Word: profitability
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...since then Con Ed's situation has brightened considerably. The company now operates on a comfortable profit margin, thanks to $678 million in rate increases won in the past 2% years. (Con Ed's electricity rate, now 10.10 per kilowatt-hour, has doubled since 1972 and is 17% above the national average.) More important, the $600 million brought in by sale of the two generating plants eliminated the need to borrow for improvements for some time. The $1 billion or so that the company plans to spend on new plant and equipment over the next three years will...
Guido Carli, the former governor of the Bank of Italy who now heads the Italian Confederation of Industry, openly forecasts "an era when private industry is no longer able to make a profit." In West Germany, Kurt Richebacher, chief economist of the Dresdner Bank, speaks of "a grave profitability crisis." In Belgium, Baron Leon Lambert, chairman of the Compagnie Bruxelles Lambert, flatly declares that European regimes are "impotent before the enormousness of the political, economic and social problems that confront...
...both for foreign companies and wealthy individuals. Today, says Rob Hazelhoff, a director of Holland's Algemene Bank Nederland, "most entrepreneurs regard the U.S. as the last bulwark of capitalism. They feel that America can hold out, and this is the main psychological factor behind the rising investment." Profit margins of U.S. corporations are now almost twice those of European firms, partly because productivity is higher. The U.S. has become something of a cheap-labor market in comparison with its European trading partners. Until the early 1970s, European labor was less costly than American. But all that has since...
...friends from the Spanish community and Broadway chums, to whom she would casually murmur, say, something about how she had an opportunity to make a bundle on Japanese automobiles imported to Indonesia. At first the results were impressive. One woman gave her $5,000 and made a $12,260 profit within a year. She then got some friends to put up $15,000 for a land deal in Spain; seven months later, they were paid back $26,325-a 75.5% profit. Says she: "It was a lark-it was like Monopoly money." As word of Adela's business acumen...
What moved Kuhrmeier to set up his bank within a bank remains a psychological mystery. So far, investigators appear to be convinced that he gained no personal profit from the alleged fraud. But as a top London banker points out, the scandal "could have happened in any other country. Slack management is not just a Swiss problem." What makes the case special is that no other country seeks to maintain such a mystique about its "inviolable" banking system. The scandal spotlighted the extent to which Swiss banks are trusted to police themselves. The chief external watchdog, the Bern-based Federal...