Word: profitability
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Dates: during 1980-1989
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...next move? "I haven't made up my mind yet," he insists. Icahn may have trouble raising the money to boost his $12.5 billion offer. He could hold his 14.8% stake and collect more than $100 million a year in dividends. Or he could sell and earn a profit of more than $500 million...
...being touted as the calamari capital of the world. Each year about 10,000 tons are harvested from Monterey Bay. About 90% of the catch is exported, mainly to Japan and Europe. Not only do such fairs publicize the product, they are also vehicles for other purposes: fund raising, profit making, good-natured flag waving and communal celebration...
...farmers could freely sell or lease their water rights, profit motives would provide a powerful incentive for conservation. In Arizona, where such "water ranching" is widespread, farmers are drawing top dollar and, in the words of former Governor Bruce Babbitt, "retiring to beachfront condos in La Jolla ((Calif.)) to raise martinis instead of alfalfa." If water rights were widely traded, proponents say, cities and factories could assure their needs for posterity. Agriculture would still receive four-fifths of the West's water and would thrive, despite the increased costs...
Gorbachev has already made startling progress by putting most of the country's industry on a self-financing system and encouraging private initiative in cooperative and individual enterprises. But the reform process has run up against bureaucratic resistance and opposition from traditional Communists, who see the profit motive as sinful backsliding into the evils of capitalism. A firm endorsement by the party conference will help break the bureaucratic backlog as well as reassure those who take their Marxism-Leninism too seriously...
...Vice President Philip Benton: "The union has come a long way in recognizing the need to be competitive." Adds U.A.W. Vice President Stephen Yokich: "I can see a totally different attitude. We're meeting and talking about our problems." Working together has its rewards: this year's $636 million profit-sharing disbursement is believed to be the largest such payout ever made by an American company. The workers received average bonuses of $3,700, up from...