Word: profitability
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Dates: during 1980-1989
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...Obviously if the little kids can do it for pleasure and fun, why can't the pros do it for power and profit," Bromfield said...
...program, known as perestroika, entered a bold new phase on New Year's Day, when 60% of Soviet industry was put on a "self-financing" basis. The new system allows enterprises to decide what to produce and where to sell it, but it also requires them to earn a profit or go out of business. Those elements of capitalist-style risk taking are frighteningly foreign to managers accustomed to relying on Moscow's central planners for virtually all business decisions. If employees of successful enterprises can anticipate increased bonuses and shared profits, others face the hitherto unknown prospect of plant...
...perennial struggles beween Arizona's copper unions and its union- busting managements have influenced Babbitt's ideas on what he calls "workplace democracy." He believes government should encourage profit sharing and worker ownership of companies and end tax breaks for "companies like General Motors, which lay off thousands of workers while paying big bonuses to executives...
...companies have disappeared in a flurry of mergers and acquisitions. Ill-advised loans to Latin American countries backfired on BankAmerica Corp., once the nation's largest financial institution. The bank has eliminated almost 30% of its work force and auctioned off moneymaking assets; still it has not turned a profit in three years. Even Standard Oil, the state's largest company, has retrenched in its headquarters town. The decline of the city's corporate and charitable base occurred at the same time voters were putting restrictions on further commercial growth, including last month's referendum rejecting plans...
Other scholars contend that the low saving rate is mainly a problem of definition. Much of today's saving, they say, has become institutionalized through corporate pensions and profit-sharing accounts. But the money that companies contribute to these plans on behalf of their employees is not counted by the Government as personal savings. Moreover, some economists point out, consumers are big savers in comparison with the free-spending Federal Government. Declares M.I.T. Economist Franco Modigliani, who won the Nobel Prize for his research on the behavior of savers: "It is the Government that is gobbling up our savings with...