Word: profitable
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Dates: during 1940-1949
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...desire to make it manlier. He bought his first set of bar bells in 1923, was so pleased that he soon bought out the manufacturer with his earnings in an oil-furnace business. Since then he has devoted himself to making the world muscle-minded, usually at a profit, sometimes at a considerable loss...
...kept mum on details of the deal. But it was reported that in addition to Sorensen's salary (Ford paid him $220,000 yearly) he got an option on a sizable chunk of Willys stock.* Thus he would pay only a 25% capital-gains tax on any stock profit, provided he held the stock six months, compared to about 80% income tax on such a high-bracket salary-the device made fashionable by Harry Sinclair and Spyros Skouras (TIME, May 29 and June...
...biggest trouble for Henry will probably come from a Sorensen-run Willys. Once in receivership, war-rich Willys netted a healthy profit of $1,558,369 in the six months ended March 31, has $6,862,156 tucked away to build postwar autos. Most important, the jeep designed by Willys and Army Ordnance (TIME, Nov. 3, 1941) has sold itself to the world. No one doubted that Charlie Sorensen intends to duplicate the feat of Big Bill Knudsen who was squeezed out of Ford in 1921. Knudsen went to General Motors, and by booming Chevrolet sales, stole such a vast...
...mailed handsome brochures to some 14,000 businessmen. He insisted that if he made big money out of the war it was only because he was doing a superlative job. But the Navy ordered him to turn back $15,000,000, left him $949,000 profit in 1942 after taxes and renegotiation...
...Even when Hawley strikes oil-and the company's income is boosted by oil sales-he still has his 27½% depletion allowance plus sundry "intangible costs" allowed under the tax law. And if he sells his producing wells he still stands a good chance of having his profit classed as a capital gain-which is taxable at only...