Word: profitable
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Dates: during 1940-1949
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Finally, Basic Magnesium was ousted. But it had netted a profit of $376,176 on the deal, "despite its demonstrated incompetence." Anaconda Copper was brought in. Under Anaconda, the plant got into capacity production, 112,000,000 lb. yearly. But the plant's future is dubious. Warned the Committee: "New sources of power will have to be obtained at low cost if the project is not to be written off at a loss after...
During the '30s he proved his "merchant eye" for entertainment. When the Roxy movie palace went bust, the receivers appointed Cullman to run it. Within the first year, using a fire-sale technique, he swung it over from a $4,000 weekly loss to a $6,500 weekly profit. He slashed admission prices, sponsored fashion shows, gave away roses, tried to book Huey Long. Five years after Cullman started running it, the Roxy-handsomely solvent - was sold to 20th Century...
...wanted from Congress was a little piece of legislation guaranteeing Jahco 5% profit on gross war business, after taxes. (On this basis Jahco's 1944 profit would be $5,000,000, just 50 times Jahco's total worth...
Pennsylvania's Representative Herman P. Eberharter quietly interposed that he had heard that Jahco's top executives had trebled their salaries. Red-faced, indignant Bill Jack roared back: "That's a lie. I will not profit one cent from this...
...best recommendation of the Album of American History is that it is the sort of book children may study, with profit, by the hour, brooding over the diminutive figures in the crowd scenes, wondering at the pictures of surgical instruments and Indian massacres and delighting in the pictures of carpentering, whalefishing, rice planting. It may even lead their elders to look around them and wonder at the objects and the faces of their own time of danger...