Word: profitable
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Dates: during 1940-1949
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...obsolete time studies (schedules setting average time to complete operations), which actually gave some workmen so much free time that they played pinochle in washrooms. Murray got its U.A.W.-C.I.O. local to agree to new time studies by a firm of industrial engineers. To quiet union suspicions of a profit-inspired speedup, Murray did something unique in time study history: five union men were selected to take a nine-month time-study course, to help work out the new schedules...
...contractors in Engel-inspected plants made "excessive profits" (up to 53% after payment of taxes) during the last two years. Still greater profits were made by Government-financed corporations "earning profit on a large Government capital, but distributing that profit to a small group of stockholders who have very little capital invested...
...Record. "We entered [the war] of our own free will, without ourselves being directly assaulted. . . . We seek no profit, we want no territory or aggrandizement, we expect no reward and we will accept no compromise. . . . Against the triumphant might of Hitler, with the greedy Italian at his tail, we stood alone, with resources so slender that one shudders to enumerate them even...
Another factor inflated the Smith-Sherman profit estimates: since the U.S. Treasury does not allow most contingency reserves as a deduction from taxable income, the estimators ignored them in figuring net income after taxes. Yet most large U.S. corporations (and many small ones) have been taking progressively higher reserves for conversion to peace. One index of how such reserves can cut down actual net income (in terms of return to the stockholder): the National City Bank's estimate of first quarter earnings for 260 industrial companies showed a rise of only 7% over the same period last year, despite...
Enter Antoneili. Today about 30,000 workers turn out $150,000,000 worth of munitions and pyrotechnic devices yearly. The biggest fireworks manufacturer, Un excelled Manufacturing Co., reported a gross profit of $900,000 (net $188,000) for last year, compared to a 1939 deficit of $44,000. But normally much pyro technic-making is done by small shoe string operators, and they are getting their cut of war work...