Word: profitable
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Dates: during 1940-1949
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Last week the University of Illinois, while accepting some other suggestions in the report, was still running like an educational institution, without the profit motive...
Over in their graves whirled many dead educators recently when a remarkable criticism was leveled at the University of Illinois: "The driving force of the profit motive which characterizes American industry is lacking." This was the opinion of the Chicago firm of Booz, Fry, Allen & Hamilton, business analysts, who had been hired (for $20,000) by the Illinois Board of Trustees to look over the university...
...over." Next month, after seeing his girl (a WAAC), he will return, start "letting those Eskimos hound me to death again." Further incentive for being hounded to death: $1,000-$2,000 a month gross, which has allowed Dr. Kennedy to pay all his debts and show a nice profit. In the U.S. he would be lucky if he were making final payments on his office furniture...
Proud of its production, Studebaker is also proud of something else: its profit margins on Government contracts are paper-thin. In 1923 the company earned 10% on sales, in 1941 about 2%, this year less than...
Down was Cessna which tripled sales to a record $37,589,000 while profits flopped 60% to $738,000. Big reason for the slump: last year Cessna feasted on fat foreign orders (at 10-20% profit margins); this year it rationed along on U.S. Government contracts (2% margins). Besides this Cessna set aside $5,302,000 for Federal taxes, $4,800,000 for price refunds to the Government, and $1,254,000 for "policy adjustments and conversion from war to peace," when Cessna hopes to build "the family...