Word: profitable
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Dates: during 1940-1949
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Taylor was used to being his own boss. As a very young boss of California's Consolidated Steel Corp. he took over a company losing $172,000 a year, sparked it to a $570,000 profit before he stepped out. Marked as one of the ablest businessmen on the West Coast, he was given the presidency of Union Oil Co. in order to put new life and efficiency into that big old company-which he promptly...
This is a situation to make a railroad treasurer's mouth water. Everyone agrees that the railroads should get their fixed charges down, so why not use some of their war profits to buy back some of their bonds at bargain sale prices? The answer is taxes. For example, if a railroad should buy in $100,000 worth of its bonds for $60,000, the Government would make it report a $40,000 profit, on which next year's excess profits tax would be $36,000. At this rate the railroad treasurers figure it isn't much...
Somewhere between Miami and India last week was a mystery man of U.S. aviation; a man who has concocted one big international aviation deal after another, yet is almost unknown to U.S. citizens. His name: William Douglas Pawley. His business; dabbling in anything that flies -usually at a profit...
...higher prices will not cost the Government much because 90% of the money profit it creates will come right back to the treasury next year in excess-profits taxes...
Last week's announcement is a bow to the food trade which has been clamoring for ceiling adjustments rather than subsidies. OPA's hope is that its promise of profit will encourage brokers and wholesalers to contract for the fruit and vegetable packs now coming to market...