Word: profitable
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Dates: during 1940-1949
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...limiting "excessive" war profits. To get his wage ceiling, the President will have to answer labor's demand for a profit ceiling, although corporations have already had their taxes multiplied...
Bunker was angry about a plant put up in his native State (Nevada) by Basic Magnesium, Inc., under contract with Jones's Defense Plants Corp. From a Truman subcommittee report, Bunker figured that the company had furnished only $50,000, but stood to make a profit of $2,140,000 (4,280%) in a single year. Cried he: "If the agreement . . . represents a cross section of conduct on the part of the Defense Plant Corporation . . . we are tolerating the existence of an agency of the Government that is so corrupt as to make profiteering in the last war look...
Army & Navy procurement officers, not wanting to take the zip out of production, are almost as opposed to a statutory limit on war profits as businessmen are. Businessmen, not wanting to be unpopular or unpatriotic, are almost as eager to avoid excessive war profits as Congressmen are. So last week, while Congressmen reconsidered a bill to limit all war-contract profits to 10% or less, the Army & Navy quietly perfected a technique of profit control that businessmen could understand...
...price control chips more & more at the profit margins of the businessman whom price freezing pinches, his normal instinct to deal justly with war necessities is bound to be more & more muddied by his equally normal desire to stay solvent...
Main reason for this rally was higher profits. Last year Hudson, Nash, Packard and Studebaker cleared $12,900,000, highest since 1936 and 450% more than the year before (against a 4% profit increase for General Motors and Chrysler). And many of the independents may do 50 to 200% better this year than last. Long accustomed to pinch-dollar tactics, they are not frittering away this new-found cash. Some of it may be handed to long-starved stockholders, but the biggest part will be used in ways that will make them stronger companies when peace returns...