Word: profitable
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Dates: during 1940-1949
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...Profit Limitation? The Treasury would still like to assess excess-profits taxes solely on invested capital, in effect recapture all profits (whether "war profits" or not) above 6 or 8%. But Congress has thrice rejected the idea, and this week the Treasury let the sleeping dog lie-for the time being. Instead, adopting a British idea, it proposed a post-war refund of profits taxes in excess of 80%, for expenses of conversion to peace...
...flashiest earnings report of the year came out of California last week. Douglas Aircraft Co. earned a record $18,177,000 in 1941, 70% above the preceding year. Sales soared 197% to $180,940,000, also a record. The average U.S. manufacturer's 1941 profits were about 10% over 1940, sales about 35%. Even other big aircraft makers showed no such profit jump as Douglas...
...little subsidiary (200 employes) called Hartford Electric Steel, which not only makes castings for Navy submarines, but has long been a laboratory of labor relations. When C.I.O. organizers came to Hartford a few years ago, the steel workers asked, and got, a promise of ⅓ of the monthly profits -and the organizers went away. Hartford Electric Steel profit-sharing now amounts to a tidy $40 per month per employe. Last December Sam decided that Hartford Electric Steel was a good place to try the Ferguson post-war wage-cushion plan...
...profit motive...
With 1942 revenues up from higher rates on more traffic, the railroads can probably maintain their 1942 net profits at around $500,000,000, on a par with last year. In comparison with any year since 1930, this is profit indeed (see chart, which covers Class I roads). But for the railroads the '30s were a bankruptcy decade; and bankruptcy is no condition in which...