Word: profitable
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Dates: during 1960-1969
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When Dean Ford released his annual Faculty budget report last month, the figures told a familiar story. Although the Faculty finished the 1968-69 year with a small over-all profit, Ford warned that a harder financial year was ahead, with a predicted deficit of nearly $1.9 million in the 1969-70 budget...
...Mystery Lake, a historic barn razed at the University of Maine. Much vitriol is aimed at the paper industry, a major source of water pollution in the state. The Times recently flayed a new wave of fly-by-night operators who reopen abandoned paper mills for "short-term profit and long-term pollution...
...examined the books every ten days. The new chiefs sold AMC's finance subsidiary and Kelvinator Appliance to pay some of the debts, trimmed costs by $20 million annually to cut the breakeven point from 343,000 to 250,000 cars a year, and last year turned a profit of $3,300,000 on sales of 260,000 cars. Chapin and Luneburg expect to reach $4,000,000 this year. The acquisition of Kaiser Jeep also makes American Motors a billion-dollar corporation once again, a status it has not enjoyed since...
Another executive was recently shifted from Manhattan to Chicago. When he put his suburban New York home up for sale, one eager would-be buyer offered him $500 to be first to bid on it. He sold the house for a large profit. The disillusionment set in after he moved to Chicago and sought a house in the suburbs. "I had to pay much more for less house," he complains...
...University provided an additional $100,000 from the Harvard Profit and Loss Fund, a reserve account that Young said exists in case bad investment returns make it impossible to meet departmental budgets with already-allocated funds...