Word: profitable
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Dates: during 1980-1989
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...delivering a sucker punch. It was far too early to tell whether the Soviets, in leading an East-bloc boycott of the Olympics, had landed a solid shot or a glancing blow on the 30 corporate sponsors, 54 Olympic licensees and hundreds of others who had sought prestige and profit through the Games. But the mood in Los Angeles was, for the most part, defiantly upbeat. Declared Harry Usher, executive vice president of the Los Angeles Olympic Organizing Committee (L.A.O.O.C.): "We won't go into...
...Angeles Games offered a chance to make some very handsome profits. By selling all of its available commercial time, ABC could raise total revenues of $480 million-provided that its ratings averaged 16 or higher, meaning that at least 16% of all U.S. households with televisions were tuned in to the Olympics. Thus, after spending $225 million for the broadcast rights, plus an additional $200 million for production costs and advertising commissions, the network stood to reap a profit of up to $55 million. By early last week ABC reported that fully 90% of its available spots had been sold...
Then there are the dollars, billions of them as well. When athletes who are supposedly amateurs stand to make fortunes in a pole vault, winning and profit become the same thing. Soon ends justify means. Soon other value misjudgments in society (military, ethical, intellectual) are reinforced. Soon everything is spoiled...
...securities. Dealers in other markets temporarily lost confidence in the rising dollar and started bidding up the price of gold. Even the porkbellies market reacted, and prices fell because Continental is a big lender to commodities traders. Some traders apparently helped stir up the panic to make a quick profit...
Ending import curbs would threaten the auto companies' high-octane recovery. Sales of U.S.-built cars surged 36% in the last ten days of April, and the industry expects a record $10 billion profit this year. It is in this atmosphere that Detroit paid out a grand total of $314 million in bonuses for 1983. General Motors paid bonuses that averaged $31,289 to 5,807 executives, while Ford gave an average of $13,372 to 6,035 managers. If shareholders agree, Chrysler plans bonuses that average $35,222 for 1,465 executives. Says Ford Chairman Philip Caldwell...