Word: profitable
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Dates: during 1980-1989
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...consulting firm, showed that over the past ten years, independent investment advisers have earned an average annual return of 12.6% on the money in their care, while banks could muster only 8.3%. As a result, the independents' share of the tax-exempt fund business, which includes pension and profit-sharing plans, has ballooned since 1975 from 20% to 37%, ahead of the banks' 35% and the insurance companies' 28%. Upstart independent firms Like Alliance Capital Management in New York City, Capital Guardian Trust in Los Angeles and LeBaron's Batterymarch Financial Management in Boston have become...
...some firms, the bonuses are surprisingly sweeping and generous. The Chicago-based Leo Burnett advertising agency gave all 1,600 of its U.S. employees a "profit-participation cash bonus." Said one Burnett executive: "It was a good deal better than last year's. I haven't detected a single sign of disappointment." At Silicon Valley's Hewlett-Packard, supervisors ceremoniously handed out checks to 62,500 employees for two weeks' extra pay, just in time for Christmas shopping. To qualify, employees needed at least six months on the job. The total bonus came to $49 million...
...exclusive rights to show the documentary, from which it lifted the Thriller video intact; Showtime paid $300,000 for pay-cable rights; and Vestron Video reportedly plunked down an additional $500,000 to market the cassette, in which Jackson has what the folks in business affairs call "a profit participation." Not only that, the Thriller album, already out for a year, went into the holiday season selling about 200,000 copies a week. After Thriller had been on MTV for only five days, album sales went...
...record companies, it comes as something of a surprise to learn that MTV is not yet in the black. Supplied free at first to cable services, it now costs cable operators 10? to 15? per customer per month. It may be a little early to expect a profit; no one is even sure how much it costs Warner-Amex to run MTV every year. (The best educated guess is $30 million.) Jack Schneider, Warner-Amex Satellite Entertainment Co. president, predicts profits "some time in 1984," but is vague about numbers. MTV chases advertisers, but, says McCann-Erikson Vice President Paul...
...because Council by-laws prohibit the body from charging admission to events for profit, that money would be donated to a charity or scholarship fund, Vendler said...