Word: profitable
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Dates: during 1980-1989
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Incredibly, it is beginning to look as if he might. Five years ago, lacocca was president of Ford Motor Co., and Chrysler's profits were about to careen off a cliff. In November 1978, four months after he got the ax at Ford, lacocca joined Chrysler as president. From that year through 1981, the company lost nearly $3.5 billion, easily the biggest bloodbath by any American company in history. In 1979, the company was so close to bankruptcy that only an act of Congress saved it, and despite the bailout, Chrysler has almost collapsed several times since. It is therefore...
True, it was a small profit, only $170 million on sales of $10 billion, and it came mostly from the sale of the tank division, not from making cars. Yet no one denies that Chrysler's progress has been prodigious. Had not a debilitating five-week strike last fall in highly profitable Canadian plants crippled operations, Chrysler would have eked out a profit in the auto business. More astonishing, the once cash-starved company now has a cash hoard of $900 million. Wall Street has halted its death watch: last year Chrysler's shares more than quintupled in price, from...
Mandatory National Service, as Thomas and most proponents envision it, would force each citizen at the age of 18 to enlist with the government for a year of work. Each person would have the choice of serving with the armed forces or being assigned to some kind of non-profit or public works organization at the minimum wage or lower. The program would cost an estimated $35 billion...
...government would not necessarily create jobs, but would pay teenagers to help non-profit organizations or to repair and build public facilities, in groups modelled after the New Deal's Civilian Conservation Corps. Some proponents have suggested that the money would come out of cuts in the military, a tradeoff the forces might be willing to make in return for more and higher qualified 18-year-olds...
Under the arrangement Hoechst A.G. of West Germany provides a 10 year $50 million grant to support research into recombination DNA In return, the firm receives the right to profit first from any research results, though MGH will hold all patents on discoveries...