Word: profitable
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Dates: during 1980-1989
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Although GM last week reported a $190 million profit for the first three months of the year, Ford announced a $439 million loss, and Chrysler was $298 million in the red during the same period. At tiny American Motors, unit sales slipped 31%, and the company lost $53 million. The rebates that all the automakers offered earlier this year helped sales, but cut sharply into profit margins...
...fuel but has also spurred industry to search much harder for new supplies. At more than $4.30 per thousand cubic feet (as compared with $1.42 in 1974), natural gas prices have reached a level at which wildcatters can dig wells deeper than ever before and yet still turn a profit if a well proves productive...
...Rocky III, due in June 1982. During the fight scenes the pair sparred actively, pulling their punches when they could, but occasionally connecting hard. Mr. T. packs quite a wallop-he is a former bodyguard for such pugilists as Muhammad Ali and Leon Spinks. Still, Stallone, 34, seemed to profit from the roughhouse. He worked out daily, trimmed off 40 Ibs. and added a full robe of muscles...
Training students to take command and turn an ever bigger profit fulfills a venerable tradition, but as President Bok declared in a report on the business school in 1979, the corporation has become more complex and difficult to manage in recent years. Its executives must learn to deal with fractious minorities, imperious bureaucrats, foreign coups, angry environmentalists, OPEC maneuvers and, most perplexing of all, an increasingly widespread sense of uncertainty about the corporation's role in the nation's life. Said Bok: "Most classroom discussions
...would be saying to each other, 'This is asinine, but if that is the way the game is played, I'll play the game.' I don't know of any business school professor in the country who has ever taught anybody that a short-term profit horizon is the right thing. Business schools are the places that teach value analysis. The short-term outlook reflects the business environment. And I don't pay our graduates $35,000 a year; Wall Street does. I can keep them reasonably humble when I grade their papers, but when...