Word: profitably
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Dates: during 1970-1979
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Malek found his wish come true in the form of a sagging tool manufacturing business in Orangeburg, South Carolina, called the Triangle Corporation. To this day Malek beams as he relates how he applied hard-nosed management techniques to turn a $1-million deficit into a $1-million profit in his few years in Orangeburg...
...letter to the Times, Schorr reminded the editors that they had lost no time in publishing the Pentagon papers as a paperback, presumably not at a loss. He argued that his moral problem was "how to avoid making a profit." He had to find a publisher but did not see why that publisher "should be the sole beneficiary...
...Profit is today a fighting word," he said, adding that, "profits are the lifeblood of the economic system," and the "magic elixir" on which economic progress depends...
Arrow spoke on "Why Profits Are Challenged." "The strongest argument for profits has always been they are needed as an incentive," Arrow said. He added that "profits may not be the motive of the economic system today," as management is not in the hands of profit recipients...
...cited the Tennessee Valley Authority and the Manhattan Project as "apparently efficient enterprises" not run for profit...