Word: profitably
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Though not opposed to landlords' making a "reasonable" profit, Solano holds that rent control should not only be continued but expanded where possible, and that four of the five members of the Cambridge Rent Board should be tenants. Such a program would have two-fold effect, he contends: taking apartments "off the markets, as if they were commodities," and ending what Solano calls "sheer greed" on the part of the landlords...
Briefly, Meidner's plan calls for collective profit-sharing in firms with 100 or more employees. These firms would be required to issue new shares of stock of a national union council. The stock would correspond to a fixed percentage of company profits (Meidner suggests 10 to 30 per cent). The dividends would be used for the purchase of additional stock and to finance the educational programs necessary for the success of the attack on managerial prerogatives (workers' education in health, safety, accounting, finance...
...plan has several interesting features. First, no profits are actually removed from the firm. A certain percentage becomes the property of the employees (all employees in the country) but this portion then remains in the company as working capital. Secondly, obviously, none of the profit share is consumed. This feature prevents inflationary pressures that could nullify the effect of the transfer. Thirdly, it does bottle up some of the profits left in high-wage firms by L.O.'s wage policy, that presumably would otherwise go to managers or private shareholders. Finally, it reverses the normal order of socialization in mixed...
...well with the traditions of the socialist labor movement in Sweden. And, given the party's commitment to redistribution of income and socialization of productive wealth, it will probably be impossible (for it) wholly to dismiss the proposal. In the end, there will probably be some form of collective profit-sharing even if not of the type envisioned by Meidner...
Eric Stenshoel '75-4 is writing his senior thesis in Economics on collective profit-sharing in Sweden. He is from Minneapolis and lives in Adams House...