Word: profitably
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Dates: during 1970-1979
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...taught me language, and my profit on't is, I know how to curse...
Edwardes, 47, is a 5-ft. 2-in. dynamo who has proved himself as a manager: as chief of the 20,000 employee battery-making Chloride Group, he almost quintupled profits in five years to $47.5 million. He won the Guardian Young Businessman of the Year award in 1975. Though he will have to negotiate a companywide pact, Edwardes is a fervent believer in decentralized management who pledges to use "ruthless logic" in organizing executive teams to run Leyland as a group of "profit centers." He had better hurry...
None of the stiffer penalties at the state level are expected to do much good. Buttlegging has a lot going for it: a touch of high adventure, the allure of beating taxes, and profit. Nor are Mob connections needed to make a go of it. An individual entrepreneur with a van can load up in North Carolina or Virginia, where the state tax is only 2? or 2½? a pack, head north on Interstate 95 (now known as Tobacco Road) and sell the cigarettes at a high profit hi New York and Connecticut, where state and local taxes...
What can be done? A simple solution would be to coax North Carolina and Virginia, the two biggest cigarette producers, into raising their per-pack taxes, thus eliminating the potential for profit. But that is not likely to happen; officials in those states think the problem is not that their taxes are too low but that taxes in Northern states are absurdly high. Says North Carolina Attorney General Rufus Edmisten: "I cannot justify spending countless hours looking for cigarette bootleggers who are not in violation of any of North Carolina's statutes." He is quite correct that they...
...sales figures quickly revived perennial Detroit speculation that AMC cannot be a car company much longer. Though American Motors expects to report a profit of $5 million for the fiscal year that ended Sept. 30, v. a loss of $46.3 million in fiscal 1976, cars had nothing to do with it; profits on sales of Jeeps, postal vehicles and buses carried the ball for the company in the face of car-sales losses...