Word: profitably
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Dates: during 1970-1979
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Samed is expected to eventually turn a comfortable profit-something that appeals more and more to the P.L.O.'s fiscal managers. The organization has put together what amounts to an estimated $60 million to $100 million investment portfolio; current holdings include ownership of two Beirut hotels, a 500-room youth hostelry under construction in Cairo, shares in shipyards, oil tankers and television stations abroad, as well as blue-chip holdings in U.S. companies that operate in the Middle East. Some of this money has even been used for the quiet purchase of land on the West Bank that local...
...Profit Records. A Beech deal would open up a new field for General Dynamics' aerospace expertise. At Beech, which is the nation's second largest maker of light aircraft (after Cessna), the big moneymaker has been the twin-engine turboprop King Air executive craft; it is popular with corporate customers because, although slower than a jet, it is more fuel-efficient and cheaper to buy (price: $600,000 to $1.6 million, depending on equipment, v. up to $3 million for some jets). Until now, Beech has shied away from entering the executive-jet business. But some industry experts...
Though Olive Ann Beech never learned to fly, her managerial skills brought the company through some problems at the turn of the decade, when the Viet Nam-warped economy hit sales hard. Rebounding from a loss of $7.7 million in fiscal 1970, the company has set new profit records in each of the past four years. So, far this year, sales are 22% ahead of 1976, when the company earned $20 million on revenues of $346 million. Thanks in part to rapidly growing defense business-in the past two years Beech has won more than $150 million in contracts...
...Ending "double taxation" of dividends. At present, a corporation pays tax on its profits, and then a stockholder pays tax on the portion of the remaining profit that he receives in dividends. The simplest way of ending this process would be to exempt from corporate taxes the portion of a company's profits that are paid out in dividends. However, the tax-reform team also is studying various proposals for integrating corporate and individual taxes. A stockholder, like a member of a partnership, would include in his taxable income his proportionate share of the company's profits. Several...
...must be hard for the IRS, or for Hef himself, to sort out what is pleasure, profit or business expense in Hef's lifestyle. The difficulty is evidenced in this month's nudie Playmate, the magazine's famous foldout. Along with 14 undressed pictures of a 20-year-old blonde, the text explains that she has landed a top role, "that of Hef's more-than-occasional companion." Tax man, how would you score that? Business promotion? In fact, one of Playboy's problems is its narcissistic photographic preoccupation with Hefner's Playboy mansion...