Word: profitably
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...when sales reached $8 million and he employed 80 people. Now, the company has just 18 on its payroll, and sales have dropped to less than $1 million. A few years ago, Shimogaki, 57, diversified into garbage incineration and a blueberry-farming operation that has yet to turn a profit. Shimogaki inherited his business from his father, but none of his four children is interested in taking it on. "Times are changing," says Shimogaki, with a trace of resignation. "If we can't change with them, we'll all sink...
...done, either way: Putin got the ring - and properly turned it over to the state depository for gifts, according to his staff. Kraft made the ring a gift to Putin to demonstrate his respect - and, one hopes, his intention to invest in Russia to his and Russia's mutual profit. However, the morning after this ring-giving, I heard a remake of the 30 year-old Brezhnev joke: Putin, Bush and Chirac meet at a party. Bush shows off his steel ring, inscribed with: "To our leader from the GOP." Chirac sports a silver band, inscribed with the words...
Despite the upheaval in the domestic industry, Bowles still runs up against the notion that because the company outsources, it cares more about profits than jobs. "That whole thought process is so annoying to me," she says. "How many jobs can we have if we don't make a profit? If retailers will only sell goods made here and consumers will only buy products made here, I'll reopen all my plants here. I'd love to do that. But that just isn't going to happen...
Ultimately, GE's contradictory behavior on the environment is completely rational. Selling green goods represents growth and profit. Spending money to comply with antipollution laws and paying for cleanups represent cost centers--and every GE exec knows you reduce cost and feed growth. No wonder, then, that Immelt dismisses the naysayers on either side of his green initiative--the environmentalists who grouse that GE is being hypocritical and the conservatives who complain that companies should not spend an extra cent on the environment since that wastes economic resources. "There are just some people you don't listen to," he says...
Jose Carillo, 35, is so convinced that land values are coming back in Marquette that after building his own house on a free lot, he took another and is building in hopes of selling quickly for a profit. "This is a great opportunity," he says. For the town too. --With reporting by Sarah Sturmon Dale/New Richland, Pat Dawson/Chugwater, Rita Healy/Denver, Chris Maag/Whiting, Marguerite Michaels/Chicago and Eric Roston/Washington