Word: profiteer
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Dates: during 1920-1929
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...gross profits fell from $12,531,379 to $9,559,804, while operating expenses rose from $7,305,176 to $8,797,397. In consequence, profit was reduced from $5,226,203 to $762,407; figuring in "other income," total profits for 1923 were $1,107,537 compared with $5,577,846 the year before. Thus, after interest, depreciation and profit sharing in 1922 are deducted, the net profit of $3,144,549 in 1922 became last year a net loss of $1,166,284. In both years, dividends were paid on the two classes of preferred stock, but none...
...carried along willy-nilly, as in the American college, over a certain number of hazards and hurdles. But education can never be other than a problem for each individual student. The immediate question which it is necessary to answer, is shall he decide his own fate and profit according to his own inclination and ability or shall he be standardized and machine-handled like each of his fellows, entirely regardless of his own individual capacity...
...stated on reliable authority that No. 1 experts will recommend the French to take a mortgage on the German railway system which, it was estimated, can produce a net profit of 800,000,000 gold marks per annum. It will also be recommended that France relinquish her hold on the Ruhr, that Germany be granted a moratorium for cash payments. On the other hand, the experts were reported to have decided that Germany can pay about $1,125,000,000 annually after three years, that she must levy higher taxation, that a gold bank must be established. They found Germany...
...which made our tasks doubly difficult. We hope that such a situation will never again arise and that each class will follow our example, so that in succeeding years Freshman Executive Committees may look over the reports of those who have gone before, take advantage of their suggestions, and profit by their mistakes...
...criticism to offer. "The shoe industry," he said, "was probably the first tackled by the Harvard service--and wisely so. In this industry, there is the most urgent need of a scientific system of expense determination. Small retailers have a very difficulty merchandising problem, because the difference between actual profit and gross profit--caused by heavy overhead--is so great. A man who is not scientific is almost sure to become involved. The Harvard service helps such men to calculate their expenses accurately; its value is inestimable, and there is nothing else comparable to it in the industry. My only...