Word: profiteer
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Dates: during 1920-1929
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...corner grocery store instead of a nation, and the figures were hundreds of dollars instead of millions, there would not be all this 'mystery'; if the interest is high, it proves that Italy is bankrupt big debt for a dead horserices so that the U. S. got a profit out of it. Twenty-five cents on the dollar is not much, they argued, but as a plain business proposition it was that or nothing. "What else do you propose?" they asked. "Would you have us go to war to collect...
...manipulative surgery similar to his operation in Chicago 19 years before on Lolita Armour. He was world-famed for his technique; would do much good to some cripples; would attract medical and surgical students to his amphitheatre, students who might later attend his Viennese clinics to his legitimate profit as a teacher. But the press took him up; touted him throughout the land; raised fond hopes in hearts of cripples everywhere. These rushed to his free clinics. He was their Messiah. Back of his tired, wrinkled brow, back of his white beard and moustache, they saw only the kindly doctor...
...December, 1921, the mail order house of Sears, Roebuck & Co., that proud, old firm "founded on a fair profit, a fine organization and the faith of the customer," was in a bad, bad way. The post-War depression and readjustment had nibbled away at inventories and surplus so that earlier that year dividends on common stock had to be suspended. It seemed to President Julius Rosenwald and his associates that, to balance on the year, they would have to write off inventories hugely, pass dividends and even levy on holders of common stock some fraction of their stocks. Now these...
Last week Mr. Rosenwald exercised his option; bought the 50,000 shares of stock back at par. They cost him 5 millions where, in open market, they would have cost 12 millions. Thus he makes a paper profit of some 7 millions, a profit which he might not have made had he not "given away" his stock...
...Firestone Rubber Co. in 1921 reported a profit of $1,250,000 and in 1925 a profit...