Word: profiteer
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Dates: during 1940-1949
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...Business is now taxed to the limit. More levies would kill off the vital incentive of profit...
...Profits & Pensions. Because stale stock ruined many a candymaker, Schnering sidestepped jobbers outside metropolitan centers, and developed a system whereby hundreds of truck-driving salesmen supplied Curtiss dealers. He spurred sales with profit & pension plans, and his 7,000 employees have never shown much interest in unionism...
Hardest hit were the networks, which have poured the most money into TV and reaped the least profit. This year CBS has made $500,000 less than it did in the first half of 1948. Du Mont's books have a reddish tinge and ABC, which can least afford it, is losing most of all. NBC does not release a balance sheet, but it is no exception. Of 76 TV stations in the U.S., only six claimed to be breaking even or making money. Manhattan's WPIX, owned by the New York Daily News, dropped...
...cutting costs to the bone and cutting employees in on profits, Dobbs and Hull made their Ford agency the world's largest (they branched out to eight other cities) and made themselves millionaires. Says Dobbs: "It's all profit sharing. The more your employees make, the more you make yourself." Each month, as soon as enough cash had been taken in to cover overhead, Dobbs told his salesmen to cut profits to $1 a car, if necessary to get sales, because the $1 was all profit...
...Lunch. By 1934, things were going so well that Partners Dobbs and Hull ventured into the food business. But not long after they bought into the Toddle Houses food shops, a Southern restaurant chain, they got in a fight with other directors who opposed their system of employee profit sharing. So Hull and Dobbs set up Toddle-like restaurants in non-Toddle cities...