Word: profiteer
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Dates: during 1940-1949
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Heavy Load. Investors liked the idea; they could get their money out at any time at the current value of their shares. Securities salesmen liked it even more; the handsome 7½% commission gave them three to four times the profit they could make by handling individual securities. Other brokers were quick to catch on, and soon M.I.T. had some imitators...
...current issue, LIFE reports on the ideas that went round & round. Samples: ¶Creativeness in Hollywood is stifled by U.S. theater owners, who control the industry, reap most of its profits, and want nothing from it but, in Mankiewicz's phrase, "400 items of salable merchandise every year." The creators may get their big chance when the Government finally splits theater ownership from production. ¶The moviemakers recognize that a low-budget "special audience" film, e.g., Home of the Brave, can turn a profit without a mass audience, but Hollywood is geared to supply the bigger audience, where...
Hardy Perennials. Already busy, milking her Broadway hit and getting the season's top salary ($5,000 a week), is Tallulah Bankhead in Private Lives. Summer Veteran Edward Everett Horton, who has played Springtime for Henry perennially (at a profit of about $1,000,000), will give the old comedy a rest in favor of Present Laughter. Some of the other country hands: Helen Hayes (in a tryout of William McCleery's Good Housekeeping), Paul Lukas, Sir Cedric Hardwicke, Eva Le Gallienne, Basil Rathbone, Mady Christians, Ann Harding, Elisabeth Bergner, Joan Blondell, Bert Lahr, Kay Francis...
...Profit-Takers. The indictment made no attempt to set forth the complex schemes by which Tucker had raised-and spent -$28 million collected from the sale of stock and dealer franchises for his Torpedo 8. The grand jury merely totted up Tucker's statements and labeled each one "false." Said the jury: Tucker & Associates, "seeking to capitalize on the unusual consumer demand" for autos, falsely "represented [Tucker] as an automotive inventor and designing genius" and obtained money "for [their own] personal benefit and profit" by "payments of excessive salaries and expense accounts to themselves, by the creation of fictitious...
...tiny Kemmerer, just about everybody bought on credit, hence paid high prices. Jim Penney had a better idea: cash on the barrelhead. More important, at a time when most small-town retailers firmly believed it was good business to make a big profit on small volume, Penney subscribed to a still revolutionary idea; he wanted to make a small profit on each item, thus build big volume and a big profit...