Word: profiteer
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Dates: during 1940-1949
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...trying to describe the difference between the Press and most other papers, Roy W. Howard once said: "It's a paper with a heart." The heart beats strongly enough to make the Press the healthiest in the chain; the profit is $2,000,000 a year. For ten years the Press (now 280,000 daily) has run ahead of the Plain Dealer (255,000) and News...
However, a few industries were already feeling the effects of competition and the buyers' market. With the backlog in trucks about gone, profits fell for such smaller producers as Mack Trucks (down 50%) and Autocar (down 90%). Colgate-Palmolive-Peet's half-year profits dropped more than 50%. Bendix Home Appliances also felt a sag in sales, reporting a profit of $900,550 for the second quarter v. $2,565,-208 for the corresponding period last year. Profits of shoe companies were down; International Shoe...
...these were more than made up for by profit increases in food, chemicals, coal, paper, utilities, manufacturing. Some typical nets: $3,543,627 for National Cash Register (up 35%); $24,041,851 for Union Carbide. & Carbon (up 41%). Some exceptional ones: $5,742,000 for General Foods (up 290%), $706,887 for radio-making Admiral Corp...
...Hills, runs railroads, buses and bridges in the Middle West. One of its biggest holdings is Colorado Fuel & Iron Corp., bought from the Rockefellers. All told, the companies Allen has a guiding hand in have a net worth of above $200 million, net $15 to $20 million a year profit. Allen does not look for immediate earnings but for long-term capital gains. Its income from banking and shrewd investing is big enough to keep the four working partners (three of them are Aliens) looking for more branches for its ever-growing empire...
With low fuel consumption and big payloads, U.S. Lines President John M. Franklin is confident that the superliner can be operated at a profit...