Word: profiteer
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Dates: during 1940-1949
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...Secretary of the Air Force) took over as Emerson's president, labor relations began to settle down. Symington and Sentner sized each other up; each found the other a forthright, levelheaded man of his word. Working together, they put into effect a successful labor-management plan and a profit-sharing program. Emerson, swollen to 11,000 workers, was one of the few big plants in St. Louis to come through the war without labor trouble...
...delegate, "the standard of living of those who do not have to work has not dropped in the least." Envy is not the most attractive characteristic of the British Labor Party, but it is one of the strongest. How to leave the private enterprise sector of British economy its profit motive-and at the same time get more production from British workers-was the basic problem which the Labor Party faced but did not solve at Scarborough...
What had brought on the disaster? One obvious cause: falling revenue and inflated costs had squeezed the profit out of the newspaper business. Ten years ago an eight-page paper sold for half a franc; today a four-pager costs 5 francs. And newsprint has gone from 2,500 francs a ton in 1939 ($62.76) to 35,000 ($114.63). Furthermore, the sins of the prewar press had been visited on the postwar press...
...Motors' executive vice president, told auto dealers they should stop forcing motorists to trade in their cars when buying new ones (dealers usually sell the trade-ins at far more than they allow the customers). Dealers' discounts are fat enough, said Coyle, without the extra trade-in profit. Said he: "If [the dealer] is assured that the new car will not pass into the black market, he should permit the customer to sell his own used car if he wishes...
...group whose membership is voluntary, Cleveland admits, enforcing the code would be tough and perhaps impossible. Nevertheless, "let organized industrialists define economic abuses and act against them . . . develop adequate group controls in those industrial areas where real economic competition has ceased to exist . . . look beyond the short-run profit motive to the old but valid goals of true free enterprise. Until at least a start is made in this direction, the possibility of progressive leadership's emerging from within industry is very remote...