Word: profiteer
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...General had to change his story in several important details. He had repeatedly said that he had "lost his socks" in the market. The fact was, as he now admitted, that in about five months of commodity trading he had garnered a profit of $6,165, more than doubled his investment (he had previously lost more than $11,000 in stocks). He also had to admit that he had put out an inaccurate statement from the White House. He had said last month that he quit the market right after President Truman's angry denunciation of speculators in October...
...sake of culture. Music was now a product to be seized by machinery, to be packaged, distributed and sold in wholesale lots. Canning and transmitting musical effects was a huge and complicated industry in which the artist, the advertiser, the salesman and the inventor fought ceaselessly for expression and profit. Its impact upon the people of the U.S. and the world was tremendous-it had given them both the Beethoven Ninth and Too Fat Polka ("I don't want her, You can have her, She's too fat for me"). It had also made possible...
...audiences with mobs and spectacles any more. Intimate pictures are the thing." Furthermore, M-G-M could no longer afford mobs and spectacles. Nor could anyone else, unless the mob included one of the few top stars (Bing Crosby, Ingrid Bergman and Betty Grable) whose appearance usually guaranteed a profit. Nor did Hollywood think it could film any plots or take up problems that cut deep into contemporary life. Such films might be branded as "subversive...
...when K-F proposed its third stock issue (1,500,000 shares, price undetermined), it had something more concrete to offer. In the prospectus, filed with the Securities & Exchange Commission, K-F said it had grossed $227.5 million in the first eleven months of 1947, and had netted a profit of $15.5 million. (These figures, said K-F, were unaudited, thus subject to change.) By November, the rate of profit had risen to about $4.7 million a month, enough to wipe out the 1946 loss of $19,000,000. And K-F still had $18 mill;on in cash...
...rosy profit figures did not cheer the stockmarket. It apparently felt that K-F's cars, overpriced when compared to other makes, may soon run into tough competition. On news of the new issue, the price of K-F's existing 4,750,000 shares of common stock fell from 14¼ to 12, then firmed up slightly at the weekend...