Word: profiteer
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Dates: during 1960-1969
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...Last year sales reached a record $2.1 billion. Agnelli spurred the trend of consolidation among European automakers by gaining effective control in 1968 of France's Citroën, which makes some of the world's most advanced mass-produced cars. In the long run, Fiat may profit more from Citroën's engineering techniques than from Ferrari's expensive elegance, but Agnelli can take pride in sustaining an incomparable piece of automotive history...
...real estate industry also has a role to play, although it must be carefully defined and neither exaggerated non underrated. The primary incentive of business is return on investment--and the cost constraints inherent in the provision of low and moderate-income housing do not leave much room for profit. What the real estate industry can do is to build housing units, because developers and contractors have done it over and over again, and have expertise at it. The industry also has access to private mortgage money, which is required because there simply is not enough public money to support...
...winners in Monday's races at Suffolk Downs; AUTOMEDON in the first, ZEKE'S BIRTHDAY in the sixth, and JOE FLATS in the ninth. If you had bet $2.00 on every horse that we picked to win you would have cashed $20.60 worth of winning tickets for a $2.60 profit...
...Summer School is, of course, not a world apart from, (pardon the expression), "the real Harvard." To School goes into the coffers of the begin with, the income from the Faculty of Arts and Sciences. In 1967, the books showed a profit of $192,000 for the School. In one sense, the profit is only a paper one, since the charge which the School contributes to, for example, Widener Library, is only an approximation of what the summer use of the library's recourses costs. On the other hand, many of Harvard's overhead expenses--libraries, administration, custodial care...
Darryl F. Zanuck seized control of 20th Century-Fox in 1962 after a lot of nasty infighting; in five years he and his son Richard turned a single-year loss of $39.8 million into a single-year profit of $12.5 million. Success, naturally, bred envy. And envy gave rise to tales of dirty dealing, venality and grossness. Two years ago, the company gave the run of the lot to a freelance writer, John Gregory Dunne. Dunne could attend any meeting, drop in on any set. He would learn the truth, and the truth somehow would set 20th Century-Fox free...