Word: profiteer
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Dates: during 1960-1969
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Business will be operating in a new, probably tougher atmosphere. While profit will still be the prime mover, some of the money once considered the stockholders' will have to be sacrificed to the needs of society and to pollution control. Within business itself, the company that knows best how to use information and the new world of the computer will dominate its field-a truth only beginning to become apparent today. The knowledge industry, in fact, may grow to the point where it is the largest single segment of the economy. A new type of executive-one with great...
Except for a few small details, the scene could have been "The Brickyard" at Indianapolis or Florida's famed Daytona Speedway. In the stands, thousands of fans cheered their favorites as big-league factory teams fought for that extra profit a racing victory always brings. Around and around the four-mile course, the world's best drivers gunned their big machines, each one perfectly tuned and tended by pit crews capable of performing mechanical marvels with spectacular ease. The speeds were startling, the promise of disaster ever present...
...keep hands off union disputes and request special legislation to settle the walkout. Whatever the outcome, the U.S. has reason to be uneasy. Unions will have to negotiate new contracts for some 4,000,000 workers next year-in what seems certain to be a climate of business slowdown, profit pinch and continued price boosts. That is about the worst imaginable climate for labor peace...
...Referring to the College community, as opposed to the Business School community, Ford said, "Most people are probably convinced that business will never sacrifice enough profit to meet its social responsibility adequately...
...explained that "business must sacrifice profit in the short run to build a healthy and grateful society for increased profit in the long...