Word: profiteer
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Dates: during 1960-1969
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...rules that determine who gets what in the U.S. economy are at once distressingly inequitable and remarkably logical. Tradition, profit, risk and decision making all play a part. Regional pay differences exist, but are narrowing as executive mobility increases. The Fantus Co., a site-seeking firm for industry, reckons that for young executives living costs in New York run 12% higher than in Chicago and 40% higher than in Dallas. Although some companies give Manhattan executives premium pay, it does not always make up for the cost-of-living differential...
...group they have earned no profit for the past three years. The failure is due to the lack of trained management and to all the handicaps of slums: high unemployment, low incomes and savings and marginal local businesses...
There is a pronounced difference between the old and new banks. The older ones are run by more conservative men and showed a 4.8% profit last year. The officers of newer banks tend to be more aggressive and inclined to take greater risks in lending to help build the black community. Most of their banks...
...more than $7,000,000 in accounts. About two-thirds of its clients are black, but the bank also gets business from some white-owned firms, including the Gillette Co. and New England Mutual Life Insurance Co. President Donald Sneed Jr., 35, a former real estate broker, reported a profit of $47,520 for the first six months of the bank's operations...
...just over $1,000,000 to Randtron, a new manufacturing conglomerate headquartered near San Francisco; Mauser and Enos stay on as president and vice president of the subsidiary. With 254 dealers throughout the U.S., and volume projected at $5,500,000, the company should show its first profit this year. "Off-the-road vehicles," says Mauser, "serve the purpose for which people used to keep horses: to be able to go off alone where automobiles cannot go. But you can keep the Coot in the garage-and you don't have to feed it any hay." Besides, what horse...