Word: profiteer
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Dates: during 1960-1969
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...terms is a quick check on the state of business. Last year, by FORTUNE'S total's, the check showed mixed returns. Sales of the 500 companies were higher than ever, up 7.9%, to $359 billion. Assets grew 12.3%, to $317 billion. But earnings, with a cost-profit squeeze still on, fell 3%, to $21.4 billion...
...A.M.C., which after two years of deep deficit showed a $1,133,775 profit for the six months ending March 31, shedding Kelvinator will provide some of the cash necessary for continued recovery. The purchase price is expected to be about $45 million, and A.M.C. is sure to apply at least part of that toward a $52.5 million short-term bank loan due at the end of the year. Equally important, income from the deal could enable the company to move further into the production of parts, thus reduce its costly reliance on outside suppliers. As A.M.C. Chairman...
...subsidiary, which manufactures almost all Bell System equipment. Critics charge that Bell deliberately pays inflated Western prices in order to increase the Bell System rate base by raising the value of its plant. A.T. & T. denies this, pointing to Western's slim (4.1% last year) margin of profit...
...people are, but members of Real Society cannot be expected to keep track of all of the worthy but numerous thanes who make up Society. The Social Register is not a reliable guide to who is Real. Birmingham implies that it is rather too democratic (it is published for profit, and one is not likely to buy it if one is not in it). Some citizens who are Real choose not to be listed. The author quotes Novelist Louis Auchincloss, however, who says: "The Social Register has gotten so enormous that it looks rather peculiar...
Price of Popularity. For Gulf Resources, profits of any amount are a relatively recent phenomenon. Founded in 1956 and armed with a concession for mining sulphur in the Mexican state of Veracruz, the company produced too little and borrowed too much, found itself deep in debt. When Allen, a former certified public accountant who had joined the company soon after its founding, became its president in 1960, he paid off the debts with company stock, brought in a new production man to raise sulphur output above the breakeven point. Within a year, the company showed its first profit...