Word: profiteer
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Dates: during 2000-2009
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...Acer's global market share to 11.9%, up from 10.1% the year before. In notebook computers - Acer's speciality - the company claimed 17% of the world market in the first quarter, enough to make it the world's second largest notebook maker behind Hewlett-Packard. Acer earned a net profit of $59.7 million in the first quarter...
...Acer CEO J.T. Wang chalks up the results to his company's willingness to adapt to unpleasant market realities. While competitors are trying to protect their profit margins by keeping prices of PCs stable, Acer, recognizing that consumers have less to spend nowadays, has been pushing low-cost computers including netbooks, shrunken portable PCs costing just a few hundred dollars. Wang says that computers priced under $500 are taking a larger share of overall sales; according to IDC, the average selling price of an Acer machine in the first quarter dropped to $611 from $855 a year earlier. "People...
...currency circulates more quickly, the money passes through more hands-and more people have had the benefit of the money and what it has purchased for them. "If you're buying local and not at a chain or branch store, chances are that store is not making a huge profit," says David Morris, Vice President of the Institute for Local Self-Reliance, a nonprofit economic research and development organization based in Minneapolis and Washington, D.C. "That means more goes into input costs-supplies and upkeep, printing, advertising, paying employees-which puts that money right back in the community...
...long slide. At least, it had better be; if consumers start piling on debt again, we'll just have another, bigger credit crisis in a few years. But if they keep increasing their savings rate and reducing their debt loads, that's bad news for corporate profits, not just bank profits. Anybody who makes things that in recent years were bought on credit, from houses to washing machines to cars, is likely to be affected. So are stock prices. "Higher borrowing produces both higher profits and higher asset prices," writes London-based money manager George Cooper in his 2008 book...
...believe the role of the Overseer is to oversee,” Silverglate said, adding that he sees it as a “deadly” trend that organizations—both non-profits and for-profit corporations—are increasingly “being run by their administrators rather than by their boards...