Word: profiteered
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Dates: during 1950-1959
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LOUIS WOLFSON, who bought control of Washington's Capital Transit in 1949 for $2,189,160, milked it, then lost its franchise when Congress got angry about a 52-day strike, may reap even more than an estimated $5,300,000 profit for himself and his group. National City Lines of Chicago has offered to buy Capital for $13.4 million, and if deal goes through, Wolfson will receive $56 on each share for which he paid $20, emerge with a $9,500,000 total profit (before taxes), a whopping 332% return...
...full year before the Pilgrim Fathers landed at Plymouth. The early settlers saw nothing immoral in slavery, since many a white was himself an indentured servant and little better off. Economically, slave labor was on the way out when Eli Whitney invented the cotton gin and made it profitable to keep huge tracts of land in cultivation. Even so, a rich planter might clear no more than a 1% profit annually. A representative weekly food ration for a slave was "a peck of meal, three pounds of bacon, and a pint of molasses." The housing rule of thumb...
...chewing-gum maker (after Wrigley, American Chicle). The merger, still to be formally approved by directors and stockholders, was a logical move for both companies. Life Savers was eager to expand. Beech-Nut, which also makes baby food, coffee and peanut butter, had been unable to fatten its profit margin: only $3,747,000 last year, about 4% on $91,084,000 worth of sales, v. Life Savers' 13.5% net on a $20,382,000 gross. Said 73-year-old Edward John Noble, Life Savers' executive-committee chairman: "We're both going to earn a great deal...
...business. Noble plans other economies. For example, Beech-Nut, which started out making hickory-cured ham in Canajoharie, N.Y. 65 years ago, has had an increasingly tough job competing in food lines with such giants as General Foods, Standard Brands and H. J. Heinz, could branch into higher-profit products. Bubbled Noble last week: "This will be one last fling...
...next Negro at Alabama must profit by the mistakes, however, innocent, of Miss Lucy. Probably another student should not be admitted alone, for this gives extremists an opportunity to focus their attack. One Alabama professor suggested admitting around fifteen middle-aged Negro school teachers who could scurry about the campus in fifteen different directions...