Word: profiteered
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Dates: during 1950-1959
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...keep his empire expanding, McMahon during the last two years has spent almost as much time in Texas, Wall Street and Washington as in Calgary. No man to overlook a good investment wherever he is, McMahon helped back two Broadway musicals (Pajama Game, Plain and Fancy), turned a fat profit on both. Last week Millionaire McMahon took time off to be married to onetime Hearst Columnist Betty Betz, 36 (each for the second time), whom he met two years...
...General Robert E. Wood, 76, announced that he will resign this month, after 28 years as chairman of Sears, Roebuck's Savings and Profit-Sharing Pension Fund, which under his guidance has grown from $70 million in assets to $860 million. It has helped Sears clerks and truck drivers retire in affluence, holds 25.4% of Sears stock. Two years ago Wood resigned as board chairman, but remains a Sears director, chairman of its finance committee, and a director of half a dozen other companies...
...more than is good for him. He has no intention of taking any of the posts he is offered, since he is very well placed already, thank you. But these weekly outings have become a hobby with him. He is learning to live graciously off other people's profit...
...wrestled BOAC, Britain's state-owned airline, out of its postwar tail spin stepped away from the controls last week with a blast at "irksome political interference." After turning a 1948 loss of $30 million into a 1954 profit of $4,000,000, Sir Miles Thomas, 59, quit as BOAC chairman and chief executive...
...Miles last week: "I was tired of being the whipping boy of some politicians. You can either have a competitive airline using the best available equipment, or you can have a shopwindow for British aircraft. But if you choose the second alternative, you must not expect to make a profit." For too long, said he, Britain's aircraft industry has been "looking too hard at the stars and tripping over its own feet," has done too much "talking about tomorrow's jam instead of concentrating on today's bread and butter. The time has come to build...