Word: profiteered
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Dates: during 1970-1979
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...When the producers asked permission to film here," Bernardi explained, "they raised the possibility that the University might be paid. But we told them. 'We don't want to profit from this venture of yours. We don't want to be seen as the sponsors of it.' Hence our present attitude [of noninvolvement] is quite consistent with the position we took when first offered compensation or screen credits...
...city government, start economic planning, adopt up-to-date budgeting methods, hold municipal salaries to cost of living increases (municipal salaries in Cambridge are among the highest in the state and comprise about 70 per cent of the city budget), give top priority to keeping existing industry, urge non-profit institutions to make greater in lieu of tax payments, and join other cities and towns to lobby for more favorable state aid and distribution formulas for urban areas, and for a greater commitment of help from the Federal government. The property tax is regressive and distorts all planning priorities...
...rented vehicles that are hard to trace. A few unscrupulous operators have even been known to recruit willing mojados, load them into a waiting vehicle at $250 a head, and then renege on the contract by dumping them 15 miles north of the Mexican border for a tidy profit with no risk involved, since their victims can hardly complain to the police...
...taking over CNA, Gulf management hopes to buy a form of profit insurance. Kuwait, from whose oil fields Gulf gets more than half its worldwide crude supply, put curbs on production last year, and Gulf has been seeking ways to cushion the blow. Taking over CNA would also be attractive for other reasons: Gulf has a lot of excess cash on hand that could be used to greatly expand the insurance company's operations. The special tax benefits that Gulf enjoys as an oil company could provide a tax shelter for part of CNA's already considerable profits...
...recent years, however, Granatelli increased his already astonishing promotional spending to offset the impact of charges that STP additive was of little, if any help for engines. Though the company's sales rose slightly in 1972, net profit skidded by $1.7 million, to $6.7 million. Granatelli was drawn into open disagreement with his fellow directors, especially Ruttenberg, who argued unsuccessfully for a cutback in the costly ad budget. Apparently Ruttenberg seized the opportunity to persuade the board to dump Granatelli after a preliminary company report estimated that third-quarter earnings would again be down sharply-even though most...