Word: profiteering
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Dates: during 1970-1979
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According to Cabot, however, moral and social questions do filter into the profit-oriented minds of the Harvard Management Company through its ties with the Corporation and the ACSR. Harvard Management is aware, Cabot says, that when corporations face social problems they very often will face related financial problems...
...million); of a stroke; in Manhattan. A shy 5 ft. 2 in. dynamo who said that not being noticed "is the advantage of being a shrimp," Newhouse got big in newspapers quietly. Beginning in 1922, he acquired a succession of rundown papers and turned them into a string of profit makers that stretched from Alabama to Oregon. In the 1950s he started buying already lucrative properties, among them Conde Nast, publisher of Vogue. His family-owned dominion (he had all the voting stock) now encompasses 29 newspapers (biggest: the Newark Star-Ledger and the Cleveland Plain Dealer), seven magazines, five...
...selling could soften future markets. The company will launch its 1980 models on Oct. 12, and there is always the danger that the drummed-up demand now could take away from sales of the new cars. Also, the discounts being offered to buyers and dealers are so large that profit margins on each sale are small...
Since Brazilian law prohibits a corporation from profiting from the many services necessary in running a community, the Jari enterprise must give away or sell at no profit a large range of services and amenities. It operates a supermarket where goods are sold at just above cost, provides free meals to employees in company cafeterias and runs an air shuttle service that charges no fares...
...AMOUNT OF FINESSE in style, however, could mask the coarseness and presumption of Chysler's plea. The goal was an unprecedented tax credit, carved out just for Chrysler, that would have let the company count its losses as profits--allowing it to deduct the cost of capital improvements from its federal taxes, something only profitable companies are normally allowed to do. If Chrysler failed to turn a profit again, its losses would become the government's losses, a neat trick by anyone's standards. Chrysler's strategy for achieving this goal was a mixture of guilt-tripping and blackmailing...