Word: profitless
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...CRIMSON also alleges that a patent in the public domain will be profitless. This is a half-truth, and very misleading. There are two stages in the economic progress of an invention. To say that a firm will not produce the invention profitably without a patent is absurd, it is the equivalent of saying that Grand Union will never build another store because A. & P. will build one across the street. It is likely that a patent in the public domain will speed up the time lag between invention and widespread use, by rewarding the firm that produces the product...
...shares or less per customer and only the favored few got their piece of space. But professional Wall Streeters generally stood aloof, willing to sell it but not so willing to buy. Comsat might become the bluest of space-age blue chips, they said, but that was many profitless years away...
Buddha dismissed the ultimate philosophical questions, such as the finiteness or infinity of the world, as profitless speculation. But he took over from Hinduism the concept of the endless cycle of life, in which a man might be reincarnated as anything from a noble elephant to a lowly spider?depending upon the merit of his previous life's deeds. As a kind of cultivated escapism for the individual who masters the drill, Buddhism has been dismissed by some Westerners as Freudianism in reverse: a systematic elimination of the ego so that anxiety has no place to roost. Originally, Buddhism...
...private fortunes, they then began to build their industrial pyramid, swapping the cash or shares of one company to win control over others or using shares as collateral for loans to buy other companies. As they got control of each company, they quickly closed down or sold off profitless operations, expanded the money-making ones, chucked out many incumbent executives and consolidated management at the top of the pyramid. Though the three work as a team, they have no central office, seldom meet together, and plot their strategy mostly over the telephone. Muscat is the leader and operating chief...
When Roy Marcus Cohn at 32 bought control of Lionel Corp. in 1959, he was something like a little boy with a big toy. He switched the profitless model-train maker into everything from electronics to parachutes, brought in former Army Missile Chief John B. Medaris as president. Lionel turned into the black in 1960, but then some of Cohn's costly schemes began to sour. The company lost $2,500,000 in 1961, another $4,000,000 in 1962; Cohn shucked off several of the new subsidiaries and eased out General Medaris. Last week the word went...