Word: profits
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Dates: during 1950-1959
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...refugee came Communist John Santo, once an officer of the C.I.O. Transport Workers Union, who sailed from the U.S. in 1949 to escape deportation. Before he departed for Hungary, where he became a government official, Santo had hurled a final diatribe: "Rulers" are riding the American people to the profit of Wall Street, using "labor lackeys and traitor agents" to "turn back the tide of history." Escaping Hungary Santo told New York Herald Tribune Correspondent Barrett McGurn that he hoped for "asylum in my own country -America" where he would "take my chances with the American system." No longer...
...A.F.L.-C.I.O.'s Walter Reuther, a longtime Nehru admirer, cabled a bitter protest at India's stand. Nervously, Nehru's own Foreign Office warned him that by equivocating on Hungary he was jeopardizing his position in the Asian bloc, and reducing the likelihood that any profit would come out of his forthcoming trip...
...dominant theme of the new conservatism is that businessmen and corporations must shoulder a host of new re ponsibilities, must judge their actions, not only from the standpoint of profit and loss or the balance sheet, but of profit and loss to the community. "Business today," says U.S. Chamber of Commerce President John S. Coleman, "views its own work through the eyes of the community and looks to the total welfare in terms of the long pull. Instead of resisting change, the new conservatism plays a creative role in directing it." Thus the progress of the corporation is inextricably linked...
...running a big company is more nearly like that of a public official than that of a traditional business owner or manager." The modern manager has no less an obligation to provide steady jobs, good wages and advancement opportunities for his employees than he has to make a profit for his stockholders...
...average top executive spends up to one-third of his time on community projects (TIME, Sept. 24), expects his subordinates to follow his example. While businessmen had to be forced under protest to adopt measures such as the guaranteed annual wage and pension funds, they have voluntarily introduced profit-sharing and stock-purchase plans, launched vast human-relations programs that give the employee all manner of benefits from psychiatry to symphonies...