Word: profits
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Dates: during 1950-1959
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...Pontiac Dealer M.H. Yager of Albany, N.Y., who testified that he had been bullied by G.M. and would show only "a small profit during 1955," actually made $81.898 in salary, bonus and net profit during the year's first ten months, even though he spent only half his time in the auto business. On an original investment of $10,000 (half of it borrowed), Yager made more than $1 in 15 years...
...booming. Says Romney: "Our appliance business is up 30% this year." For the entire company, he is hopeful about the future. Though he expects to lose money m 1956's first fiscal quarter, he expects to go in the black in the second, stay there and show a profit for the year...
...DEFENSE PROFITS will be bigger under a new Pentagon directive affecting about $3 billion worth of contracts annually, mostly for aircraft Instead of limiting profits to a flat 5/o of costs, the Pentagon will give suppliers "progress payments" as goods are delivered, include not only costs of labor, materials and plant overhead but also an interim profit ranging from 6% to 11%. Profits will be subject to renegotiation later but estimates are that they will average about...
...tell members, "What Organized Labor Expects of Management." Meany made clear that he expected the hand of friendship. U.S. labor and management, he said, "have much in common and httle, really, that they can take a different attitude about." He listed points of mutual agreement: devotion to the profit system, recognition of management's right to manage, dislike of Government interference, hostility toward Communism...
...years. At the same time, Louis and brother Dave set themselves up as middlemen. Their specialty was to figure out how to cut costs on a 10 toy. Then they would land an order, farm out the manufacturing and pocket the profit. Before he was 21, Lou Marx had served a hitch in the Army, risen from private to sergeant, and, back in civilian clothes, realized his ambition of making $5,000 a year...