Word: profits
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Dates: during 1950-1959
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...list for the satellite countries. The Eastern Europe gimmick is to buy strategic materials in the West and freight them to the Chinese at top prices. Each day free world generators, machine tools, and petroleum equipment are raced across the Trans-Siberian railroad to the East, all via the profit making of the middle men in occupied Europe...
...still in the doldrums. With production running well below 70% of capacity from July through September, U.S. Steel's earnings slipped to $44,323,860, v. $61,706,264 for 1953s third quarter. Republic's earnings dropped 26.7%, to $10,302,001; Youngstown Sheet and Tube profits tumbled almost 45%, to $4,474,003. But Armco Steel Corp. held its own, turned in a profit of $10,167,361, or $1.95 a share...
...about good management, which was Martin's sorest need. He boosted morale by giving his top-management men leeway to make their own decisions, thus speeded up lagging production. To reward them, Bunker set up plans for bonuses and stock options. (Bunker himself has a $1.4 million paper profit on the option he got to buy 70,000 shares of Martin stock at $9.75 a share...
...live up to his promises to rehabilitate the New York Central, Robert R. Young has chopped costs, closed down maintenance shops, and ruthlessly cut the payroll on his railroad. Result: a net profit of $1,100,000 for September. Last week Bob Young laid aside the stick in favor of the carrot. To the Central's $100,000-a-year President Alfred Perlman, Chairman Young offered a stock option deal. Under the ten-year deal, President Perlman will be able to buy 32,000 shares of Central stock at $19.87½ per share, 75? above the current market price...
...Republic, and selling Follansbee's inventories for another $3,090,000, Richmond would reduce his net outlay to a mere $666,215. Richmond would also receive a tax refund of $970,000 due to Follansbee for 1952-53 losses, giving him a cash profit of $303,785 on the series of transactions. And he would still own the balance of Follansbee's properties, including the Federal Stamping & Enameling Division, which has a book value...