Word: profits
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Dates: during 1950-1959
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With production down to two-thirds of capacity-and with ample inventory-steel management might have been expected to ride out a strike rather than cut narrowed profit margins any further. Why did the managers agree without a fight? Partly because they acknowledged an obligation to increase fringe benefits, frozen by contract since 1949. But a more significant reason was their high regard for U.S.W. President McDonald. By giving him a fat new contract without trouble, management also gave him increased prestige and power to match up against his old antagonist, C.I.O. President Walter Reuther. Said one top steel executive...
...group of British subjects helped finance a Long Island development, and excess mortgage money gave them $336,000 profit on a $3,380 investment...
...Indiana mortgage broker, who made consistent profits on federal housing deals, ranging up to $400,000 on a $50,000 investment, made no profit when he sold half an interest in a Fort Wayne apartment project for $7,500 to his good friend and penthouse neighbor, the late R. Earl Peters, then Indiana FHA commissioner...
...such gimmicks successful? Most often not, since fancy premiums and lavish advertising come out of the dealers' 24% markup on the car, not out of the manufacturers' profit...
...first game, feigned a leg injury to get off the field. The disgusted manager of the team, whose father was a produce dealer, waived Riss to him. He put Riss to work selling a carload of ripe bananas before they spoiled. Riss not only turned in a profit but in a few months was in his own produce business, with a truck and a debt of $1,060. When he made back the $1,060 in 25 days by hauling fruit from orchards and farms, the town's leading produce dealer advised him to pay off the debt. Replied...