Word: profits
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Dates: during 1950-1959
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...committee, preferably headed by a "money man," with the emphasis on "safety." Since the great days of expansion are over, argues Shaw, the corporation must hang on to what it has. It is the money man who can best squeeze out the last penny of profit, notably by knowing all the tax angles. Says Shaw: "A new accounting procedure [for taxes] . . . will contribute more to our net earnings than the total profit we'll make from one of our smaller factories...
Cinemogul J. Arthur Rank, Britain's leading producer-exhibitor, told a London court last week that his film empire lost money at the box office in the last twelve months. What saved the year: a profit of ?1,151,000 ($3,222,800) on ice cream sold to moviegoers...
Sellers and distributors want the nickel or so profit they can pick up on 25-cent reprints. The crusading spirit, the desire to quelch this net of understated but forceful censorship, does not draw its strength from this group. These men are all too willing to cooperate, and one can hardly blame them. Profit and not principle is their bread and butter...
...growing geophysical skill, Jacobsen and De Golyer were so confident of finding oil that when Louisiana Land & Exploration asked them to "shoot" (i.e., prospect) its holdings along the Louisiana Gulf Coast, they took the job for cost, took stock and mortgage bonds in the company as Amerada's profit. Soon after, Amerada bought $95,000 of Louisiana Land stock. They found so much oil that Amerada's $95,000 investment is now worth $11 million, and has paid $4,365,850 more in dividends...
...able to take bigger & bigger risks, and, as he says, "We were lucky." But other companies that had the benefit of the same geophysical methods found little but dry holes. Amerada's greatest luck seemed to be the fact that it had Jacobsen. Amerada's net profit rose from $1,147,207 in 1932 to $16,296,652 in 1951. Its estimated oil reserves rose to 500 million bbls., without counting the hundreds of millions more that may be in the Williston Basin...