Word: profits
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Dates: during 1950-1959
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Truman went on to examine the "facts" of the industry's profits (see BUSINESS). They were high enough, he insisted, to absorb the full cost of the union's demands. He did not mention other facts: that the profit figures he used were profits before taxes; that the union shop was one of the major stumbling blocks in the whole dispute. Instead, in his best (or worst) fighting style, he let the companies have...
...francs. Wasn't that estimate a little high? the engineer in charge was asked. He shrugged his shoulders and stared riverward with a look peculiar to dedicated treasure hunters. "If we find just 200,000 gold francs, we break even," he said. "All the rest will be clear profit...
...afraid of 'dirty words' [like] 'profit and stockholder' . . . What the hell? Profits and stockholders exist don't they? The readers know they exist and all of 'em like both profits and dividend-paying stocks...
...last week, Eaton had the latest laugh. Manhattan's U.S. court of appeals ruled that Eaton's contract was, indeed, invalid. In its prospectus for the issue, said the court, Kaiser-Frazer stated its earnings in such a way as to represent that it had made a profit of about $4,000,000 in December 1947. "This representation was $3,100,000 short of the truth." This failure to make full disclosure not only "violated the Securities Act of 1933" but was "a breach of the contract," even though Otis & Co. had all the facts and had helped...
...There is reason for deep concern," American Airlines' C. R. Smith advised the Civil Aeronautics Board. In less than a year, the company's operating cost per revenue ton-mile jumped 27%. Its net profit for 1952's first quarter was $628,000, compared to last year's first-quarter net of $2,915,000. All the other big lines told CAB the same story; all wanted to raise their fares. Last week CAB authorized a $1 hike on all airline tickets, whether for a 50-or a 3,550-mile trip. Estimated cost...