Word: profits
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Dates: during 1950-1959
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Alfred Lawson fixed the committee with a steady gaze and nimbly dodged a barrage of questions from Michigan's Senator Blair Moody. How much had the machines been sold for? "I don't know. I never go in for figures at all." Had Lawson made any profit on the deal? "Profit? Why no. What profit could I get out of it?" What courses were taught at the school? "Well, they teach Lawsonomy." And that deals with mechanics? "[It teaches] the knowledge of life and everything pertaining thereto, and that takes in mechanics." Finally Lawson got exasperated...
...raised $3,000,000, trimmed a $4,000,000 RFC debt to $1,500,000. He also landed a backlog of $3,500,000 in defense orders (aircraft tachometers, compasses, etc.). With Waltham selling on the New York Curb at 2⅜ last week, Sachs already had a paper profit of some $850,000 on his $100,000 gamble in Waltham...
...American Airlines. In 1941, Colonial hired him as its top maintenance man. As president, he succeeds Alfons Landa, who took the job on a fill-in basis when Sigmund Janas resigned under fire from the CAB (TIME, July 2). Last week Landa reported that Colonial had a 1951 net profit of about $213,000 v. a $310,000 loss...
...scarcely knew which way to turn. Where ever would she get hold of ten copies of Ten Nights in a Bar-Room, and What I Saw There-the 19th century's gruesome lost-weekend tract? Unless she did, her two school libraries might never be able to profit by the $25,000 left in trust by the eccentric old ex-schoolteacher, Samuel Schoonover. An ardent, lifetime Prohibitionist, Schoonover had stated, in effect, in his will: no Ten Nights, no bequest...
Willkie agreed to a $60,000-a-year salary at Kingan because, he said, the job presented a "challenge." It did, in more ways than one. He found that his patient's profit margin was critically low (1½%). He decided to develop high-profit specialty products such as precooked ham loaf, meat spreads and sausages. Willkie also advised a streamlined administration, a big research program, improved sanitation controls and a heavy advertising campaign. The old guard objected to many of Willkie's expensive ideas. Says Willkie: "From the very outset, I [was] blocked and interfered with...