Word: profits
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Dates: during 1950-1959
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...average 63? a ton-mile to 45?, will order them to refund some $5,000,000 on airmail overpayments dating back to 1947. The airlines were doing so well they raised not a single squawk. With the new 45? rate which CAB proposes as the actual cost-plus-reasonable-profit of carrying the mail, the Big Four will reach a historic milestone: for the first time, all were officially free of any Government subsidy...
...year, the Revenue Act of 1950 offered a partial solution to the puzzle. It permitted corporations to give executives options to buy stock at bargain prices (usually at 85% to 95% of the market price). If the executive sold the stock after holding it at least six months, his profit would be taxed at the low capital-gains rate of 25%. This meant real income for anyone in the surtax bracket. In the past year, more than 100 corporations have adopted stock option plans...
...against him, so he couldn't really put the blame simply on the G.O.P. He tried to get the same effect by concentrating his fire on two Republican amendments: the Butler-Hope amendment, wiping out slaughter controls on beef, and the Capehart amendment guaranteeing business a pre-Korea profit, which the President characterized as "like a bulldozer, crashing aimlessly through existing price formulas, leaving havoc in its wake...
...publisher and part owner stepped Hoosier-born Ralph Nicholson, 52, who has made a reputation for picking up bargains on a shoestring. In eight years, he built the rundown New Orleans Item into a moneymaker before selling it, in 1949, at a $600,000 profit. He bought an interest in the Tampa Times and its radio station, which two weeks ago he sold for $825,000 (he still controls Florida's St. Petersburg Independent...
...down from nearly 1,000,000 to 550,000, the Guild from 1,250,000 to around 700,000), the big clubs are still the richest plums in the book business. B-o-M sent out more than 7,000,000 books last year, showed a net profit (after taxes) of nearly $1,250,000. The Literary Guild, the Dollar Book Club and a group of other clubs, all owned by Doubleday, do so well that Doubleday can afford to shrug off the charge that most of the books on its own huge publishing list are utterly undistinguished...