Word: profits
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Dates: during 1950-1959
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Experts on the international career situation will be present to speak on specific areas of business, government, and non-profit organizations...
...Packard, Kaiser-Frazer-remind Detroiters that trouble in the auto industry can have something to do with bad management. "You know," says a businessman, "when we were the arsenal of democracy, there was a great premium put on inefficiency of operation. The more payroll a company had, the more profit it would make on the cost-plus arrangement. And when the war ended, there was tremendous pent-up demand for what Detroit could produce, and wartime business became even bigger." A University of Michigan economist recently warned that even after the U.S. recession is past Detroit will still have...
...Johnny died, his father wrote Death as a private memoir, but was persuaded by friends that it would inspire other parents in similar straits. Gunther has given his $25,000 in royalties from the book to children's cancer research, and Harper's has also contributed its profit. Almost ten years since the book's publication, he still gets 200 letters a year about Johnny from readers all over the world, many enclosing money, pressed flowers or a poem. Gunther and his second wife Jane, whom he married in 1948 (her first husband: Newscaster John W. Vandercook...
...that time the complaint was rejected, but Bloomberg refiled it a few weeks ago. He charged that Besso collected $1200 more than the cost of the trip from last year's passengers and that he has never refunded this excess. According to C.A.B. regulations, such flights must be non-profit. Besso, however, claimed yesterday that he had sent out refunds last month, too recently to have been discovered in Bloomberg's investigations...
...industry is that by the time red-taped CAB gets around to deciding on a fare boost, so many lines may be in such serious financial shape that they will have trouble competing. Though the industry recently got an interim 6.6% fare increase, it will only boost the 1958 profit margin to 2.6%, far less than is needed to pay for jets. Domestic carriers still need $600 million, but simply cannot make the healthy profit needed to attract bank financing. Wall Street is just as cool to equity financing: common stocks of the twelve lines are selling...