Word: profits
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Dates: during 1960-1969
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...high has the score mounted that over the past decade the insurance industry has suffered auto liability underwriting losses (the amount by which claims and expenses exceed premiums) of more than $1.1 billion. Only when investment income is included in their book keeping do auto insurers generally show a profit...
Furthermore, they note that Harvard, as a non-profit institution, is not bound by Massachusetts Fair Labor Laws and would not have to abide by the decision in a state-run election...
...some of its terminals, the company's non-bus operations are growing with greyhound speed. While transportation revenue has grown by 21% since 1962, Greyhound's other businesses have nearly quadrupled, last year accounted for 26% of Greyhound's record $546 million income and $47 million profit...
...chosen bargaining agent of these workmen, the strike would be justified. Harvard contends that it will wait for the results of a state-run election to determine the bargaining agent for the BGMA men. Such an election is perhaps a year away, and even then Harvard, as a non-profit institution, is not legally bound to recognize whatever union is declared the winner by the Massachusetts Labor Relations Board...
...interview Wednesday, Elder contended that there could be no parallel between the teaching fellows' status and a labor-management situation. He pointed cut that Harvard is a non-profit organization with no pool of profits to distribute, and that teaching fellows are serving a kind of apprenticeship before they move on to higher-paying jobs...