Word: profits
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Dates: during 1960-1969
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Even then, Douglas was in a downdraft. Part of the trouble was that strong-willed Donald Wills Douglas Sr., now 74, had waited too long to move into commercial jet transports; the DC-8 lagged a year behind Boeing's profit-laden 707?and Douglas has yet to break even on the venture. After Donald Jr., now 49, took over the presidency, the company grossly underestimated both the demand and costs for its 90-plus passenger, twin-jet DC-9. Labor and parts shortages snarled production lines, and as a result Douglas lost at least $600,000 on each...
...going over the cost of Xerox copies of company documents. To inhibit gabby long-distance telephone calls, he gave his aides three-minute egg timers. Yet Missouri's largest employer spends lavishly where it counts: on new technology. Since the company's birth, McDonnell has poured 83% of its profits into research and expansion. For his reward, he has earned the steadiest profit rise of any major company in a roller-coaster business where losses come easily and disaster often. McDonnell's net income has climbed every year since 1951; last fiscal year it reached $43.2 million, 35% above...
Simon aims to make Reston a commercial success; he wants to prove that New Towns area sound commercial investment. In the process, he will do more than make a profit. He will overcome the obstacles, philosophical and material, which currently baffle Reston's critics...
...rare enough for a real estate developer, assured of huge profits from building rows of suburban matchbox houses, to show any interest in long-range planning. But Simon, an energetic, forthright businessman, is building the only "new town" in the country worthy of the name--and at a profit...
...Moral Re-Armament, Inc. is a non-profit corporation incorporated in the state of New York. Our books are on file there and they are audited by ...," Sayre and the others will say. But there is a hitch. MRA is not a usual corporation under New York law. Any non-profit organization that solicits funds in the state must file a full financial report under Article 10a of the Social Welfare Law--except religious agencies, and that is just how MRA classifies itself. As a religious agency, it is exempt from filing an annual report of its income and expenses...