Word: profits
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Dates: during 1960-1969
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...viewpoint of business, profit is the end, and public service is the means." Ford said. "We will need to present genuinely equal promotion opportunities, not only for blacks, but for women andthose without college degrees, he added...
...largest building block in the Kennedy fortune is Chicago's huge Merchandise Mart, the world's biggest commercial structure. Joe Kennedy acquired it in 1945 for just under $13 million, and turned what seemed a gigantic white elephant into a stupendous profit maker. It is now valued at $75 million...
...admirals also suspect that they have been victimized by the practice of "buy-in," long familiar to the aircraft and electronics industries. A company "buying in" enters a low bid to get a military contract, then submits enough overrun claims later to turn a handsome profit. The Navy, too, is guilty of a form of buyin. It submits to Congress fairly low requests for funds, then returns for more to pay for overruns...
That opening line in Northeast Airlines' 1968 annual report ought to win a corporate-euphemism award. Almost since its first flight in 1933, Northeast has been a kind of New Haven Railroad of the skies. It made a profit only once in the past twelve years-in 1966, when a strike grounded competitors. Otherwise, it lost up to $10 million annually. Last week, however, "The All-Steak Airline" became a pioneer of sorts. After numerous unsuccessful efforts to sell Northeast, Storer Broadcasting Co., which owns 86% of the stock, induced Northwest Airlines to take it. The merger would...
...stock, worth about $35, for five Northeast shares, which traded at a total of almost $70 just before the announcement. Individual shareholders in Northeast will take a drubbing, and they have started to organize and protest; but even at the fire-sale price, Storer will get out with a profit. It has put $35 million into Northeast, and will receive Northwest stock currently worth around $38 million, plus a Northwest promise to repay with interest a $10 million Storer loan to Northeast...