Word: profits
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...majority of the world's sock supply comes from countries such as China and Vietnam where labor costs are low. Five years ago Kim opened a factory in Qingdao in northeast China to combat intensifying competition from Chinese garmentmakers, but that move wasn't enough to keep his profit margins from eroding. In 2005, he grabbed for an economic lifeline: he became one of the first investors in the Kaesong Industrial Complex, a special economic zone in North Korea that lies just across the Demilitarized Zone (DMZ), 50 km north of Seoul. Kaesong is a symbol of South Korea...
Harvard has recently come under attack from preservationists who are concerned that it may sell a 99-acre tract of land in Hamilton, Mass. According to local advocates, Harvard has been involved in talks with a non-profit, the Trustees of Reservations, that has expressed interest in buying the land, which is part of University holdings known as the Harvard Forest. Part of the dustup revolves around Harvard’s fidelity to the bequest that deeded the land to the University in the first place. It specifies that the tract be maintained as an “experimental station...
...Meanwhile, the Cigna Corporation estimates that in 2008 it will earn over $1.15 billion in profit; its Chief Executive Officer, H. Edward Hanway, took home a personal salary of $28.8 million in 2006. That is enough to pay for over 70 liver transplants...
...Auction; in October his four-year-old company fetched $6.89 million at a Singapore sale of contemporary and modern Southeast Asian art. The figure was just $200,000 less than the highest figure taken at similar sales by venerable auctioneers Sotheby's. "I do break even and have a profit," says Andreas with a lopsided grin. "Otherwise why should...
...John" is a frequent shout from the crowd - are America's CEOs. "I see the CEO of one of the biggest health insurance companies in America making hundreds of millions of dollars last year in one year. I see Exxon Mobil making billions and billions of dollars in profit, record profits. The top 1% of Americans are taking twice as much of America's income as they did 20-25 years ago," Edwards told supporters in Fort Madison today. "The biggest corporations have an iron-fisted hold on your democracy...