Word: profitted
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Once a profit was in sight, Crowell-Collier President Smith set to work to bring in badly needed new capital. He laid his financial problem before Manhattan Broker Edward L. Elliott, who found him a group of 26 big investors, including Chicago Financier J. Patrick Lannan (see BUSINESS). The Elliott group agreed to buy $3,000,000 worth of new Crowell-Collier debentures, convertible to 600,000 common stock shares (at $5 a share). It also took an option to buy half the 400,000 shares (26% of outstanding stock) held by the late Joseph Knapp's Publication Corp...
...disks, plows, subsoilers, harrows, planters and bed-shapers, besides the cost for water and labor (up to 90 field hands during harvest). But his yields are immense: 200 crates per acre of sweet corn, each crate holding five dozen ears, and tomatoes that net a steady $500-a-year-profit per acre. On his relatively small ranch he grosses $100,000 a year. "In a good year," says Rancher Sakemi, "my profit margin has hit as much...
Cowan began his career as a producer in 1940 with the Quiz Kids, which ran for 14 years, earned him an annual profit in six figures. After the war, when Americans were hungry for domestic goods, he produced Stop the Music, the most lavish of the giveaway shows (refrigerators, washing machines, etc.). In between, he headed up the New York office of the wartime OWL As a personality, Cowan is a paradox: a soft-spoken huckster with a Ph.B., who is more apt to recount his failures than his successes...
...Originally, the term was coined in the robber-baron days of the late1800s and bore connotations of watered stock, rigged markets, stolen company assets. Today, some businessmen use the phrase to describe shrewd investors who snap up an undervalued company with the idea of liquidating it for a quick profit; others apply it to investors who take over such firms and ram through drastic changes to improve the properties and turn in bigger profits. The phrase has been applied to Robert R. Young, Louis Wolfson and Patrick McGinnis-to anyone, in fact, who starts a proxy fight, whether for good...
Behind the scenes, hundreds of other companies-in every industry-are changing hands. They are being taken over by a new breed of profit-minded investors, who are dissatisfied with professional managers (often owners of only a small stock interest) and want to direct the firms themselves. To some businessmen the new trend is bad; they call such investors "destructive opportunists," "mortuary millionaires" who kill off companies to pocket their assets. But to a good many other businessmen the take-over trend is all to the good. They argue that it is sparking a resurgence of stockholder interest in management...