Word: profitted
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Dates: during 1950-1959
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...Eisenhower advised political moderation. Said he: "If we believe these people acted for what they thought was the best good of the cause for which they were fighting, of their country, well, then, let us take and lay the thing out dispassionately so that we, in our turn, may profit from their mistakes." With talk about a new four-power conference reaching a high pitch, the opportunity to profit seemed to be great...
...find, ideas scarce, and decisions difficult to make. ("This government," said one of the U.S. officials anxiously trying to help, "is stuck together by Scotch tape, bits of string and putty.") The French, striving to maintain by fair means and by sly means a remnant of influence and profit in the land they have exploited for seven decades, obstruct him with the wily rearguard maneuvers of colonialism...
...example, they totaled only $4,000,000, and even since World War II, when opportunities for capital gains have been plentiful, the returns have been comparatively modest (an estimated $1.5 billion last year). A big reason is that the capital-gains tax is paid only when the profit is actually realized...
...Wolfson had 1) milked Washington's Capital Transit of its cash surplus "at the same time he reduced the service" and got five fare raises to avoid losing money 2) swapped stock of his Merritt-Chapman & Scott Corp. for stock of his New York Shipbuilding Corp. at a profit of $816,000, and 3) permitted his family-controlled companies to make money selling supplies to publicly owned companies he controls...
...said that he had raised Capital Transit's annual earnings from $332,000 to more than $1,000,000, eliminated its funded debt. He said he made not $816,000 but considerably less on the Merritt-Chapman & Scott-Shipbuilding stock swap, and anyway, it was all "paper profit." Yes, his firms bought from one another, but only when they were the bona fide low bidders. Actually, such purchases amounted to only 1.75% in the case of New York Shipbuilding and 75% for Merritt-Chapman & Scott. Charged Wolfson: Montgomery Ward is "the poorest managed and operated corporation in America with...