Word: profitted
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Dates: during 1950-1959
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...recent speech sounding remarkably different from the rabble-rousing Perón of yesteryear: "We may get some results if we try to persuade people to produce more by appealing to their national spirit and ethical principles. But we get better results if we include the stimulus of profit . . . To improve the standard of living, we must work harder to produce more...
...beat of the boom, he is a key man in Latin American politics. But though the hard-driving President keeps a firm hand on the wheel, it is Venezuela's fabulous oil wealth, coming in an ever-faster flow, that powers the boom. Under a sense-making profit split with the foreign companies that produce petroleum, the Venezuelan treasury gets about $1,500,000 a day in one form or another. What the money does is downright wondrous...
...must be flown in at tremendous cost, the Algom property has access to good transportation. Miners guess it will cost Hirshhorn less than $10 a ton to get the Algom ore out, and the government is reported to be paying between $18 and $20 a ton for it. Estimated profit to Algom under the contract: $100 million. And that, says Hirshhorn, is only the beginning: "We're thinking in terms of 50 or 60 years. Our indicated reserves are worth between $2 billion and $3 billion. I'm just sittin' on eggs, waitin' for them...
President Henderson has expanded a three-hotel combine into a $165 million string of 31 hotels, by buying such stately old structures as Boston's Copley Plaza and San Francisco's Palace, changing their names and, by more efficient chain operations, their profit picture. His latest purchase, for $5,000,000: Los Angeles' Town House, which Conrad Hilton sold to Oilman Roy Crummer in 1953. (Hilton will continue operating it under Sheraton ownership until next October.) The results of Sheraton's expansion have been so good that a share of Sheraton stock bought...
...rash of new hotels" in the U.S. Says he: "With the population growth and the increasing patronage of hotels, the price per room tends to rise, and will soon reach a point at which a hotel builder can go in, do his own financing and make a profit." Henderson himself expects to build ten new hotels in the next ten years, and see Sheraton's assets grow another $100 million...