Word: profitted
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Dates: during 1950-1959
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...breed of socially conscious U.S. executives, Charles Harting Percy, youthful (39) president of Chicago's camera making Bell & Howell Co., is perhaps the most fervent preacher of the thesis that "the responsibility of business goes beyond making products for a profit." Businessmen are also obliged, says Percy, to serve society. While running Bell & Howell, the world's biggest producer of motion-picture equipment (1958 sales: $59 million), cleft-chinned Chuck Percy has found plenty of time to serve society. He sits on the board of the University of Chicago ("I am a better businessman for getting my head...
...company's 3,741 employees, Percy has brought in profit sharing and expanded promotion possibilities...
Drastic steps may be necessary to restore economic health. Neither a subsidy nor a public utility, the U.S. daily press is free private enterprise, and owes its existence to the profit margin. "The question is," writes Hartford Courant Editor Herbert Brucker in the Saturday Review, "will the cost squeeze continue its ravages until even those newspapers that enjoy a monopoly can no longer survive?" At last week's A.N.P.A. convention, no one had the answer. And the number of newspapers kept going down: in the last eleven months competitive papers had sold out to leave Tampa, Grand Rapids...
...pressure in a steam boiler by plugging up the safety valve." The real cause of rising industrial prices since the war, charged Blough, is rising employment costs, which now "represent more than 75% of all costs." Furthermore, said Blough, the O'Mahoney bill would "diminish still further the profit incentive," could lead to "the destruction of the greatest industrial machine the world has thus far known...
...accounting systems differ; dangers of nationalization and freezing of capital still lurk in some countries; many European companies have yet to adopt the U.S. attitude that the stockholders have every right to look at the books. In Leverkusen, West Germany, the analysts spent two futile hours trying to get profit and sales information from reluctant officials of the big Bayer chemical company...