Word: profitted
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Dates: during 1950-1959
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Labor was in a swivet over Old Fair Dealer DiSalle's hard-hitting state labor-racketeering bill. The measure, now before the Democratic legislature, provides fines and imprisonment for labor leaders who 1) charter paper locals, 2) use union funds for personal profit, 3) buy stock in corporations with which they bargain collectively-or have bargained with over a three-year period, 4) accept gifts from companies with which they have bargained. Under the same bargaining terms, it also sets up a maximum of a $1,000 fine and a year's imprisonment for any union member...
...sending them work in such sickening bad taste," wrote the London Observer's Critic C. A. Lejeune after seeing Hammer's Curse of Frankenstein. This hardly worried Colonel ("The King of Nausea") Carreras. Frankenstein's production cost: $270,000. Its worldwide gross: $7,500,000. Net profit for Hammer...
...Brash Kid." The eldest son of a Russian immigrant factory worker, Sam Newhouse got his first chance at turning a profit from publishing as a 16-year-old clerk for a New York judge. When the judge got control of the floundering Bayonne (N.J.) Times, he gave Newhouse a try at running the show. Within a year Newhouse had whipped the Times into the black ("I guess I was a pretty brash kid"). In 1922 he drummed up $98,000 and bought the Staten Island Advance...
...cars (though only Chevrolet, Ford and Plymouth dealers, of which Rambler has practically none, are expected to). Romney hopes that his hard core of 2,800 dealers will stick with Rambler. During the industry's 1958 slump, Rambler saved many of them; last year they made a 2.8% profit on their total sales v. .2% for the average U.S. dealer. Another reason for holding on: Rambler has a current resale price advantage of from $99 to $191 over a same-year Chevrolet, Ford or Plymouth...
Auto Bigamists. In the upcoming battle Romney will have one great advantage that the Big Three cannot match: his low break-even point. He can turn out considerably fewer cars than now and still make respectable profits. In its last fiscal year American Motors netted its $26 million profit on sales of only 169,000 units. Ford and Chrysler together, on the other hand, sold 1,429,000 cars in the first nine months of 1958-and lost $61 million between them. Romney can also count on financial backing from his Kelvinator appliance division, which he has thoroughly overhauled; Kelvinator...