Word: reinvest
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Dates: during 1950-1959
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...acceptance of responsibility by the working force and a realization that lower labor costs, while presently inequitable when compared to other industry in the area, are a necessity. Management's demand for a wage cut, on the other hand, must carry with it the responsibility on its part to reinvest profits in new machinery that will reduce costs, raise a worker's productivity, and, thereupon, enable wages again to rise. Charles C. Townsend...
...real estate. Its main stock in trade is the "face-amount certificates," which are given to the participants in its various savings plans after payments ranging from six to 20 years. Once the certificates are cashed, I.D.S. gets back about one-third of the money, on average, to reinvest in more certificates or one of three mutual funds it operates. Through these-Investors Mutual, Investors Selective Fund Investors Stock Fund-it owns $386 944 -ooo worth of U.S. securities, second only to Massachusetts Investors Trust (TIME April 9, 1951) in the mutual-fund field...