Word: salesmen
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Dates: during 1950-1959
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Just like any salesmen, TIME agents have their problems. Francis Tokar of St. Bonaventure University reports: "I had been trying to sell a TIME subscription to a certain student for weeks. I finally wound up lending him the money to buy the subscription, and he left school without returning it. At long last, however, he did send a money order to cover the old loan." At Seton Hall University, Agent Irving Blau was stumped by a fellow student who refused to subscribe because TIME hadn't mentioned the remarkable Seton Hall basketball team. "However," says Blau, "the very next...
...needs 10,000 to 12,000 dealers to get a sufficient share of the appliance market to keep its factories running. The cost of reaching them is often more than one producer alone can afford. Thus a distiller estimated that he would have to employ a minimum of 75 salesmen and invest $500,000 to $1,000,000 to service the more than 32,000 liquor licensees in metropolitan New York alone, a job that an independent distributor was already doing for him much more cheaply. Nevertheless, on a few big ticket items, such as automobiles, big savings...
...Salesmen and executives who have traveled the expense account road to the good life were tripped up last week. A U.S. tax-court decision held that a businessman may deduct the price of his own meal, while entertaining, only to the extent that it is higher than what he usually pays. Said the court: "When a taxpayer in the course of supplying food or entertainment . . . includes an amount attributable to himself or his family . . . the costs . . . are ordinarily and by their very nature personal expenditures forbidden deduction . . . Nondeductibility of personal expenses may be overcome only by clear and detailed evidence...
...drum up sales, Cravens sent 20 RFC salesmen out on the road and negotiated with investment banking houses to underwrite the sale of $65 million worth of Baltimore & Ohio Railroad bonds. Cravens also hoped to get banks to form a national syndicate to take over most of the 4,327 business loans of less than $200,000, which would take too long to sell...
...does the idea of colontea on Mars, and trips through the outer space. But perhaps the committee has overstated its goals for Plan B, much like the salesman who quotes a price twice as high as he is willing to accept. For in a sense the Committeemen are salesmen trying to sell new ideas to a department dominated faculty that is high on sales resistance." Then, quoting a Yale administrator as saying departmentalism "is at odds with innovation and experimentation," the News called the report "the first encouragement that the departments' stranglehold on some aspects of faculty life will...