Word: shrewdly
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Dates: during 1940-1949
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...collapsible corporation, supposedly invented by Sam Goldwyn, had looked like a shrewd device to get around sky high taxes. A producer simply set up a corporation, made a picture and either sold it to a major studio at a fat profit or made the profits by arranging for distribution himself. Profits in pocket, he then dissolved the corporation. Instead of paying income taxes, which ran up to 90%, the producer paid only a capital gains tax of 25% (TIME, Nov. 5, 1945). Result: independent producers had sprouted so fast that by last week, when the blow fell, almost half...
Cultural Commander. Cugat's first shrewd step in 1927, after a turn as a cartoonist for the Los Angeles Times, was to join Vincent Lopez' orchestra. ("It was tough. I had never been in a dance hall in my life. I had lots to unlearn about music.") He soon unlearned enough to collect six Spanish musicians and book himself as a relief band in Los Angeles' gaudy Cocoanut Grove. Bashful couples were afraid of his Latin rhythms, so he hired a half-dozen tango experts to whirl unescorted ladies around the floor ("If women learned, their...
...Morgan is a shrewd, even-tempered aviation expert whose simple success formula is: "The way to get things done is to get along with people." This time he was the man who had not been able to get along with Trippe. He had felt that Trippe was hurting Pan Am by: 1) going back on his promise to hire a top operating man; 2) plumping for his monopolistic Chosen Instrument...
Noting that one Mollie Alpiner, the store's buyer of knit underwear, was as shrewd and diligent a worker as he, Charles Netcher married her in 1891. They had four children (none of the three still living has any interest in the store), but business came first. Once Mrs. Newbury commented: "We talked business just as other people talk love...
...coal dealer, Noble was selling advertising back in 1913 when he saw an opportunity to make some big money. With a partner, J. Roy Allen, he bought the Life Savers business for $2,900 from a chocolate manufacturer who had no confidence in Life Savers' future. By shrewd advertising, they put Life Savers into the mouths of 100,000,000 people. By 1925, Partner Allen was able to retire with $3,300,000; in 1938 Ed Noble's Life Savers was valued...