Word: write-offs
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O'Reilly was summoned to Heinz's Pittsburgh headquarters in 1971 as a senior vice president. One of his recommendations was that Heinz wipe out an unprofitable Mexican subsidiary. The move forced Heinz to take a $25 million write-off, which in turn caused it last week to...
Major Japanese companies have piled up millions of greenbacks by exporting consumer goods to the U.S., and are eager to put their treasure to work. Sony Corp. is investing $15 million in a color-TV assembly plant in San Diego that is expected to be turning out 240,000 sets...
- Robert Hansberger, 52, resigned from Boise Cascade last year after the company took a $200 million write-off, largely for unsuccessful recreational land ventures. Since then, Hansberger says, he has been too busy to look for another job. He puts in long hours as president of Futura Industries Corp., a...
Biggest Break. Muskie promised, if elected, to eliminate three corporate tax breaks-accelerated depreciation, investment tax credits and intangible mineral drilling cost deductions-and to "cut down" the oil and mineral depletion allowance. Actually, the first two became effective part way through last year; thus they had little effect on...
Dean Jones has asserted that abolishing the tuition write-off, or Staff Tuition Scholarship (STS) program and distributing the funds now used to support it through the GSAS's general scholarship budget are necessary to achieve an equitable distribution of scholarship funds and to improve the School's ability to...