Word: wurtz
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Dates: during 1940-1949
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...great mass of corporations, both in & out of war work, many failed to boost gross fast enough to outrace rising costs. Typically, F. W. Woolworth turned in an alltime high of $439,009,000 in sales. Burly, shrewd Charles Wurtz Deyo, 63, Woolworth's up-from-the-ranks president, who broke the 10?-top-price tradition back in 1932, found that this backbreaking upshove in gross was not enough. Woolworth profits sank to $21,952,000 v. $23,539,000 in 1942. General Electric fared little better. It announced a record volume...