Word: petroleum
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Dates: during 1960-1969
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Size is not everything; FORTUNE also measures profitability. On the basis of earnings as a percentage of invested capital, 180th largest industrial firm Avon Products was the best performer with 37.3%. On the basis of earnings as a percentage of total sales, Amerada Petroleum, the 337th company on the list, ranked highest with 26.7%. By either measure, Polaroid and such drug firms as G. D. Searle, Smith Kline & French Laboratories and Merck were outstanding performers...
...Viet Nam, ranging from sandbags to Isuzu buses. The war less directly helped generate another $800 million in Japanese exports; for example, G.I.s based in Southeast Asia purchased 13% of Japan's total camera exports. Other beneficiaries include Singapore and Malaysia, which store and ship Viet Nam-bound petroleum products, a trade that amounted last year to some $100 million between them...
...girl comes up to me with some paper towels. Take these, she says, so you can wipe the vaseline off your face when you're in jail. I haven't got vaseline on my face. I am thinking that vaseline is a big petroleum interest, probably makes napalm, and anyway it's too greasy. I hear over the walky-talky that Hamilton has been busted and that the sundial people are moving to Low and Fayer-weather to obstruct the police. I put vaseline on my face. I also put vaseline on my hands and arms and legs above...
Glad to Unload. The Russians, on the other hand, have been bending over backward to be nice to Iran. Capitalizing on the Shah's determination to industrialize, they offer him heavy machinery and even fully installed industrial plants, complete with Soviet technicians, in exchange for iron ore and petroleum that the Iranians are only too glad to unload. Five other East European countries have followed Russia's lead, and together they have agreed to build him 19 major factories, 500 miles of railroad and a pipeline that will carry natural gas from the gulf to the Caspian...
...aluminum-based water-desalination system. Refusing to divulge technical details because it now has a patent pending, the Pittsburgh-based company said that its desalting system would be the first to utilize the waste hot water that is dis charged by plants in such industries as chemical processing and petroleum refining. As a result, Alcoa said, it is capable of producing fresh water for as little as 25? per 1,000 gal. - at least 40% under the present operating cost of most existing systems...