Word: profitable
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Dates: during 1960-1960
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...investigation, Minnesota's Attorney General Walter F. Mondale jolted Minneapolis with a documented report on financial shenanigans in the foundation under Marvin Kline's stewardship. Said the Mondale report: "Mr. Kline dominated and controlled the foundation to an extent that he was enabled to derive unconscionable personal profit from his position." Major findings in the report...
...Motorola, and W. R. Grace, that is part of the secret of Coleman's success: what stock is likely to be in demand, and-more often than not-why. When a stock goes up, Coleman has usually laid in a supply of it in advance, and turns a profit. Conversely, he often is shrewd enough to unload his supply of a stock before the market in it turns down. The worst thing he has to contend with is fear-the sudden frights that cause investors to dump stocks with little reason. Says Coleman: "Nobody ever got burned to death...
WHEN the fire bell rings, Coleman nimbly dodges between frightened investors. Even when the overall trend of the market is down, there are momentary rallies that he can profit by. He can buy a stock one minute and sell it for a half-point profit the next. He often is "long" (buying a stock for a rise) in one stock while "short" (selling for a fall) in another. Coleman actually profited in the Cardiac Break, just as he did in the market's crash in 1929. "We were both long and short. To survive...
...chief executive officer of B. T. Babbitt, Inc, a leading maker of household cleaning products. He switched from beer to Babbitt 30 months ago. after squabbling forced him out of Pabst. "We have no pride." he announced. "We'll do anything that's legal to make a profit.'' He ran gimmicky promotions, even gave away subway tokens for Bab-O coupons. For a while Babbitt cleaned up. earned 42? per share in 1958 (v. $1.15 per share loss the year before), but last year it was back in the red. lost $1.33 per share on sales...
...supply of the pills costs, said Hogan, about 18? to produce, sells for $3. In the first ten months of last year, $8,000,000 worth of Regimen was sold and, after advertising and operating costs, Andre's company cleared $2,000,000-a 25% profit...