Word: profitable
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Dates: during 1960-1960
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...both ends of Britain's social scale-on the unions that leave a worker free to join or starve and don't care if production goes up so long as wages don't go down; on the businessmen who do not hesitate to turn a profit at society's expense and consider their responsibility to their employees discharged by "a bit of soap in the toilets." In time, of course, the hero heroically revolts against the abuses of both capital and labor, winds up with the public behind him-and bars in front...
...worth of yarn, 150 sweaters and $7,500 in cash; a few doors away a second shop was discovered producing 100 blouses a day. The operators, said Krokodil, suffer from no shortage: state textile-industry employees swipe huge amounts of wool from government plants, resell it at a tidy profit to black-marketeers...
...keep a fortune nowadays seems to be through stock options. They have become the major device to counteract the heavy (up to 91%) ordinary income taxes on company officers' pay. Some of the gains have been big: at Radio Corp. of America, President John Burns has a paper profit of $830,000 on his options for 20,000 shares of stock, while General Electric Co. Chairman Ralph Cordiner has a $1,262,260 paper profit on options exercised since 1957. But with this year's fall in the market, and the failure of many stocks to rise during...
...Honolulu secretary plunked down $100 each for five co-op apartment options, quickly turned a $2,000 profit by selling them to other investors...
...make Olivetti's U.S. investment pay off, President Galassi has completely reorganized Underwood. He cut $1,000,000 from Underwood's engineering program for money-losing computers, halted production of bookkeeping machines and portable typewriters, which were not competitive, and stopped bidding for low-profit defense contracts...