Word: profiteering
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Dates: during 1940-1949
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Hundreds of other profit and non-profit organizations-churches, welfare organizations, stores-were shipping gifts abroad...
...having the force of law, is the unwritten custom that the bonus should be spent before New Year's. That gave the workers a fine sense of irresponsibility, permitted some businessmen to get back in trade more than they had paid in profit-sharing, and accounted for last week's fiesta...
...have a fresh-squeezed taste. It got its second boost when it sold Crooner Bing Crosby 20,000 shares of stock at 10? a share and made him a director (TIME, Oct. 18, 1948). As part of the deal, Crosby, whose stock is now worth $14.75 a share (paper profit: $293,000) began plugging Minute Maid on a song & chatter radio program five days a week...
...twelve months ending Oct. 31, Minute Maid rang up $11.8 million in net sales, as against a mere $3.7 million the year before, and showed a net profit of $996,000. In the current year Minute Maid plans to boost orange juice output to 213 million of its 6-oz. cans, up 142 million cans from last year...
Last spring the FCC decided to clean things up. It notified college stations, including WHRB, that they would have to meet requirements for regular non-profit stations or lose their permits. Most of the requirements were perfectly legitimate--they involved assigning stations to specific channels and approving their equipment...