Word: squeezees
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To finance India's herculean task of equipping its armed forces against the continuing threat of Chinese aggression, Desai boosted the budget by a staggering 33% to a record $3.8 billion; defense expenditures alone jumped 70%, to $1.8 billion. But Desai refused to squeeze the money out of the...
Some businessmen give tangible proof of their confidence-and by doing so pass their own assurance on to the entire business community. General Motors announced last week that it will spend $1.2 billion (equivalent to the entire annual budget of such countries as Spain) on capital expansion this year. Procter...
Didja squeeze her?
1962 was the year in which the profit squeeze became not only an unpleasant phrase but an unhappy reality. When corporate executives could not push their sales up, they set out to work their costs down.
Last week the appearance of the first fourth-quarter earnings reports showed encouraging proof that the profit squeeze can be successfully overcome-and added substance to business's expectations of a 10% overall profit increase in 1963. Almost without exception, the brightest examples among the new earnings were recorded...