Business & Finance: Profitless Prosperity

President Magnus Washington Alexander of the National Industrial Conference Board declared last week to a Cincinnati audience of the National Metal Trades Association that one-ninth of 1% of the corporations of the U. S. (95 in number) made a net income in 1925 of $5,000,000 or more apiece, and that the total profits of these 95 corporations accounted for 44.5% of the industrial net income of the nation. The other 89,579 U. S. corporations divided up the rest of the nation's industrial profits. The 95 corporations earned 25% more in 1925 than in...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!