Business & Finance: PROFITS

How Much Is Fair?

Despite loud yawps from mavericks like Jack & Heintz (see col. 3), the great majority of U.S. businessmen appear to favor renegotiation of war profits. Patriotism aside, they have grown politically sensitive in the past decade and have no wish to be accused of profiteering. Last week in St. Louis' Coronado Hotel, the world's No. 1 producer of bomber turrets publicly embraced the theory that the best wartime safeguard of free enterprise is low profits. Said Emerson Electric Manufacturing Co.'s President and Board Chairman William Stuart Symington Ill, at a...

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