FEW things disturb U.S. business management more than an economic malady known as the profit squeeze, which is its way of describing lower profits on every dollar of saleseven when sales are rising. Last week managers and owners across the U.S. were voicing their concern over profit squeezeand trying to bring it under control in ways both obvious and oblique. Second quarter 1960 profits for 721 companies surveyed by the First National City Bank of New York were 12% below the alltime-record second quarter of 1959 and down 4% in the first half as compared with 1959.
The reason for...
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