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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Jan 07, 1976

Page

3

Profits misread by executives says economist

John Q Jennings argues Americans misunderstand profits seeing them as higher than reality. He cites 1975 first half manufacturing after tax profits of 21.7 billion on 513.7 billion sales and notes corporate and union leaders often lack full financial facts. He urges more open data sharing to prevent wage and inflation pressures. The piece contrasts claimed 10 percent fair profits with actual margins of about 4.2 percent for manufactures and 1.4 percent for retailers.

Jennings John Q

Also Mentioned on This Page

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