Brice P. Disque Quotes
It must be a poor business man who cannot pay expenses under such labor conditions; and our statement for the fiscal year, ending June 30, 1917, showed a net profit of $156,000. This after paying ALL the expenses of the institution, making proper allowances for depreciation of buildings and machinery, paying wages to all inmates, providing them with food, clothing, schooling, shelter, medical service, entertainment, and religion, and also after paying the salaries of all officers employed. t must be a poor business man who cannot pay expenses under such labor conditions; and our statement for the fiscal year, ending June 30, 1917, showed a net profit of $156,000. This after paying ALL the expenses of the institution, making proper allowances for depreciation of buildings and machinery, paying wages to all inmates, providing them with food, clothing, schooling, shelter, medical service, entertainment, and religion, and also after paying the salaries of all officers employed.
This quotation shows that in 1922 a major state prison was operated at a profit with NO COST to the taxpayer. They key was that the Warden was an experienced successful businessman who put the prison into a number of different businesses which paid the expenses and taught the inmates marketable skills like stone carving. The model however has been opposed by businesses in the area which saw the prison as competition and labor unions which saw the model as taking jobs away from honest, non-criminal workers and not paying high wages.
Brice P. Disque, 1879–1960, Business Executive, Prison Warden & Army General, “Prison Progress”, The Atlantic Monthly, March 1922
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The company’s profits were $5.7 billion--$45,000 per employee. He then imposed a 6 year wage freeze on long term employees and cut the wages of new employees. His compensation has increased 80 percent in the last 2 years. Most large corporation CEOs do not share this need for “unlimited” profits. Most set a target and then try and get the corporate team to reach or exceed it.
At the time this was generally true for most businesses. However, in a modern economy, there are other ways. Increasing volume, automation, innovating products and services to get premium prices naw are standard techniques.