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He also led a group of billionaire investors that took over beleaguered California bank IndyMac from the FDIC at a bargain price during the financial crisis, profiting, that is, from the pain of California's foreclosure victims.
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Any profits that ships generated were almost tax-free.
Each optional customer generates a profit that is collected if it is serviced.
The probability of malpractice increases with the profits that can be earned through opportunistic behavior.
This hedging allowed traders to book "profits" that had not yet been earned — profits that would be counted in calculating their bonuses.
But at many banks, bonuses were often based on profits that turned out to be ephemeral, much like the profits that ABN Amro initially reaped on Abacus.
This is the model of investment and profit that had characterized Jesus' parable of the talents.
In that case, Boyd would pay 7.5 times the profits that exceed $105 million.
"It is that profit that helps us to continue to bring out more composers' work".
It is prohibition which provides the profits that attract organised crime.
But, he said, "it taxes illusory income, phantom profits that result from inflation".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com