Word: a-year
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...employees making more than $12,000 a year by 5% to 25%. After Merritt-Chapman & Scott omitted the quarterly dividend, Chairman and Chief Stockholder Louis E. Wolfson-who can well afford a pay cut-gamely announced last week that he will not accept any of his $100,000-a-year salary until profits pick up and the dividend is resumed...
Died. Daniel G. Arnstein, 70, longtime president of the giant Manhattan transportation firm, Terminal System Inc., who in 1941 won acclaim as the $1-a-year man who unsnarled China's lifeline, the Burma Road; following a stroke; in Manhattan. Finding the Burma Road a twisting 726 miles of confusion, corruption and peril, Arnstein banged heads together, introduced a truck maintenance system ("The Chinese had never heard of grease") and centralized control, within a few months quadrupled the flow of lend-lease traffic...
...some 1,250 students in Washington, she had a long list of glowing testimonials. A Wilmington librarian actually hit 20,000 w.p.m. Georgia's Senator Herman Talmadge calls his improvement "fantastic," says that setting up the technique in all Georgia schools "would be worth a $1,000,000-a-year appropriation." Predicts one of five fascinated General Electric engineers, who are now analyzing the method to see if it can help computer operations: "A storm will come up when this breaks...
...union throughout the industry last month, and to drop some featherbedding practices. The settlement will cost the Long Island $162,041 a year, which the road will cover by raising annual commuter fares for its 85,000 daily commuters by $1 or $2, adding to a recent $24-a-year fare increase...
...responsible for keeping soldiers and their families well supplied is Brigadier General Ray Joseph Laux, 52, a grey-haired, blue-eyed Quartermaster Corps planning expert. From his office at worldwide exchange headquarters in Manhattan, General Laux commands a retailing complex that could demand the services of a $200,000-a-year executive in the world of business; he does the job for $16,725 a year. Of the PX's 67,500 employees, some 44,000 are foreign nationals working abroad. This mix sometimes presents problems. In Morocco, faced with native snack-bar waiters who spoke only Arabic...