Word: a-year
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...Army, big Hank Greenberg needed just four chances at bat to get his eye in. On the fifth try, he powdered a 375-ft. homer into his favorite left-field stand. With that wallop (and a repeat three days later), ex-Captain Greenberg: 1) began earning his $55,000-a-year salary, baseball's highest (for 60 days at least his pay remains at the 1941 rate); 2) made the front-running Tigers odds-on to win the American League pennant; 3) gave a psychological lift to some 500 big-leaguers still in the service...
...a-year salary a big enough incentive for an executive to do his best work...
Chief beneficiaries would be Walter Rothschild, president of Federated's Brooklyn subsidiary, Abraham & Straus, and Federated's famed Lazarus brothers: Fred Jr., $100,000-a-year president; Simon, $100,000-a-year president of Federated's Columbus (Ohio) subsidiary, F. & R. Lazarus & Co.; Robert, $75,000-a-year vice president of F. & R. Lazarus; and Jeffrey, $75,000-a-year vice president of Federated's Cincinnati subsidiary, John Shillito & Co. The plan, said Federated, would provide "those executives with a greater incentive for resourceful and imaginative employment of their skills...
...found the Scott Company's capitalization increased from 6,000 to 251,850 shares on the strength of wartime sales to the Navy. Almost 225,000 shares had already been sold to the public for $703,125. And Founder Scott found himself demoted from his $18,000-a-year job as president to advertising & sales manager...
...year-old squabble between eccentric Mr. Scott and a lean, hard-headed ex-flier named Hal S. Darr, who now controls the company which Scott once owned and headed. Darr became board chairman in 1943. At that time the company was doing a $2,800,000-a-year business, principally with the Navy, and Scott was still the boss. But when he totted up the profits on his Navy business he found, what with renegotiation, ($300,000), taxes, etc. that he had only $90,000 left. To Mr. Scott, discouraged by previous deficits and dubious about the immediate postwar future...