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...first it looked like another Jack & Heintz case of fabulous bonuses paid to evade taxes. A $4,100-a-year foreman got $25,000 extra; an $8,000 superintendent got $50,000; a $6,600 vice president got $50,000 too. All told, $2,071,315 was passed out in bonuses last year-nearly 10% of gross sales, and about 80% of net profits...

Author: /time Magazine | Title: MANUFACTURING: Incentive Pay | 6/8/1942 | See Source »

...a-year "foreman" who raked in a $25,000 bonus was actually Lincoln's chief metallurgist. He developed a new welding electrode that cut production costs 20%, discovered a new way to weld light and heavy armor plate that saves 20% on nickel and chrome...

Author: /time Magazine | Title: MANUFACTURING: Incentive Pay | 6/8/1942 | See Source »

President Roosevelt gave Smith heavy managerial powers; his office grew from a handful of workers on a $187,000-a-year appropriation to a staff of 425 with $1,982,000 to spend...

Author: /time Magazine | Title: Smith & Coy | 5/18/1942 | See Source »

Eugene Edward Buck, the man who rode high and handsome as president of ASCAP (American Society of Composers, Authors & Publishers) while it grew into a $7,000,000-a-year business, lost his job last week. ASCAP's directors elected in his stead Critic-Composer Deems Taylor...

Author: /time Magazine | Title: Music: Passing of Buck | 5/4/1942 | See Source »

...writing clan that embraces everything from Tin Pan Alley to Rachmaninoff. A friend of Victor Herbert, for 20 years Florenz Ziegfeld's right-hand man, writer of 500 lyrics (Hello, Frisco!, Tulip Time), Buck served ASCAP from 1925 to 1929 without pay. Later he drew a $50,000-a-year salary, which he voluntarily cut to $35,000 a year ago, after ASCAP entered its losing music war with the radio networks...

Author: /time Magazine | Title: Music: Passing of Buck | 5/4/1942 | See Source »

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