Word: a-year
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...Louis, choleric Neville Miller, Louisville chum of quiet Mark Ethridge, and now $40,000-a-year president of the N.A.B., blasted the monopoly report. Snapped Fly: "These men, to divert attention from the fact of monopolistic control in their hands, conjure up insistently the bogey man of Government operation." Retorted Miller: "It may be that those who think Government operation is essential are conjuring up the bogey man of monopoly...
Jesse himself, no lover of rivals, apparently saw it would not last. Early this year (TIME, March 17), he tried to make Schram $35,000-a-year president of Chicago's Federal Reserve Bank, failed when local patriots revolted. At a press conference a few days later a reporter needled Jones about the Chicago fiasco. Waving at Schram, whose RFC salary is $10,000, Jones cracked: "He's a farmer; when somebody dangled that big money in front of him, he jumped...
Granite-willed, softhearted, old (80) "Uncle Dan" Willard last week made good a ten-year threat. He resigned as $60,000-a-year President of B. & O., stepped up to a less active chairmanship, turned over the throttle to Western Union's Roy Barton White. Oldest R.R. president in the U.S., he had headed B. & 0. for 31 years, was the last link between the days of Harriman-Hill-Gould and the regulation-cramped ICC. But spry Uncle Dan hated to knock off. Said he: "I wish I were only 60 and could keep on. I love...
...worked for B. & O. 25 years, and Central of New Jersey seven years, before going to Western Union) takes over with the tracks almost clear. Last year B. & O. made $5,549,497 after all charges. During the first quarter of this year B. & O. had a net operating income (before fixed charges, taxes, etc.) of $10,316,672-up 112% over 1940. But Roy White, like Uncle Dan, likes railroading in general, B. & O. in particular, no matter what the signals read. In his new job he takes a $25,000-a-year cut in salary (from...
...Steel, world's No. 1 steelmaker, earned over $3 in the first quarter, a $12-a-year rate. But Big Steel sells for 51, or four times these profits. This, however, is not greatly different from World War I (1916) when Big Steel ranged between 79! and 129!; two to four times 1916 profits of $48.46 a share...