Word: bonus
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Dates: during 1930-1939
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...case remained uncleared last week. The family stoutly denied a persistent report that $100,000 ransom had been paid. Xo other motive for the kidnapping was offered; no explanation of why the Post-Dispatch and Reporter Rogers were selected to reap the glory (Rogers was given a bonus of one year's salary?said to exceed $6,000?for his scoop). Opposition papers boldly hinted that the Post-Dispatch was withholding
...compensation for veterans of all wars, pensions for widows ($20 per month) and orphans ($6 per month) of World War veterans. Last week at Concord, N. H., Paul Wolman, national commander of the Veterans of Foreign Wars, announced his organization's program for immediate cash payment of all Bonus certificates at their matured value...
...about 400 stockholders of Bethlehem Steel Corp. were en route to Newark, N. J., where the annual meeting was scheduled. Few would have thought of going had not it been known that at this meeting the management would ask for approval of a resolution upholding the much-argued Bethlehem bonus plan, that a minority interest might protest, ask pertinent questions. Yet that very morning Vice-Chancellor John H. Backes had signed an order which made much of the meeting meaningless. He ruled that while the stockholders might vote, the result of the vote might not be written into the corporate...
...while the fate of the bonus system is in the hands of the Law, not of the stockholders, genial Chairman Charles Michael Schwab last week had the satisfaction of knowing that the meeting was a personal victory for him. When questions were hurled at him he shot answers back. When the end of the meeting drew near he delivered himself of an emotional speech which brought cheers from the shareholders. And meaningless as the vote may turn out to be, it was indicated that the management won the proxy battle by an overwhelming majority...
Highest Paid Man, No bonus-getter is Chairman Schwab and at the meeting he admitted that a frequent question is: "What does C. M. get out of it?" His answer was: "I have been the highest paid man in the United States for a good many years. Some years my compensation was in figures that would stagger you. Now I want you to remember that I risked my money on this enterprise upon every occasion as late as 1918. Since 1908 I have received an average from this corporation of $86,000 a year. ... In 1930 the board of directors...