Word: bonus
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Dates: during 1930-1939
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...Hill's Bonus, When stockholders of American Tobacco Co. meet April i they will be glad to hear President George Washington Hill report that last year their company's profits jumped from $30,000,000 to $43,000,000. They will also hear a speech from Richard Reid Rogers, one-time chief counsel of Interborough Rapid Transit Co. Stockholder Rogers has bitterly opposed American Tobacco's bonus- for-the-management plan. Last week he wrote to other stockholders calling attention to the fact that President Hill's 1930 compensation included $1.008,000 in salary and cash bonuses...
Yours for louder and funnier sermons on Baseball Stitching; Soldiers Bonus; Boston Business; Faith; Hope; and the greatest of all, "What's-Wrong-With-Crew. Eugene Du Bois...
...been that of big, voluble Charles Michael Schwab. Unpleasant to Chairman Schwab is the successful way in which Cyrus Stephen Eaton has blocked Bethlehem's attempts to merge with Youngstown Sheet & Tube Co. Unpleasant to Chairman Schwab has been the recent challenge of minority stockholders who decry the bonus plan which in 1929 gave President Eugene Gifford Grace $1,623,000 and that much again to lesser executives. Of this latter unpleasantness, a phase which developed last week must have been particularly unpleasant to Chairman Schwab. To each of Bethlehem's 40,000 shareholders he had to send...
Chairman Schwab had told stockholders that he had obtained the idea of a bonus plan from that great and canny Steelman Andrew Carnegie, who gave Charles Schwab a yearly bonus of $1,000,000.* Scoffing this, Mr. Hebard wrote: ''Your reference to the $1,000,000 bonus paid to you by Mr. Carnegie 30 years ago does not mention that the fabulous profits realized then by the iron and steel industry were due not so much to any super-management but rather to the utterly unjustified high protective tariff and the rail pool. No such profits are obtained...
...During the War, when the Kaiser was handing out Iron Crosses, German-blooded but 100% American Mr. Schwab made flamboyant retort by handing out to Bethlehem executives who made a yearly $1,000,000 or better under the bonus system, rich diamond crosses about 1½ in. high...