Word: bonus
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...final step in from the cold; the serious, spectacled accountant was named chairman and chief executive of General Motors, the most prestigious corporate post in the world. "Murph" will take office Dec. 1, a week after his predecessor, Richard C. Gerstenberg, who earned $923,000 in salary and bonus last year, reaches GM's mandatory retirement...
Last summer Miller announced that if the incidence of rape, robbery, burglary and auto theft dropped 3%, everyone on the force would get a 1% salary boost. A 6% reduction would translate into a 2% pay increase; after that, each 2% drop would earn a 1% bonus. The maximum increase the cops can get is 5%. "Currently, we're down 17% for those four crimes," says Police Chief Merrill Duncan. "The men are working harder and our crime-prevention program has greatly expanded." Felony arrests are up 40%, and police diligence has even extended to traffic, reducing accidents...
...winnings on the line. Split Second requires three participants to answer hard three-part questions. Concentration calls for the ability to do just that. The idea is to remember the prizes hidden behind numbers and match two of them to win the object. Split Second offers a nicely sadistic bonus to the day's big winner. He gets to select a car from among five beauties, but may keep it only if he picks one whose motor is set to start...
...printer presently employed will be dismissed, even if there is no work at all for him to do. In addition to immediate raises of about $40 a week, yearly 3% salary hikes plus cost of living increments, members of Local 6 (average age: 56) will receive a $2,500 bonus if they retire during the next six months. As an added enticement, retiring printers can exchange a guaranteed six-month leave for a half-year's pay plus the bonus, giving them a lump settlement of around...
...years companies have been buying the loyalty of their work forces by offering bonuses for superior workmanship or exceeding production quotas. Last week Volkswagenwerk AG turned the bonus idea completely around by offering to pay employees at four of its six West German plants up to $3,600 for their immediate resignations. The company has been hit by a serious sales slump, and is trying to trim its workforce in the nicest way possible. Of the 106,000 eligible employees, only the first 2,700 to apply will be able to collect the payments, which include one month...