Word: bonus
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When Haider reached the mandatory retirement age of 65 in 1969, Jamieson took over as chairman, moving in 1972 into a huge, sparsely furnished office on the 51st floor of the Exxon Building in mid-Manhattan. Jamieson, who earned $401,666 in salary plus $195,000 in bonus last year, smoothly delegates authority. "In a big organization like this," he says, "you've got to push decision making to as low a level as possible and get it done. There is a fine line between pushing too far and not far enough." Says one Exxon insider of Jamieson...
...Surprise Bonus. On the long-accepted principle that minute particles of water improve combustion. Cottell began experimenting with mixtures of oil and watter. He broke them down in his reactor, and the tiny droplets of oil absorbed and encapsulated much tinier droplets of water. The emulsion burned so cleanly in his home furnace that, after months of testing, the fire had even oxidized away caked-on soot from the inner surfaces of the pipes. As a surprise bonus, says Cottell, the old furnace's fuel consumption fell...
...opted to stay home and watch the game on television, you had the added bonus of seeking Hynes and his former mentor and present Harvard hockey coach Bill Cleary, being interviewed by Johnny Pierson between periods...
...American, the idea of United Auto Workers President Leonard Woodcock and some of his union colleagues serving as directors of General Motors, and voting on such matters as the bonus of President Edward Cole, might seem farfetched. Yet something very like this arrangement has existed since 1952 in West Germany, where under law all large companies must give at least a third of the seats on their supervisory boards* to directors representing their workers. Now this system, known as Mitbestimmung (literally, having a voice), is spreading throughout Western Europe and has become the subject of heated controversy...
Latin class was over. She stiffly wished Happy Holidays, and Felix Annus Bonus knew that we had not made everlasting per or even called a holiday truce...