Word: bonus
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Since you won't allow an extra big bonus for some of my better workers this Christmas, I'm going to get around it by cutting everybody else's salary that week so my favorite workers will still get special treatment. Is that legal...
...policy on bonuses has not been fully defined by the Pay Board in Washington. In general, companies can grant the same size bonuses as in previous years. If a firm paid little or no bonus last year because business was bad, but had a record in prior years of giving a bonus, this year's payout would probably be permitted. Companies that seek to raise their bonuses are expected to adhere to the board's 5.5% limit on overall pay increases. Thus, whatever a company adds to its bonuses, it will have to subtract from its increases...
...many firms, holiday bonuses are shrinking or disappearing altogether. Wall Street's brokerages, for example, are not all the generous year end Santas they were during the peaks of the mid 1960s. At the New York Stock Exchange itself, the 1969 bonus of nearly 10% of salary for almost all the exchange's 3,000 employees is down to 71% for the second year...
Some companies that still make holiday payouts, like Los Angeles' Security Pacific National Bank, are turning to employee profit-sharing plans as a more rational way to spread good fortune around. But 1971 was not a particularly cheery profit year, and workers whose bonuses are tied to corporate earnings may find it a cruel Yule instead. At General Motors the bonus schedule has been redrawn to exclude employees earning less than $24,000, instead of $15,000 as in 1969. Last year, no bonuses were paid because of the lengthy United Auto Workers strike. One survey...
Turning its cameras away from the Martian surface. Mariner provided a bonus for scientists at Caltech's Jet Propulsion Laboratory: the first closeup pictures of the two tiny moonlets of Mars. Deimos and Phobos. Sharpened and clarified by computers, the photographs finally laid to rest an enticing theory put forth a few years ago by Soviet Astrophysicist I.S. Shklovskii. who said that the apparent behavior of Phobos in orbit meant that it could be hollow. That in turn suggested to Shklovskii that the moonlet might be an artificial satellite, lofted into orbit by a long-extinct Martian civilization. Instead, Mariner...