Word: bonus
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...Halaby, a onetime Navy test pilot who resigned last July after four years as administrator of the Federal Aviation Agency ($30,000 a year), was elected a senior vice president and board member of Pan American World Airways at $60,000 a year, plus a $35,000 year-end bonus, plus substantial stock options...
...pallid and particular group of seven "cool" hard-and soft-edge abstractionists, were conceded to be out of the race anyway, since Americans won both the last São Paulo and Venice biennials. The Grande Prémio (a gold medal, shorn by poverty of its usual cash bonus) was split between Italy's Alberto Burri and France's Victor Vasarely...
...months ago. The team: A. P. (for Athanas Paul) Fontaine, 60, the chairman and chief executive officer, and George E. Stoll, 58, president and chief operating officer. Both longtime up-through-the-ranks employees, they have tightened cost controls, informed division heads that they will use Bendix' incentive bonus program to reward good producers and punish poor ones. Result: earnings rose 22% in the April-June period, are up 10% overall so far this year...
...voted by Congress. The average monthly hikes seem modest-$5 for individual recipients, $8 for couples-but they will channel $1.2 billion more into the economy this year and $117 million a month thereafter. Because the increases are retroactive to Jan. 1, each recipient will collect eight months of bonus in one swoop-amounting among couples in the top bracket to a lump-sum extra of $492. Though the average American habitually spends 93% of his income and saves the rest, federal economists expect that some 95% of the social security bonuses will quickly be spent, chiefly on food, clothing...
...highest salaries go to top U.S. executives, who are required by law to report them, along with bonuses and stock holdings. G.M. Chairman Fred Donner leads the list, with a pre-tax figure of more than $800,000 from salary and stock and cash bonuses. In fact, the ten highest-paid executives in the U.S. are all in the auto industry, including Chrysler President Lynn Townsend (salary plus cash bonus: $555,900) and Ford President Arjay Miller ($515,912). Salaries depend, of course, on a company's size and profitability and an executive's responsibilities. Pure pay runs...