Word: bonus
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...choices, of course, had cheapened TV. But by commercial standards, he was a success, and CBS paid him a $124,000 salary, plus $100,000 bonus and an option on 65,000 CBS shares (worth $2,995,000 last week). He had the touch, or thought he did, though he was far more overbearing than a really successful man need...
...smaller and thus cheaper and quicker to make. A factory commanded to make lamp shades made them all orange, since sticking to one color kept the assembly line uncomplicated. Tire production one year was fixed without checking the plan for motor-vehicle output. Taxi drivers were put on a bonus system based on mileage, and soon the Moscow suburbs were full of empty taxis barreling down the boulevards to fatten their bonuses...
...zone. This was the first touchdown in last week's National Football League championship between the Cleveland Browns and the Baltimore Colts (see SPORT). Almost half the people in the U.S. saw the play, some 80 million of them on CBS television, and the TV viewers got a bonus dividend that the people in the stadium could not have. Instantly after the touchdown was scored, the same play appeared again on their TV screens; but this time the picture concentrated on Collins, running his pattern through two zoning defenders, cutting for the corner, then cutting back toward the goal...
Next week, Merrill Lynch, Pierce, Fenner & Smith Inc., the nation's largest stockbrokers, will pay a record $9,700,000 cash bonus to 8,650 employees, 22% more than a year ago and an average of $1,121 each. Their checks will range from a flat $75 for employees with six months' to a year's service up to 14 weeks' pay for 20-year veterans. Elsewhere across the U.S., year-end fiscal cheer varies from the $10 Philadelphia Electric Co. gave its 9,300 nonexecutive workers to the average of $375 that Scio Pottery...
...companies have enjoyed greater success with largesse than Cleveland's Lincoln Electric Co., the world's largest maker of arc-welding equipment. With its sales up nearly 15% this year to $100 million, Lincoln distributed a $12.8 million "incentive bonus" to its 1,582 employees. That makes an average of $8,190 per employee and sets a record even for a company that has dispensed $126 million in bonuses over 31 years. Lincoln's chairman James F. Lincoln, 81, credits the bonus-which lifts his typical employee's annual income to $13,000-for everything from...