Word: bonus
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...year-end bonus of cash is not as popular as it used to be, partly because of labor's taste for bigger contractual fringe benefits and partly because of management's growing preference for more sophisticated executive incentives. Even so, the Bureau of Labor Statistics figures that U.S. manufacturers are paying production workers more than $600 million in year-end bonuses this season. Many millions more will go to executives and office help in such places as Detroit, where auto vice presidents often get bonuses equal to twice their salaries, and Wall Street, where 1964's record...
Come to Play. A prodigy from the backwoods of Ontario, Hull signed his first pro contract at 14 (for a bonus so small that "I'm ashamed to mention it now"), cracked the big leagues in 1957 at 18. Since then, he has led the N.H.L. three times in goal scoring, twice in total points (goals and assists). The marks of his trade show on his face; it is crosshatched with scars, and his two front teeth are gone. But Hull has missed only eight games in his career because of injury. He scored eight goals...
...bidding for Rhome will probably start somewhere around $20,-000 for a bonus-which is more than the Jets apparently want to spend. Last week they gave Houston their rights to Rhome in return for a draft choice Jets Coach Weeb Ewbank did his best to explain the decision: "I'd have to say that the boy is accurate in the 10-to 15-yd. range," he said. "But I can't tell you whether he can throw long." Then, too, Rhome is only 6 ft. tall: "He might be too short for the pros." Only a cynic...
...company's scientists win 600 to 700 patents a year and turn over all their patent rights to the company, as is standard practice throughout industry. But Du Pont encourages its scientists by letting them share in the profits of their inventiveness. Through a special bonus system, more generous than in most other companies, it yearly pays upwards of $50,000 each to several scientists, and over the years it has made millionaires of many of them...
Copeland himself last year earned $349,846 in salary and bonus-a sum that pales in comparison with the $3,400,000 he collected in dividends on his Du Pont and Christiana shares. But the statistic that he watches most closely is Du Pont's profit as a percentage of invested capital. The company always aims for a 10% return on investment, usually comes close to achieving it. This year the figure has risen somewhat above the 8.6% of 1963, but the gain is not enough to satisfy Copeland, despite Du Pont's rising sales. Says he: "When...