Word: bonus
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...language of the South Vietnamese leaders, and can be expected to use both effectively whether smoothing U.S. relations with President Ngo Dinh Diem or prodding Diem's reluctant government into some political and financial reform. Along with a good man for the job, Kennedy gets a political bonus. Lodge's assignment will remove him from the G.O.P. team in next year's presidential campaign and will also make Republicans think twice before attacking Administration policy in troublesome South Viet...
Henry J. Kaiser, 80, and his son Edgar, 54, have entered into a unique agreement with the Steelworkers union, believing that the best way to keep labor costs reasonable is to peg them to production costs. Last week Kaiser Steel Corp. released the first results of its radical new bonus plan, under which workers divvy up 32.5% of whatever the company saves by cutting costs or increasing productivity. To 3,930 employees went bonuses averaging $79 each for March, when the company was able to save $962,000 against expenses in 1961, the base year. Bonuses ranged from...
Automobiles' golden year showed up on the paychecks too. General Motors Chairman Frederic Garrett Donner, 60, set an alltime automotive industry record in 1962 by earning $791,475-$201,475 in salary and directors' fees, a cash bonus of $442,500 to be collected over five years to soften the tax pinch, and $147,500 in "contingent credit"-the bonus value of G.M. stock options he was granted for 1962. The mathematics might seem a little complicated to anyone less skilled in figures than Donner, but G.M. had a tax-conscious explanation: Donner theoretically would have only...
General Motors President John F. Gordon was not far behind; he got $726,100. Two executive vice presidents earned more than $600,000, and four other G.M. vice presidents were paid more than $500,000. Over at Ford, helped by record 1962 sales that lifted executive bonuses, Chairman Henry Ford II earned $540,000 in salary and cash bonus last year. Ford's retiring President John Dykstra earned $515,000, and incoming President Arjay Miller got $417,917. Ford's ten top officers serving as directors received at least $215,000 each...
Today. Pelé's mere presence in the Santos line-up ensures a sellout crowd anywhere in the soccer world. His income from salary, bonuses and extras will come to about $40,000 this year. He can have more, any time he wants it. Last year Milan's Internazionale offered him a $60,000 bonus to sign a contract, and another Italian team. Juventus. was willing to go as high as $300,000. Spain's Real Madrid told Pelé to set his own price. Pelé turned them all down...