Word: bonus
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...thing I really cared about") and waited to be courted. Yankee Stadium was just a couple of miles away, and Colavito idolized Joe DiMaggio. But the Yankee scouts fretted so long about his slow running (he has inverted arches) that Cleveland got him for a cut-rate $3,000 bonus...
...help ? Perhaps you could publish a list of the more destitute of these underprivileged executives so that if some of the rest of us have a little left over at the end of the month, we can tide them over until Hupp Corp.'s next bonus...
...Senate Appropriations Committee reported out the year's whopper: the $39,594,339,000 Defense Department appropriation-$346,139,000 more than the White House had asked, with the Army getting the biggest bonus. Included in the bill were an extra $380 million nuclear carrier for the Navy, $85 million more for the Air Force's Atlas missile, and $309 million for the Army's Nike-Hercules and for Army equipment modernization. The Defense Department was directed to keep the Marine Corps at 200,000 men instead of the budgeted 175,000, keep the National Guard...
...grateful directors of the Hupp Corp. last week voted a $110,000 bonus to Board Chairman John O. Ekblom, 64, on top of his $42,000 salary, for the crack job he did in pulling the company out of the red. To the directors' surprise, Ekblom turned down the bonus, saying that his salary "satisfies my needs and my appetite." He suggested that the money be used for incentive bonuses for Hupp's executives, who need it far more. Said Ekblom: "I want to focus some attention on the country's forgotten man-the corporation executive paid...
Heart of the new plan is a substantial increase in the base pay to 60% of total executive pay last year. Homer's new salary would be $306,749. On top of that, instead of a regular bonus, he and other executives would get special "dividend units," computed on the size of earnings and dividends, entitling them to receive dividends on the same basis as stockholders until 15 years after they retire (or to their estates if they died). Initially, these dividends would be small (e.g., Homer's share, based on 1958 figures, would have been only...