Word: bonus
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Ever since the late Charles M. Schwab took over Bethlehem Steel in 1905 and set about making it the nation's No. 2 steelmaker (after U.S. Steel), the company has prospered by paying the fattest executive bonuses of any U.S. corporation. Last year Bethlehem's President Arthur Homer received $100,000 in salary, plus $411,249 in bonus, making him the highest-paid U.S. corporate executive. For years many Bethlehem vice presidents have been paid more than presidents of larger companies. Last week Homer and the 19 other Bethlehem executives who share in the company's lush...
...frenzied Toronto Stock Exchange and its volatile penny stocks. He also got his first market blooding (he lost $4.98). Back in his native Boston, Gart got a different view of finance in the tradition-laden world of M.I.T. He learned a lot about mutual funds, but little about the bonus : some hot tips on the stock market. Only at the very end did M.I.T.'s closemouthed men loosen up enough to venture that M.I.T. looks with favor on such true-blue chips as IBM and U.S. Steel...
...watch the youngster play semipro ball in the Idaho-Oregon Border League. Killebrew promptly went 14-for-14 (five homers, four triples), belted one homer over a fence 435 ft. away. The tightfisted Senators unbuckled their bankroll, paid out $30,000, and Killebrew became Washington's first bonus player...
...face of it, even this bonus seems not enough to preserve peace for long periods under water. With a high proportion of respected experts aboard, submarine society quickly shakes down to "smalltown" clusters of six or eight men congealed around a leader. But these clusters do not freeze into antagonistic cliques, Captain Alvis reported, because endless recombinations occur in a modern sub's big crew of 80 or more men. "It takes quite a while for even a rather unpleasant person to inflict himself on everyone in the group." And a bad apple can always...
...Demeter, 23, seemed too weak and skinny to be a big leaguer, but the Dodgers signed him for a paltry $800 bonus on the chance he might fill out and develop power. It seemed wasted money last season, when Demeter, a right-handed batter, hit a sickly .189 for Los Angeles in 43 games with only five home runs, eight runs batted in. But this year the beefed-up (6 ft. 4 in., 185 Ibs.) Demeter is suddenly a slugging terror, in his first ten games had six homers...