Word: bonus
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...Broadway's biggest headaches is the "bonus." With good seats at good shows always as scarce as bagels in Mecca, theatergoers have long since learned that an extra dollar under the counter improves their chances of seeing such S.R.O. hits as My Fair Lady and The Music Man. As vulnerable as any to the gouging charges are Manhattan's 100-odd ticket agencies, which handle roughly 65% of theater seat sales for a legitimate fee of $1.38 above the box-office price...
...days after Standard Oil Co. (Indiana) became the first major U.S. company to upset the fifty-fifty pattern. For a 6,177-sq.-mi. concession off Iran's shores in the gulf. Indiana Standard agreed to pay 75% of profits to Iran, plus a $25 million bonus, and to spend $82 million in exploration and development over the next twelve years. If no oil is found, Indiana will turn over half of the unspent portion of the $82 million to Iran...
Other companies had bid against Indiana Standard, offering only the fifty-fifty split. But this was more fiction than fact, because they also offered huge bonuses, bigger than Indiana Standard's. Iran chose the smaller bonus and bigger split, gambling that Standard will find a huge new field. If it fails to, then Iran will lose the gamble...
...Park. "Look at it this way," says he. "Brooklyn draws a million people. Milwaukee draws two and a quarter million. Results: 1) they can pay their players more; 2) they can absorb more farm club losses; 3) they can have more front-office talent; 4) they can buy more bonus players. The momentum is Milwaukee's. Obviously, we have deteriorated into a noncontending ball club. I decided that the thing to do was get my new stadium and get in a competitive position-get the customers who could give me the money to compete again...
...told. Reuther's proposals would boost autoworkers' wages and benefits by 35? to 45? an hour (not counting the bonus), almost twice as much as the 21? package the union won in 1955. Said Reuther: "It's the biggest package ever...