Word: bonus
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...slice of all pre-tax profits above 10% of the value of shareholders' equity, i.e., the value of stocks plus surplus. Had the plan been in effect last year, each U.A.W. worker would have drawn a bonus of $591 at G.M., $500 at Ford, $323 at Chrysler. Estimated cost to G.M.: $275 million...
...over snaky roads; superhighway travel time is 20 minutes. Wilmington as a result is becoming a Boston bedroom. To handle the growth, the town's seven-member planning commission drew up tight zoning laws and a town meeting speedily approved them. Proper planning has already produced a bonus. Impressed by Wilmington's farsightedness, Avco Manufacturing Co. (electronics, aircraft engines, missile nose cones) is building there a $15 million laboratory that will employ 3,000 and provide an additional $180,000 in taxes. From its very beginning, the history of the U.S. is a record of change...
...advance. On the other hand, many economists and businessmen favor a tax reduction without any cutoff date, believe that a cut advertised as temporary beforehand might defeat its own purpose. Taxpayers might be reluctant to spend on the basis of a temporary cut, instead save their tax bonus...
...sometimes even financing. M.C.A. makes much of being simply a service organization, brags of the number of executives it has servicing clients, like a college with a low teacher-student ratio. Its executives are paid on an incentive plan; senior executives get a flat $100 a week, plus a bonus-often huge-based on M.C.A.'s performance that year. Founder Stein still owns a majority of M.C.A. stock, and the remainder is held by 45 executives and a trust in which all employees participate...
...while the Rice line shifted defensively, Forrestal changed many of his plays as he crouched over his center, completed 13 out of 24 passes for 153 yards. Against such opposition. Rice's big (6 ft. 3 in., 205 Ibs.) Quarterback King Hill, also an All-American and the bonus draft choice of the Chicago Cardinals, got nowhere, sat out most of the second half. Final score...