Word: bonus
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...operation. Under the final settlement reached last week, Niarchos will 1) pay the U.S. $4,500,000 (making a total of $12,579,500) and 2) get back the last five ships (valued at $10 million on the foreign market) of the 13 ships he has recovered. As a bonus to the U.S., Niarchos also agreed to have three supertankers built for $30 million in U.S. shipyards, the world's most expensive. Though Niarchos prefers to cut costs by sailing his ships under foreign flags, he also agreed to operate the new tankers under U.S. registry...
...match at the Boston Garden Saturday night was the twenty-second in a series of one hundred which will carry Jack Kramer's troupe to Europe for exhibitions before the most enthusiastic tennis fans in the world. The winner of the 100 match series receives a bonus $25,000 contract...
...been dumped as vice president and secretary of the company. But the firings,, only intensified the bitterness. At a meeting later in Cincinnati's Cox Theater, staffers sat in grim silence for 90 minutes while Ferger, 61, denied charges by Ratliff and Cronin that his own salary and bonus (1955 total: $104,699) and those of Assistant Publisher Eugene Duffield ($62,319) were excessive. Moreover, said Ferger, financial backers had urged him to insist on a ten-year contract; while he wanted the right to approve three of the five voting trustees in order to ensure "continuity of management...
...Pontiac Dealer M.H. Yager of Albany, N.Y., who testified that he had been bullied by G.M. and would show only "a small profit during 1955," actually made $81.898 in salary, bonus and net profit during the year's first ten months, even though he spent only half his time in the auto business. On an original investment of $10,000 (half of it borrowed), Yager made more than $1 in 15 years...
...London has also released The Marriage of Figaro (4 LPs), with Hilde Gueden, Danco and Siepi, and the Vienna Philharmonic conducted by Erich Kleiber, and The Magic Flute (3 LPs), with Gueden, Wilma Lipp, Simoneau and Berry, conducted by Karl Bohm. Both are first-rate performances and, as a bonus, the albums contain the complete musical scores...