Word: bonus
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Chemistry 20 is Fieser's pride. He has flavored it with a touch of the secondary school incentive system, including an honor group and bonus questions on exams. At the end of each year, Fieser pits himself against the class in a laboratory technique competition. Although he never loses, he is always disqualified ("for singing in the lab or something") and it is always students who get prize books...
Women are by far the worst offenders. Last week Manhattan's Jane Engel specialty store, whose well-heeled women customers return up to 20% of their purchases, tried a plan to cut returns. It offered to give its customers a merchandise bonus of 7% on their purchases three times a year, provided that their returns in the previous four months had not exceeded 10%. Jane Engel seemed to be cashing in on the plan already. Although total New York City retail sales lagged 8% behind last Christmas, Engel's reported that its sales were...
...Christmas bonuses to employees subject to collective bargaining? Yes, ruled the National Labor Relations Board last week, ordering Niles-Bement-Pond Co., of West Hartford, Conn., to bonus-bargain with a local of the C.I.O. United Automobile Workers. The company, which has paid a bonus for twelve years, had cut the total from $108,000 in 1949 to $40,000 in 1950, when it started a new and more expensive pension plan...
Said NLRB's majority opinion: "The issue this case is whether the bonus . . . was a gift, as the company argues, or part of 'wages' within the meaning of the [Taft-Hartley] Act ... Although we ... believe in the Christmas spirit, we agree ... that the bonus constituted an integral part of the company's wage structure." Humphed dissenting Board Member Abe Murdock, onetime 100% New Dealer from Utah: "A genuine Christmas gift has no place on the bargaining table...
Editor Payne drew a salary of $34,400 and a bonus of $87,600; in a later year, he got a salary of $84,500 but no bonus. In one year Al Cole got a salary of $99,500, two years later got $84,500. Wallace has paid himself a salary of $99,500 in some years, in other years didn't get enough to be listed on the Treasury's $75,000-plus list (Lila never has drawn enough to get listed). All the Digest's 1,060 regular employees are covered by a liberal pension...