Word: bonus
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...this took place because of an old Spanish custom brought up to date. For years, Venezuelan employers gave their workers a Christmas aguinaldo, an annual bonus, sometimes amounting to as much as two weeks' pay. In 1936, President Eleazar Lopez Contreras turned the aguinaldo principle into law. He decreed that employers must split 10% of their profits among their workers...
...pliability sometimes leads him to weakness. Recently, the Socialists introduced a bill in the Bundestag providing cash Christmas gifts for refugees. A Christian Democrat spokesman pointed out that this was a purely political bill designed to win votes, and that the government had no money to spare for the bonus proposal. But when the Socialists forced an open roll-call vote and Adenauer's name was called as the first on the alphabetical list, the Chancellor did not dare oppose the bill. He rose and weakly voted "/a." The other Christian Democrat deputies followed suit...
...Brannan plan," said the Grange, "has totally undesirable political implications . . . That party which would promise farmers the largest bonus out of the Treasury would garner many votes not obtainable on ... an honest, sound platform. It would then become a race to see which party would promise most...
...does it?") and does countless good deeds. After all, wasn't he supporting a boys' town in Italy, didn't he quietly give away thousands to charity every year, including some run by papers which damned him, and didn't he give a $5,000 bonus apiece to each of his nephews who went into the Army...
Eastman Kodak Co. last week announced a "wage dividend" for its 48,000 employees of $15,500,000, biggest in the 38-year-old history of Eastman's profit-sharing plan (last year's bonus: $13 million). Though Eastman's earnings for the first nine months this year were down about 17% from 1948, it's common, stock dividend was higher ($1.70 v. $1.60 last year). Therefore, the bonus, based on the dividend paid to stockholders, was higher also. Paid to everyone employed before last October, the bonus consists of $25 for every $1,000 earned...