Word: bonus
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Last week the bonus was knocked in the head again. Ohio's Cuyahoga County (Cleveland) common pleas court upheld a Republic stockholder's contention that the extra $51,000 was too much of a good thing, ordered bluff Tom Girdler to give it back. Judge Stanley L. Orr laid it on hot & heavy: the size of the bonus, said he, had depended not upon Girdler's devotion to duty, but upon the size of the profits that were left at the end of the year. "If such conduct were approved," he said, "directors might soon forget that...
...does not prevent inflation. If a man wants a white shirt, the fact that the ceiling price is $2.50 is of no benefit, because there are no white shirts. If the retailer receives a shipment of shirts, he sells them to his old customers at a large bonus. And they are right to do so. They are trying to make as much money as they can; and at the same time they are morally resisting a tyrannous law--a law that tells them what to do with their own property...
...restive; there were plenty of warnings about what it might do if prices rose all along the line. Snappish Walter Reuther said that his autoworkers would break every contract and reopen wage negotiations; the C.I.O.'s packinghouse workers gave notice that they would demand a cost-of-living bonus in their new wage contract talks next month...
...when we see headlines like "U.S. defaults on wheat shipments," "Farmers offered bonus to release grain," can you blame us if we picture the average American as a well-fed, heartless individual lacking in moral character? In our hearts we know it's not true, but for heaven's sake why don't the people get a grip on things and see that the food gets . . . into the bellies of the starving...
...taken something more than conscience-stirring appeals to pry the grain off U.S. farms. The hard fact was that hard money-the 30?-a-bushel bonus-had been the major factor of success...