Word: bonus
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...approximately 20 days of the eight months were spent by the House in calling the roll; 3) the first three months were principally frittered away in a prolonged wrangle over the $4,880,000.000 relief appropriation; 4) the second three months were distinguished by passage of the Greenback Bonus Bill which was vetoed; 5) the seventh month was marked by the passage of the dubious National Labor Relations Act. Most of Senator Robinson's pride sprang from what happened in Congress during the last month when the Social Security Act, the Motor Carriers Act, the Spanish War Veterans...
Shrewd Franklin Roosevelt never let his Bonus marchers get the Washington spotlight. Quick as querulous, down-at-heel veterans began shuffling into Washington, he began shipping them off to special relief camps in the South. In eleven such camps last week?seven in Florida, four in South Carolina?some 2,500 derelicts were being housed, fed, paid $30 to $45 per month...
...merchandising and style promotion, had a good salary and plenty of honor as president of McCall Corp. Mr. Noah was said to be getting $50,000 as vice president of Gimbel Bros., Philadelphia. The thing that clinched their bargain with American Woolen was the right to collect a bonus of from 22% to 6% of all net profits over $2,000,000. This request the company was delighted to grant. It had lost so much money in the preceding three years that the stockholders had actually thought of giving...
...woolen mill. They had to get along on their salaries alone the first year when American Woolen lost $2,800,000 and the second year when it lost $7,200,000. But profits for the third year (1933) were $7,053,000. Mr. Warner collected $170,000 in bonuses, Mr. Noah $273,000. They were sorely disappointed when American Woolen flopped back into the red in 1934. But they were not nearly as disappointed as the stockholders who, having tasted the blood of profits, wanted more & more. They openly accused President Noah of not taking the trouble to visit...
...Warner moved into American Woolen, management costs have been cut $5,000,000, unprofitable plants sold, bonds and preferred stock retired, plant values written down to save taxes. But they are taking no chances with disgruntled stockholders. Last week it was disclosed that they had voluntarily abandoned their bonus scheme...