Word: bonuses
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Dates: during 1960-1969
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Henry J. Kaiser, 80, and his son Edgar, 54, have entered into a unique agreement with the Steelworkers union, believing that the best way to keep labor costs reasonable is to peg them to production costs. Last week Kaiser Steel Corp. released the first results of its radical new bonus plan, under which workers divvy up 32.5% of whatever the company saves by cutting costs or increasing productivity. To 3,930 employees went bonuses averaging $79 each for March, when the company was able to save $962,000 against expenses in 1961, the base year. Bonuses ranged from...
Today. Pelé's mere presence in the Santos line-up ensures a sellout crowd anywhere in the soccer world. His income from salary, bonuses and extras will come to about $40,000 this year. He can have more, any time he wants it. Last year Milan's Internazionale offered him a $60,000 bonus to sign a contract, and another Italian team. Juventus. was willing to go as high as $300,000. Spain's Real Madrid told Pelé to set his own price. Pelé turned them all down...
...miners are unhappy with the settlement because neither of the goals which became the symbols of the strike was achieved. They had demanded an immediate 11 per cent wage increase and a $40 bonus when they returned to work. They received instead a $4 bonus and a 6.5 per cent immediate wage increase...
...more come-ons that they used to charge extra for: wall-to-wall carpeting, fully equipped kitchens, swimming pools and. in San Francisco, even sauna baths. This is largely in response to the challenge from apartment builders, who woo potential homeowners with such inducements as free moving, a bonus of trading stamps, several months' free rent or even free furniture. Too many new apartment houses have been built in many areas, but apartments are still expected to account for one-third of 1963's housing starts...
Rucker is a possible gift from God. During his junior year in high school in Oklahoma he so impressed the St. Louis Cardinals that they reportedly offered him a substantial bonus. The following fall, however, he injured his shoulder in a football game and hasn't been able to throw hard since...