Word: bonuses
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Dates: during 1960-1969
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...least 900 to the $4.93 the average steel-worker now receives in wages and benefits. By comparison, total compensation back in 1950 amounted to $1.91. Be sides a three-year pay increase of 440, the new pact calls for broadly improved pensions, a new $30-a-week vacation bonus and an eighth paid holiday. The two sides agreed to submit one of the thorniest problems, a union demand for expanded incentive pay, to arbitration. For the 400,000 steelworkers affected, the contract was especially lucrative when compared with the wage-and-benefit gains of about 3.5% won in the last...
...Special Bonus. Now white-thatched and ailing, Guino says that his belated suit grew out of "economic necessity and a desire for justice." Only the "exceptional relationship between two great artists," Guino's lawyer told the court, "made possible the miracle of Renoir-Guino sculpture." As recompense, he demanded nothing less than 50% of the royalties from all statue reproductions, past and future...
...contended that the Spaniard was merely a competent craftsman. "For there to be true co-authorship," argued the Renoirs' attorneys, "the law insists upon common inspiration and mutual control. Obviously in this case there was neither." Besides, the lawyers said, Guino has already received something of an added bonus-the family sponsored his career long after Renoir's death and even commissioned him to do a bust for the grave...
...Laughlin Steel Co., the nation's fifth largest steelmaker. The offer meant that LTV stood ready to ante up $425 million in one of the largest cash tender offers ever made; at $85 per share, it also meant that Ling, to ensure quick action, was paying a big bonus on shares that opened last week at $50, closed at $77, thereby moved up 27 points in five days as the camp followers took quick advantage of the war games. And since...
...Bonuses & Basketball. Still, the morale of U.S. troops remains high. One reason is a $65-a-month pay bonus that goes to troops who spend at least six days during the month along the DMZ. Behind the lines, U.S. troops live in Quonset-type barracks and enjoy plenty of movies and recreational facilities, including gymnasiums with basketball courts. In the nearby town of Sangpa-ri, they can buy a drink and find friendly feminine companionship. Another morale booster is the growing action itself. "When you get soldiers involved in an operation," says Lieut. Colonel Frank Romano, "their morale soars. They...