Word: cash
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Dates: during 1960-1969
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Automobiles' golden year showed up on the paychecks too. General Motors Chairman Frederic Garrett Donner, 60, set an alltime automotive industry record in 1962 by earning $791,475-$201,475 in salary and directors' fees, a cash bonus of $442,500 to be collected over five years to soften the tax pinch, and $147,500 in "contingent credit"-the bonus value of G.M. stock options he was granted for 1962. The mathematics might seem a little complicated to anyone less skilled in figures than Donner, but G.M. had a tax-conscious explanation: Donner theoretically would have only...
...behind; he got $726,100. Two executive vice presidents earned more than $600,000, and four other G.M. vice presidents were paid more than $500,000. Over at Ford, helped by record 1962 sales that lifted executive bonuses, Chairman Henry Ford II earned $540,000 in salary and cash bonus last year. Ford's retiring President John Dykstra earned $515,000, and incoming President Arjay Miller got $417,917. Ford's ten top officers serving as directors received at least $215,000 each...
...Vienna, where his intelligence and good looks soon earned him a wide circle of friends. One of them was Adolf Eichmann, who in 1938 was busy planning the expulsion of Jews from Austria. Rajako-witsch volunteered his services to Eichmann, provided a neat formula whereby the Nazis got quick cash ransoms from Jews who were forced to quit the country. When Rajakowitsch formally applied to join the SS, Eichmann wrote a warm letter recommending him as "somebody who puts himself at the disposal of the cause with heart and soul, a National Socialist of the purest race...
Holes in One. Miniature golf, idiot's delight of the Depression years, is also coming back strong. In the 19303, Tom Thumb courses sprouted in everybody's vacant lot, set up for about $30 in cash, some scrap lumber and a can of paint. Today they tend to be elaborate and mass-produced, leased on a franchise basis...
...Empire. Forgetting Alleghany, the Murchisons are now concentrating on knitting together a huge real estate development empire. When they sold 600,000 shares of Nashville's Life & Casualty Insurance Co. (current market value: $19 million) last week, it was generally believed that the reason was to raise cash for real estate. In a joint venture with Builder Paul Trousdale, the Murchisons are constructing three huge housing developments in California and two in Hawaii. Their Centex construction outfit in Dallas is already building or has plans to build apartments, military housing or industrial parks in seven states. The Murchisons...