Word: dividend
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...HIGHEST DIVIDENDS EVER are expected this year. Standard & Poor's found that in June there were 82 dividend boosts (v. 55 a year ago), only four cuts (v. 58) and 13 omissions (v. 40). It believes that "an unusually large number of extras will be voted near the close of the year, making 1959 the best year on record...
...Post's bold policy has brought big success-at least in New Guinean terms. Today the company pays a 10% dividend to investors, has assets of $270,000. Last week it let a $22,500 contract for a new brick headquarters. In Port Moresby's bureaucratic circles, the Post may not be as popular as it is among jungle tobacco hounds, but the saucy voice of New Guinea is never ignored. Confessed one Port Moresby official, in the kind of tribute that Glover, Eskell and Stephens set up shop in New Guinea to earn: "The Post keeps...
Heart of the new plan is a substantial increase in the base pay to 60% of total executive pay last year. Homer's new salary would be $306,749. On top of that, instead of a regular bonus, he and other executives would get special "dividend units," computed on the size of earnings and dividends, entitling them to receive dividends on the same basis as stockholders until 15 years after they retire (or to their estates if they died). Initially, these dividends would be small (e.g., Homer's share, based on 1958 figures, would have been only...
...drive and charitable organization. Though he makes more money ($402,389 last year) than all but a handful of men in U.S. industry, he lives modestly, thriftily drives a 1955 Oldsmobile. He speaks and eats sparingly, never smokes, has a single drink of Scotch each evening (with an occasional "dividend...
...Washington, Griswold persuaded the New Dealers to accept the "conduit theory" of taxation, which looked on the funds as a "conduit" for investors, freed the funds from paying federal tax so long as they distributed their capital gains and at least 90% of their dividend income to shareholders. Since the funds pay out all their earnings, this in effect frees them from paying taxes. In return for this concession, Griswold and the funds agreed to back other business tax proposals that President Roosevelt wanted. Griswold also helped draft the regulatory laws for the industry that came...