Word: ekblom
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Dates: during 1950-1959
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...grateful directors of the Hupp Corp. last week voted a $110,000 bonus to Board Chairman John O. Ekblom, 64, on top of his $42,000 salary, for the crack job he did in pulling the company out of the red. To the directors' surprise, Ekblom turned down the bonus, saying that his salary "satisfies my needs and my appetite." He suggested that the money be used for incentive bonuses for Hupp's executives, who need it far more. Said Ekblom: "I want to focus some attention on the country's forgotten man-the corporation executive paid...
From all his ventures, Ekblom says that he has "sufficient wealth to provide for my family when I am no longer needed in industry." But many another executive has no such security. Says Ekblom: "I don't know the solution. Maybe the men in Washington who make up the tax schedule can do something about...