Word: elroy
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Dates: during 1940-1949
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Loudest protest against the price-freezing order came from Elroy J. Kulas of Otis Steel, who said the labor upping would cost his company $1,200,000, almost twice its last year's $717,000 profit. But even pro-steel sources pointed out that more than half of the wage increase, for the industry as a whole, will come out of the Government's pocket rather than out of the steel mills'. Reason: the corporation and excess-profits taxes which now take 62% of all earnings of $500,000 or more over the base exemption (and will...