Word: greenewalts
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...salary and bonus last year. Best paid: General Motors President Harlow H. Curtice with $776,400. Second was Bethlehem Steel Chairman Eugene G. Grace with $705,923, and third G.M.'s Board Chairman Albert Bradley with $701,525. Right behind was Du Pont President Crawford H. Greenewalt, whose $642,619 came from a $178,619 salary and a whopping $464,000 bonus. A few notches lower, Chrysler Corp. President L. L. Colbert picked up a $249,800 bonus for boosting car sales, thus doubling...
...file duck overtime work to keep out of higher tax brackets, but many an industrialist feels that the up-to-87% bite out of top management salaries is harmful. "The effectiveness of the money incentive is being eroded by the tax rates in the upper brackets," said Crawford H. Greenewalt, president of E. I. duPont de Nemours & Co.; "there are signs among the younger men that promotion is a little less attractive than it used to be ... When a promising young business executive decides that he won't try for the $64,000 question, when he decides that...
Dropped Names. Filed five years ago, the suit originally involved 186 defendants, including Du Pont Chairman Walter S. Carpenter and President Crawford H. Greenewalt. Since then, 154 of the defendants had been dropped, many of them because they were minors. Of the three top Du Ponts named, only 77-year-old Irenee survived; Lammot died at 71 before the suit went to trial, and Pierre, 84, died last spring. The suit was costly both in money (an estimated $5,000,000 for the defense, including $750,000 in hotel bills alone) and in men: the defense required a battery...
...grown so big that unless a broad effort is made to "humanize" it through the officers, the public will see it as only an impersonal conglomeration of plants. Giant Du Pont is one of those that has realized the need for a more personal approach, has made President Crawford Greenewalt its public face and spokesman. On the other hand, there are many corporate executives who still feel that when they have issued a handout to the press, they have done their duty. They make no attempt to make themselves available in press conferences, thus are often misunderstood or misrepresented...
...Pont de Nemours, a consistent stock-market leader, reported that its first-quarter sales of $403 million were down 8% from last year. Nevertheless, said President Crawford Greenewalt, profits were expected to be "well above net earnings realized in the first and last quarter...