Word: heintze
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There are, however, apparent exceptions to this rule, he added, citing the case of the Jack and Heintz Company, which was making enormous war profits, paying a secretary a $39,000 bonus and giving wrist watches to its employees...
Slapped through last April to quench public indignation at the scandalous profits in the Jack & Heintz case (TIME, April 6) and others, the present law provides that on all war contracts in excess of $100,000 the Army, Navy and Maritime Commission may investigate manufacturers' costs and scale down excessive profits...
...first it looked like another Jack & Heintz case of fabulous bonuses paid to evade taxes. A $4,100-a-year foreman got $25,000 extra; an $8,000 superintendent got $50,000; a $6,600 vice president got $50,000 too. All told, $2,071,315 was passed out in bonuses last year-nearly 10% of gross sales, and about 80% of net profits...
Allowed to mail the better-behaved issue of May 23. Editor Asher wrote of Lasswell: "This was a peculiar bird. This fellow who had more college degrees than Heintz has pickles, had formulated what he called a chart. . . . Well, the blamed chart looked to me like a Cartoon or one of the inventions of Professor Whatasnozzle in the Sunday comics...
...suddenly last fortnight 30% of U.S. editors piped down on the 40-hour week. Chief reasons: 1) news of the Jack & Heintz profiteering case (TIME, April 6) and Assistant Attorney General Arnold's attack on Standard Oil; 2) belated recognition by many an editor that the 40-hour week is not compulsory, that the real issue was overtime pay above 40 hours. Last week a bare 18% of U.S. editors still held out for a change in the 40-hour week...