Word: honorarium
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Dates: during 1940-1949
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...helped frame the constitution. In explanation, he says: "I wanted to prevent a dictatorial government which would give the Japanese even greater power." Roxas thinks that he was the only member of the commission who never cashed the 10,000-peso check which the Japs sent as an honorarium. (He says the check was burned with other papers when his house was destroyed in the battle for Manila.) He was appointed to the cabinet of puppet President Jose Laurel, but did not attend its meetings. U.S. officers who stayed behind during the occupation give Manuel Roxas the highest rating. Said...
...American Midas who has struggled rigorously to keep the money from rolling in is Thomas John Watson, president of International Business Machines Corp. He was No. 2 on the 1939 list of the top ten salaries ($442,560). Of this honorarium, $100,000 was salary. Most of the rest was extra compensation, in lieu of royalties, on his patents. After a $6 dividend to stockholders, Tycoon Watson took 5% of net earnings...