Word: lincoln
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Dates: during 1940-1949
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Orson Welles, chairman of something called the action committee of the Free World Association, warned a Detroit audience against the rise of a new U.S. Fascist whom he visualized as a man "with the charm of Will Rogers-a little like Abraham Lincoln, but an ex-football player...
Tall, white-haired James Finney Lincoln of Cleveland is a hard man to his foes-and a gold mine to his employes. His obsession on incentive pay has led him into one head-on collision after another with the U.S. Treasury, the U.S. Navy, and even the U.S. Congress (TIME, June 8, 1942). But it has also been responsible, he unshakably believes, for making his Lincoln Electric Co. the world's biggest, lowest-cost producer of electric welding equipment...
Last week James Lincoln backed his pet economic theory with a smacking $3,000,000 annual bonus that will give every Lincoln employe, on the average, about as much as he has already drawn for the year (average per worker: $2,250). This will also add up to $50,000 on the paychecks of a few key men. In so doing, James Lincoln told both the Navy and the Treasury to go to hell, in those exact one-syllable words...
Thus James Lincoln subjected himself to a very considerable financial risk. Item: he is now in the courts defying the Navy to renegotiate him out of $3,250,000 of 1942 "excess profits" (this is the first fullblown test yet of the renegotiation law). Item: he has also gone to court to contest a Treasury ruling that he overpaid...
...Manhattan's G.E. building, he had a sunlamp which he turned on whenever he felt a sneeze coming on; a framed copy of Edgar A. Guest's It Couldn't Be Done ("and he did it"); a television set. He took a plaster bust of Lincoln with him to his Washington office...