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Sibson, a New Jersey-based consulting firm that monitors executive compensation, reports that the highest paid U.S. executive last year appears to have been Donald B. Marron, chairman of the Paine Webber brokerage firm, who received a 1983 salary and bonus totaling $2,012,788. Company financial statements for last year are still being published, and a higher income may yet be reported. Ten other executives from publicly owned Wall Street firms also received total compensation of more than $1 million. Four of them came from First Boston, an investment banking firm...
...Harvard advantage to a cozy 9-0. The Huskies responded at 16:42 with a little offense of their own. UConn right wing Lucy Valois took her lesson from the wrong sport, however, as she did a wonderful Joe Jacoby imitation in leveling Harvard blue-liner Taft. Karen Marron stepped into the newly created gap just like John Riggins and beat Kimmel, to pull the Huskies within eight...
...Diane Hurley, Suzanne Tanner) 7:17; H. Leachey (Sue Newell) 8:52; H. Deb Taft 10:14; H. Hurley (DiRubio, Tanner) 14:17; H. Hurley (Newell, Carroll) 1:07; H. Hurley (Carroll) 6:05; H. Carroll (Newell, Hurley) 12:15, H. DiRubio (Genie Simmons, Leachey) 14:16; C. Karan Marron (Judy Heman) 16:42; H. Taft 17:11; H. Christine Dooley (Kathy Conley, Mary Boland) 11; C. Nancy Graziano (Michelle Lweis, Marron) 4:26; H. Dooley (Taft) 16:02; H. Leachey (Tanner, DiRubio) 17:40 Saves, C. Debbie Kryspin, 12-13-18-43; H. Tale 7--7, Kimmel...
...retirement age to 70 (which could cut the program's projected deficit by two thirds) and allow workers to invest a sixth of their payroll taxes, as well as additional voluntary contributions (possibly matched by government dollars), in low-risk stock or bond funds. Such a plan, says Donald Marron, CEO of Paine Webber and chairman of the bipartisan National Commission on Retirement Policy, "doesn't break the budget, lifts more elderly out of poverty and makes everyone an owner of the American economy...
Speaking in London, Donald Marron, president of Paine Webber-which itself has merged with Mitchell, Hutchins Inc. -delivered an apocalyptic forecast. Said he: "The institutional equity business [e.g., handling of purchases by pension funds, insurance companies and bank trusts], standing by itself with full trading and research services, is no longer profitable for anyone. We may one day see a situation like that in accounting, where the business is dominated by a small group of very large firms." That time may not be too far off. Even today well over half of all revenues of Big Board members is earned...