Word: overpaid
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...Lockwood has, since 1925, pressed one damage suit after another against Aluminum Co. of America. No sooner had the Pittsburgh jury dismissed the case against him than Mr. Mellon turned around and filed a petition with the Board of Tax Appeals for $130,045 which he claimed he had overpaid on his 1931 tax return. In September the Board published its reply, in which was discerned the fine Connecticut hand of Homer Cummings. It revived the old tax evasion charge, added a 50% indemnity for fraud, this time demanded $3,075,103 in back taxes and penalties. It openly accused...
...Leonor Fresnel Loree, grizzled old president of Delaware & Hudson, last week addressing Manhattan's Bond Club took occasion to tell his youngers how wrong are nearly all popular beliefs. Particular joy did he take in casting his spear at the Senate doctrine that business executives are overpaid. Declaring that good executives are too scarce, he came out for "an extension of the powers of management and its freedom from unwarranted interference by its associates [Capital & Labor] and by the politician. Its authority is now too limited and its compensation too inadequate...
Nagel does not agree with President Roosevelt's statement that movie stars are overpaid. He said: "Take Mae West--she was the whole attraction in her picture, 'She Done Him Wrong.' The picture took in about $2,500,000; and yet Miss West probably received less than two per cent of that figure. As long as she brings in the box receipts, she should get the money; because in ten years probably no one will know who Mae West...
Arithmetic for Stockholders. Mr. Wiggin, good-natured, sure that he had not been overpaid, lost some of his good humor when questioned about Chase Securities Corp. Mr. Pecora made him admit figure by figure that the company (which sold $6,000,000,000 of securities, 5.68% of which went into default) had to reserve for losses 77% ($120,000,000) of its aggregate capital and earnings since 1917. To Mr. Pecora's charge that the company's reports to stockholders* had hidden losses Mr. Wiggin entered denials. Mr. Pecora gave him the company's reports...
During the prosperous 1920's the Town felt a little sorry for the Gown. The professor had security, of course, but so had everyone else and no professor was considered overpaid. As the decade closed and the Town, its income reduced, had to go on supporting State universities by paying taxes, sympathy for the poor professor vanished. This year Depression has caught up to the universities with a vengeance. Of Ohio State's dismissed employes, 57 ranked from instructor to full professor, 127 were junior staff members. 52 nonacademic. Seventy-three others were put on part-time. Seven...