Word: paid
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Dates: during 1970-1979
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Byrne's biggest problem has been the transit strike. By taking a tough stand, she initially had public opinion on her side. The 11,000 transit workers are among the highest paid in the nation; experienced bus drivers make $10.58 an hour. Only a week before the walkout, a settlement seemed in sight. The two Amalgamated Transit Union locals agreed to two cost of living increases a year with a 14% annual ceiling. But then talks abruptly broke...
...huge painting of scarlet lips suspended over a landscape, the work of American-born Dadaist and Photographer Man Ray, sold Nov. 5 at Sotheby Parke Bernet in Manhattan for $750,000. It was by far the highest price ever paid at auction for a surrealist work...
...been only in the past decade or so that the big sales have been covered by the press as Events; the sums paid for art used to be buried in newspapers along with ship arrivals. Now, with the tremendous increases in fine arts prices and the expansion of public interest, big auctions have become flash bulb and video-tape fiestas. To a large extent the transformation has been wrought by Sotheby's, the world's largest, canniest and most aggressive house. In the late '50s Sotheby's introduced such techniques as international telephone hookups, bidding...
...terms of the job his advice was impeccable. Until The Rose, he turned down every film role that was offered, waiting for the one that would let her shine brightest. People laughed at the time, but on her European tour last year, he even demanded that she be paid in gold. He was turned down, but the idea was far from laughable. Gold has since more than doubled in value...
...annually. Other changes were more painful. The number of salaried employees was reduced to 16 from 50, and the top six managers took a combined pay cut of $71,000 a year. With union support, Broadwater dropped hourly wages to a flat $5, from as much as $6.50. Paid holidays fell to eight from twelve. Vacations, which had averaged five to six weeks annually, were reduced and dropped altogether for the first year. Also axed: the costly pension plan, which had been chewing up $900,000 a year, or between 6% and 7% of the operating budget. Instead, the shareholder...