Word: payouts
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...people made out better than most in the industry's turnaround. Chrysler, with its U.S. Government-guaranteed loans paid back ahead of time and sales zooming, will resume paying dividends on its common stock in April, the first such payout in five years. As part of the Washington bailout, Chrysler workers were given stock in return for wage concessions. Since the average worker now owns 159 shares, the 150-a-share dividend will mean about $24 each for 68,000 Chrysler employees. Chairman Lee A. Iacocca, with as many as 565,000 shares, will be a particularly big winner...
...build up their employees' retirement funds during the employees' working years. Explains Barnet Berin, of William M. Mercer, a New York-based compensation consulting firm: "The private pension system puts in contributions that are invested over the years prudently to build up reserves sufficient to make the payout. The fact that the population ages does not really matter. Even though there is a smaller working population and a larger retired population, the private system should...
...TIME board also raised questions about the Administration's second round of budget cuts, notably those involving Social Security. No member of the TIME board contests that the Social Security system is in trouble. At current payout rates, the Social Security trust fund could run out of money by late 1982. There was sharp disagreement, though, with the Reagan Administration's remedy. One part of it calls for limiting the benefits of early retirees. Pechman expressed concern that the proposal would mean harsh treatment for such people...
Their challenge held up a $300 million payout to residents...
Ford agrees to Pinto payout...