Word: payouts
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...into their involuntary savings. They also complain that the amount of money they get back is inadequate because it does not reflect the growing value of the fund's assets, which are now worth an estimated $300 million. Military officials of the fund reply rather lamely that the payout is kept low so that increased investment of plowed-back profits will yield even greater benefits for future generations of officers. Though most officers are dissatisfied with this explanation, few, if any, believe that there is any rake...
...defined by the Pay Board in Washington. In general, companies can grant the same size bonuses as in previous years. If a firm paid little or no bonus last year because business was bad, but had a record in prior years of giving a bonus, this year's payout would probably be permitted. Companies that seek to raise their bonuses are expected to adhere to the board's 5.5% limit on overall pay increases. Thus, whatever a company adds to its bonuses, it will have to subtract from its increases in wages and benefits in order to stay...
...much a question of money; the company increased its quarterly payout from 13? to 14?, or a total of only $46,000 on all outstanding shares. Rather, as Florida Telephone President Max Wettstein told a four-man board at the Cost of Living Council in Washington last week, it was a question of principle-and sound business practice. The company needs uninterrupted dividend growth, he explained, in order to attract new capital for its construction program. Besides, Wettstein pointed out, President Nixon does not have congressional authority to freeze dividends, and the 10 increase cannot legally be rescinded...
...generally pays about $1,000 a year, or 5% in dividends. But Kelsonian economics calls for a return of at least 20%, or $4,000 a year-a level that Kelso figures could take 5,000,000 families off the welfare rolls in five years. To increase the dividend payout, Kelso would gradually abolish corporate income taxes and require companies to distribute all of their earnings to stockholders. Kelso maintains that the Government's revenue loss would be temporary and bearable. One reason is that rising personal-income-tax collections would greatly offset the gradual decline in corporate...
...interest per year on the initial outstanding debt of $1,000,000. The sale called for the principal to be paid off within five years. Normally, such an undertaking would require prodigious amounts of cash: annual payments of $175,000 for five years and then a liquidating wallop payout...