Word: payouts
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...Objections. Many union leaders feel that such plans tend to make workers feel like managers and soften labor's punch in collective bargaining (wage hikes and extra benefits, after all, come out of profits). The U.A.W. rank and file was disappointed that last week's American Motors payout was slightly less than last year, and Reuther, in negotiation with the Big Three, may be willing to trade off his profit-sharing demand if he can win shorter hours or higher wages. Some executives begrudge profit sharing to workers who (they think) do less to increase earnings than...
...producers as well as by IBM, Nabisco and Lockheed Aircraft. Lift for Stocks. One dividend boost in particular stirred talk and buying on Wall Street. Reflecting record first-quarter profits of $414 million, General Motors last week declared a special 50? quarterly dividend on top of its regular 50? payout, which will add an extra $143 million to the pocketbooks of its more than 1,000,000 shareholders. G.M. stock jumped 45 points to 73⅜ in the four trading sessions after the news-and lifted other stocks with it because many theorists hold that G.M. is a "leading indicator...
...have long been mindful of the danger of expropriation in Latin America, but willing to risk it so long as profits were high enough. To be lured into the more unstable Latin American countries, says Homestake Mining President John K. Gustafson, "a company has to see an awfully quick payout with about a three-year ceiling"-that is, a return of 337% on invested capital. But in recent years, the average return achieved by U.S.-owned companies in Latin America has dwindled to 9% v. 15% in Europe. Prime reason for this is inflation: Argentina's peso...
...Controls. For all deficient states, estimates C.E.D., the annual federal payout would be about $600 million. To protect the Government, states would get the money only if they boosted their own school spending to the national rate and kept it there. To protect the schools, no federal controls on education "whatsoever" would be allowed-"no federal requirement for 'loyalty oaths,' and no control of subject matter, teaching methods, teacher qualifications, or any other aspects of the educational process...
Superior's 422,264 shares, he and his family will get $413 million in stock. The swap is nontaxable, since no cash changes hands. The only tax is on the income from their 5,168,500 shares of Texaco. Annual income, at Texaco's current $2.35 payout: $12.4 million...