Word: pension
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Dates: during 1960-1969
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...turn, the publishers agreed to give dismissed printers eight weeks' severance pay instead of the three weeks' called for in their present contract. Altogether, the package won by the printers totals $1,105,000, of which $512,000 is slated for severance pay, $194,000 for union pension and welfare funds, $25,000 for sick leave. The publishers are paying the printers $333,000 for the right to transfer type from one paper to another without having it reset and $41,000 for the use of outside tape to set stock tables...
...Stocks & Pensions. What is often overlooked in such a discussion is that the welfare of workers, shareholders, pensioners-indeed the entire economy -depends very directly upon corporate profits. When profits rise, companies are much more generous in raising salaries and wages. Equally important, profits are what make the stock market move; the price of a company's stock is determined essentially by its profits and prospects for earnings growth. Almost one-quarter of the nation's families now own stock; in addition, one-half of all Americans have indirect holdings in stock through pension and profit-sharing funds...
...week reminded investors that "it is important, at all times, for people who assess the potential rewards of sound investment to ponder as well the inherent risks of ill-advised or casual speculation." Everybody talked about the small investor, but Etherington seemed to be pointing as well at mutual, pension and investment funds. Rules and reminders, however, did little to bank the fires. Last week, therefore, in the most stringent set of rules ever adopted, the two exchanges simultaneously cracked down...
...whole. This new generation has grown up with fewer class inhibitions and, equally important, amid rising affluence. Money is much of what makes London go, go, go. "When I was a kid," says Actor Terry Stamp, "I was indoctrinated with the idea of a job that would pay a pension at 55. Now the kids are prepared to spend what they've got. As a working-class boy, there's a real barrier in the mind. It's so strange to be able to do things. There has been a fantastic opening of horizons...
...papers' management, which regarded Newhouse as a foreign raider and would not even let him look at the company's books. Newhouse fought back by filing a flock of lawsuits; he charged that the papers' profits were being haphazardly poured into the already swollen employee pension funds. In turn, the newspapers ran stories belittling their boss...