Word: pension
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...general proposals, and once he has felt the companies out, he will surely inflate one of his goals into a major issue. Though he has mentioned no specific wage hikes, he talks of creating new jobs through earlier retirement or a shorter work week. He wants to improve pension and unemployment-benefit plans, wants production workers to be paid salaries instead of hourly wages, wants the companies to pay all of hospital insurance premiums. He also wants the U.A.W. to share in "the fruits of automation"-but says he is willing to listen to the companies' ideas about...
...meant to be independent enough to act as a check on injudicious political tampering with finances. "Under such circumstances," he said, "I cannot and will not resign quietly." As Coyne told the story, he was first ordered to resign because the Cabinet was "upset" over the $25,000 pension unanimously voted him by the bank's board of directors 16 months ago. Obviously, said Coyne, this was not the reason, since the Cabinet waited so long to indicate its disapproval. The real dissatisfaction with him, said Coyne, was the fact that the government was "preparing certain programs which were...
...like to see his troops being ridden out of town on a rail. Piggybacking, claims Hoffa, has already cost the jobs of 20,000 teamsters. To fight the rails, he is pushing a new "tax" on truckers, requiring them to pay $5 into the union's welfare or pension funds, beginning next year, for every truck they Diggy back. Hoffa has already signed the irst such contract with Midwest truckers...
...Resor's top hands were also eliminated: Samuel Meek, 66, who has run Thompson's international operation for 36 years, and Henry C. Flower Jr., 64, a 33-year Thompson veteran. Both Flower and Meek will continue with the agency as directors and members of the pension fund. But a rush of younger blood has taken over Thompson's power positions; actual control has passed to a younger generation of newly created senior vice presidents, each with the stamp of approval from Thompson's president and chief executive officer, Norman Strouse...
...They are both older now," says Strouse, "and it was decided that for the best interest of the company, the stock should be sold so that it would not be tied up in their estate." The sale put control of the agency in the hands of a seven-member pension committee...