Word: pension
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...raises in specific places and departments where they were long overdue, hoped to stir up employee initiative by loosening the tight controls imposed by Avery, e.g., allow buyers to buy-virtually impossible under Avery. He hoped to open up a new store or two, lay plans for an employee pension plan, put an end to the traditional Avery policy of secrecy with the press. To replenish Ward's ravaged top executive echelon, down to one vice president, he began setting up a new management team. In one day he named three new veeps from the ranks: Ward...
...been added to each worker's pay in cost-of-living raises. The union wants this added to regular base pay so that it will not be lost if the cost of living declines. It also wants the hourly wage boost based on improved productivity, plus increased pension payments and other benefits. The combined cost of all this, said the union, would be much less than it had won in some previous bargaining sessions, such as 1946. when it won 18½? plus some "fringe'' benefits. But Detroit automen estimated that the union's demands would...
...military career. As a bright young lieutenant in the Siamese army, he was rewarded with a four-year scholarship to study gunnery at Fontainebleau. France. In Paris in the '20s, he became friendly with Pridi Phanomyong, a Siamese political-science student who lived in the same pension; the two were destined to become political Siamese twins for the next 30 years. At the tables of the Café de Flore and the Deux Magots on the Left Bank, Phibun, Pridi and fellow expatriates plotted a revolution at home. Their schemes worked out successfully in the revolution of 1932, when...
...opposition paper. Lichty wants to stay near the newsroom he knows because he likes to keep his lampoonery of everyday situations tied firmly to the news. Reported the assistant to a corporation president in one recent Lichty cartoon: "A guaranteed annual wage, a guaranteed annual bonus, a guaranteed pension plan is fine with the employees, chief. Except they would like a guarantee you won't go broke." Lichty's one-panel situations take place everywhere, from the home (wife to husband: "I cook, wash dishes, keep house day after day and what do you do? Once a week...
...meeting nevertheless. Even before B. & M. officials counted the proxies, they were ready to admit defeat. Both Board Chairman Edward S. French and President Timothy G. Sughrue resigned in expectation of a McGinnis victory; they were afraid that if they stayed on and were fired, they would lose their pension rights. They acted wisely. In the counting, McGinnis and his group won easily, 273,237 v. 197,142. The victory gave McGinnis and friends control of a road with 3,200 miles of track in New England and a 1954 operating profit of $3,987,721. With...