Word: pensioners
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Dates: during 1940-1949
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Five months ago he got a chance to strike back at Ward, who had piloted the company through the lushest days of its World War II boom. Ward had decided to retire (the board had voted him a $25,000-a-year pension for life). Sherman Fairchild (who still owned 95,000 shares) formed a committee to defeat the pension. Ward was alarmed and withdrew his plan. Fairchild went ahead with his committee. Its new purpose: to oust Ward...
Also beyond the budget are uncounted hundreds of other expenditure bills-everything from a crossroads postoffice on up. Biggest of the independent bills is the veterans' pension plan which Mississippi's John Rankin rammed through the House; the VA estimates it would cost an average of $1.4 billion a year...
...Workers Union reluctantly decided not to ask for wage increases for its 120,000 members in the cotton-rayon industry when the present contracts expire in September. The Ford Motor Co. also decided the time had come for plain talking. It turned down the U.A.W.'s wage and pension demands and proposed freezing wages for 18 months. Said Ford's Bargainer John S. Bugas: "It would be utter folly to take any action which would increase the price of our products." The A.F.L. agreed. In its official Monthly Survey it warned that wage demands could force employers into...
...Hardly one of our laity realizes the disgraceful truth that our Church, the richest communion in the richest land on earth, pays faithful servants who retire because of age an average pension of $76 per month; that she pays those forced by illness into earlier retirement about $65 per month; that she has the coldhearted callousness to pay the aged widows of deceased clergy the miserable pension of $31 monthly...
...priest died. He was a man of more than average ability, a scholarly man, appointed by his bishop to serve as an examining chaplain ... He retired in poor health at 68 and in a few months died. Our rich, generous and purportedly Christian Church granted his widow a pension of $27.60 per month . . . Our Episcopal Church tells the widow of a priest to live on $6.50 per week ... on less than $1.00 a day. God pity us; for her we need not pray...