Word: pensioners
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Dates: during 1950-1959
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...hour, only a quarter of a cent more than the last industry-wide offer. To the Kaiser company, the terms made special sense because of its special situation, which includes a $14-a-ton West Coast premium on certain steel shapes, a newer work force costing less for pension improvements...
...bank with Morgan Guaranty. The U.S. Government leans on Morgan Guaranty as one of the principal dealers in government securities. The bank annually sends out more than 9,200,000 dividend checks worth $1 billion for corporations, takes care of investing $6.5 billion in trust funds. Morgan Guaranty runs pension funds for such big corporations as Johns-Manville, Kennecott Copper, Philip Morris, the New York Times. It runs them well. Alexander's current appraisal of the stock market is one of caution; the bank is now putting only one-third of new money into stocks, compared with its normal...
...brought in more than a dozen top executives, plucking them away from such firms as Revlon, Macy's and Marshall Field with generous stock-option plans, and he gave employee morale a quick boost by putting in a new pension plan. He reorganized Ward's management structure, bolstered confidence by delegating authority, scrapped Sewell Avery's outlandish rules. He began to change Ward's cash hoard into merchandising strength in 1955, since then has redecorated nearly 376 of the company's 566 stores, air-conditioned 73 of them, opened more than 296 new catalogue stores...
...wood and raking leaves in his native Sardinia. Last year, still suffering from his old mental illness, Lepori decided to retire-only to discover that he had not been on the ministry's permanent rolls and, after 15 years as a "temporary laborer," was not entitled to a pension. He argued his case tnrough the ministry right up to De Virgilio, who had no recourse except to give him a final no. Then, as Rome's Il Messagero said, in the tormented mind of Galvino Lepori "our complex, cold bureaucracy took on flesh and blood in the form...
...week's end, while Lepori dumbly awaited judgment, other Defense Ministry personnel officers were checking their records to see whether De Virgilio had worked the statutory 19 years, six months and one day. If not, his wife and children, like Lepori, will have no legal right to a pension...