Word: planned
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Dates: during 1950-1959
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Many of the Congressmen who obediently voted for Nehru's resolutions insisted privately that they were against them. The Times of India labeled the plan a "distribution of poverty," and Frank Moraes, well-known editor of the Indian Express, called it "a cowardly alibi for collectivism." Critics raised the specter of farm collectives and feared India was headed toward the "communes" of Red China. Nehru at first railed at these "phantom fears," then grew more bitter, finally snapped: "Well, if it comes to Communism...
...trial Brigadier Ahmed Abdulla Hamid, Minister of Agriculture and Irrigation, who had been chosen by Shennan and Moheiddin to head the new Supreme Council, was placed under house arrest. Testimony showed that among those slated for the revamped council (although neither knew of the plan) were one of the members of the court-martial itself and the army's chief investigator, who had prepared the case against Shennan and Moheiddin. Shennan haughtily denied that he would have confided in a 26-year-old captain ("He was not of my age, my rank, my standing"), and accused former top officials...
Tigris in the Gardens. Prime case in point is Gropius' new plan for Iraq's University of Baghdad. The $70 million project seemed a lost cause when General Abdul Karim Kassem swept to power last summer. Never one to give up easily, Gropius last January flew to Baghdad himself with plans and models, found, to his relief, that Premier Kassem was enthusiastic.* Kassem's only cavil: the university was not big enough. Gropius promptly agreed to increase the size by one-third (from 8,000 to 12,000 students...
Heart of the new plan is a substantial increase in the base pay to 60% of total executive pay last year. Homer's new salary would be $306,749. On top of that, instead of a regular bonus, he and other executives would get special "dividend units," computed on the size of earnings and dividends, entitling them to receive dividends on the same basis as stockholders until 15 years after they retire (or to their estates if they died). Initially, these dividends would be small (e.g., Homer's share, based on 1958 figures, would have been only...
...salary, plus $411,249 in bonus, making him the highest-paid U.S. corporate executive. For years many Bethlehem vice presidents have been paid more than presidents of larger companies. Last week Homer and the 19 other Bethlehem executives who share in the company's lush incentive plan took a drastic pay cut. As a result of a suit brought by seven minority stockholders, who complained that Bethlehem's brass is overpaid, the company proposed a new salary plan for stockholder approval July 28. If the plan had been in effect last year, it would have trimmed...