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Some companies slashed pay unilaterally. Ford CEO Harold Poling, for example, took a 6.6% pay cut last year, while Avon boss James Preston froze his salary at $610,000 and lowered his bonus 23%. IBM chairman John Akers took a 40% cut, reducing his compensation by $1.1 million, to $1.6 million. Others are revamping their pay structure. AT&T junked its stock-option plan in favor of an incentive package based on staggered performance targets...

Author: /time Magazine | Title: Executive Pay | 5/4/1992 | See Source »

...ride out and get 'em. He further urged the State of Texas to deploy a delegation of local leaders to confront the Pathet Lao and the Viet Cong and to demand the release of Texas POWS. Our then Governor, known to all as POP Smith, for Poor Ol' Preston, was intellectually challenged by the task of getting from the Mansion to the Capitol every day. You could almost hear the entire legislature gulp at the mind-boggling prospect of POP Smith debating the Viet Cong...

Author: /time Magazine | Title: The Billionaire Boy Scout: ROSS PEROT | 5/4/1992 | See Source »

...Left: What's Left?--by Margaret Cerullo, Hampshire College; Becky Johnson, director, Women's Economic Development Project of Women for Economic Justice; and John Preston, author of Flesh and the Word. Boylston Hall, Auditorium, 7:30 p.m. $3 donation...

Author: NO WRITER ATTRIBUTED | Title: At Harvard | 3/5/1992 | See Source »

...enjoy the confidence of the Bank's senior management," he said. "The president [Lewis Preston] has labeled the matter closed...

Author: By Sarah G. Matthews, CONTRIBUTING REPORTER | Title: Summers: Memo 'Ironic' | 2/25/1992 | See Source »

...completely renovated the bar, so we decided that it would be appropriate to change the name," said Preston E. Owen, acting manager of the sports...

Author: By Melissa Lee, CRIMSON STAFF WRITER | Title: Troubled Bar to Reopen With New Name | 2/4/1992 | See Source »

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