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Despite such reservations, few companies have reported disappointment with existing plans. The Profit-Sharing Research Foundation recently surveyed 300 companies with plans, found that 77% considered them "successful" or "very successful," only 1% considered them a failure. Through such a plan last year, American Velvet Co. was able to add 24% to its employees' union wages while other textile companies were laying people off. Employees of the Midwest's E. G. Shinner & Co. meat market chain (33 stores) made so much out of profit-sharing that they bought the company. Even when profits turn into losses, the plan...

Author: /time Magazine | Title: SHARING THE PROFITS: Businessmen Get a New Religion | 12/6/1954 | See Source »

Like most successful old fiction pros, Novelist James Street (The Velvet Doublet, The Gauntlet) knows the value of a timely yank at the heartstrings. In his latest, Goodbye, My Lady, the yanking is continuous. His hero is Skeeter, a likable 14-year-old who lives with his illiterate uncle in a shack on the edge of a Mississippi swamp. Life is simple to the point of vacuity-a little huntin', a little fishin', some wood cuttin' when the groceries run low. "Swamp sprout" that he is, Skeeter dreams mostly of a "li'l old" shotgun. Uncle...

Author: /time Magazine | Title: Books: Li'l OId Tearjerker | 8/23/1954 | See Source »

...eager hands thrust fountain pens toward the big, swarthy man at the head of the velvet-covered table. Grinning, he dug into a pocket for his own pen, then scribbled his initials on the sheet of paper before him. Suddenly it was over and the room exploded into mad applause; the watching throng-soldiers, government officials, reporters-crowded in to pound his back and plant kisses on his cheek...

Author: /time Magazine | Title: Foreign News: O Free and Glorious . . . | 8/9/1954 | See Source »

...house his own canvases. Since then the gallery has grown steadily bigger and richer, and last year it added a strikingly modern, $1,500,000 wing. But for generations the student favorite at the gallery has been a thoughtful, kind-looking lady who clutches a rabbit to her velvet bosom. The painting is attributed to Piero di Cosimo, and beautifully combines Piero's relaxed good cheer with the dressy formalism of his native Florence...

Author: /time Magazine | Title: Art: PUBLIC FAVORITES (40) | 7/19/1954 | See Source »

Italy's powerful but ponderous Christian Democratic Party, gathered in convention in sweltering Naples last week, showed signs of new vigor, new spirit, new determination-even a new direction. In the gilt-and-red-velvet San Carlo Opera House (not air-conditioned), 703 delegates, plus party bigwigs and hangers-on, listened to some 100 speeches over the course of four days. On the top tier of boxes a huge banner read: Il Partito nella Lotta per la Democrazia (The Party in the Struggle for Democracy...

Author: /time Magazine | Title: ITALY: Young Initiative | 7/12/1954 | See Source »

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