Word: weinfield
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Dates: during 1960-1969
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Judge Edward Weinfield, who has a reputation for toughness, said that he had been inclined to jail the two men, but was deterred by their "past exemplary records." Said he: "Bread cast upon the waters is returning to the benefit of each defendant." The benefit took the form of fines, which were ap portioned to each executive's ability to pay. Stephens earns $175,000 annually, and last year his company also set aside for him a "deferred reward" of 1,209 shares of J. & L. stock - now worth $77,500 - which he will collect when he retires...
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