Word: year
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Dates: during 1940-1949
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...blue cardboard placards in Manhattan's Hotel Roosevelt last week were signs announcing: "Profit sharing makes every worker a capitalist." The two-year-old Council of Profit Sharing Industries was holding its annual meeting, and it had plenty of figures to back up its slogan. Starting with 16 companies, the council has grown rapidly; it now represents 155 companies with gross sales of $3.5 billion a year. Last year the 240,000 employees in the companies received about $40 million in profits, or an addition of 5% to 117% to their regular wages...
...Some Bad Times." Until ten years ago, said Clarence Wimpfheimer, president of Stonington, Connecticut's American Velvet Co., there were frequent labor disputes and "I had some bad times with the boys." After a 16-month strike, Wimpfheimer adopted a profit-sharing plan for his 350 employees, all members of the C.I.O. Textile Workers Union. The company, which has had no work stoppage since then, last year paid $180,000 into profit-shares and pension funds, equal to 22% of each man's wages...
Some Not Convinced. The most generous profit-sharing plan of all is at Ohio's Lincoln Electric Co., which last year paid out sums amounting to 117% of employees' salaries; its 1,200 workers got an average of $7,212 apiece, including wages...
...Germany Year Zero. Roberto Rossellini's realistic camera turned loose on a twelve-year-old boy's struggle for grubby existence in postwar Berlin (TIME, Sept...
Bargain. In Chicago, Zoologist Robert Bean announced that the price of an elephant, which was $4,000 last year, has gone down...