Business: Bethlehem Bonuses

Arguing that Youngstown Sheet & Tube Co. stockholders have—in view of proposed merger—a right to know how much Bethlehem Steel Corp. pays its executives, last fortnight Cyrus Stephen Eaton's smart attorneys ferreted a phenomenal fact from Bethlehem's President Eugene Gifford Grace. In 1929 he received a salary of $12,000; a bonus of $1,623,000. Elated at this success, last week the Eaton attorneys went for bigger game. If Mr. Grace received $1,623,000, how much might not Chairman Charles Michael Schwab get? But while the figure was successfully disclosed, it proved no point. For Mr....

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