This week, as U. S. retail sales reached their annual peak, U. S. corporate largess did the same. Directors shook the Christmas tree, brought down a shower of bonuses, raises, extra dividends.
Biggest downpour was in Detroit. Signing a new agreement with United Auto Workers, Chrysler Corp. granted bonuses of $40 each to some 60,000 workmen (in lieu of vacations with pay), a 2ยข raise in hourly pay besides. To most observers, it looked as if smart Chrysler had made another smart move. The $40 bonus, which will give employes about $2,250,000, actually will cost Chrysler only about $855,000 net (considering...
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