Suspended Plan. Said Alfred Pritchard Sloan Jr. to General Motors stockholders in his last annual report (in March): "So far as it is possible for any single institution to go in the way of discharging its responsibilities to its workers it is believed that this plan has to a very great extent been made to answer industry's social responsibilities to its workers."
The plan was G. M'.'s famed Employes Savings & Investment Plan (not to be confused with G. M.'s Bonus Plan which has swelled the fortunes of its executives). Last week G. M.'s...
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