AVIATION: Walter and Olive Ann

The plushiest employe profit-sharing plan in big corporation history last week was announced by Beech Aircraft Corp. The scheme—which was okayed with a whoop and a holler by Beech's 6,000 employees—gives them one-half of all company profits. Distributions (50% cash, 50% U.S. Defense Savings bonds) will be made every three months on the basis of the preceding quarter's earnings. Beech thereby expects to generate enough worker cooperation and efficiency at least to offset the cost to the stockholders.

Beech was an unusual planemaker even before it announced this unusual plan. The biggest U.S. mass producer of heavy, twin-engined bomber trainers,...

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