High-salaried executives get a lot of complaints about the size of their paychecks. Recently, 29 corporation presidents got the same letter from a complainant named Guy K. Benson, of Manhattan. Benson wrote that he was a small stockholder in their companies and that he thought their salaries too high; they should be cut. The presidents had no way of knowing that Forbes Magazine had put Mr. Benson, a free-lance writer, up to his letter-sending. It wanted to make a sly test of corporate public relations.

Last week Forbes published the results. The two...

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