SHARING THE PROFITS: Businessmen Get a New Religion

IN U.S. industry, there are no more fervent evangelists than the growing number of businessmen who believe that profit-sharing is the answer to the problems of productivity, morale and retirement. Forty years ago, no more than 60 American companies shared profits with their employees. Last week some 8,000 profit-sharing plans were on file with the Bureau of Internal Revenue. Each month 200 more are pouring in for approval. Among the recent converts: Chicago's Bell & Howell camera company; Manhattan's ad agency, Batten, Barton, Durstine & Osborne; the National City Bank. A...

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