Time Clock, Oct. 22, 1956

TOP EXECUTIVE SALARIES averaged $87,000 last year, reports National " Industrial Conference Board after survey of 899 companies in 27 industries. Highest payers: rubber companies, whose chief executive officers got average $140,000 annually. Lowest: construction companies, whose No. 1 men averaged only $56,000 annually.

NEW CREDIT CARD is being pushed by American Hotel Association to combat other pay-later systems, notably the 300,000-member Diners' Club, which charges hotels and restaurants 7 % of the user's bill. Association's "Universal Trav-elcard" costs the same as Diners' Club membership ($5 a year), is recognized by 6,000 of U.S. hotels, the major car-rental chains and some theaters...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!