U.S. Business: Success with Largesse

The year-end bonus of cash is not as popular as it used to be, partly because of labor's taste for bigger contractual fringe benefits and partly because of management's growing preference for more sophisticated executive incentives. Even so, the Bureau of Labor Statistics figures that U.S. manufacturers are paying production workers more than $600 million in year-end bonuses this season. Many millions more will go to executives and office help in such places as Detroit, where auto vice presidents often get bonuses equal to twice their salaries, and Wall Street, where 1964's record stock-trading volume means many bonuses of five to...

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