The Press: Sharing the Progress

Eugene Meyer, the high-domed, pince-nez-wearing publisher of the Washington Post, the Capital's sole big-league newspaper, last week announced a plan to share with his employes not the profits—which are nonexistent—but the "progress" of his paper. What was more, Publisher Meyer meant dollars and cents.

The plan: two-thirds of any improvement over last year's financial results will be paid the Post's 600-odd employes. One-half the bonus, if any, will be distributed on a per capita basis, the other half on a percentage basis figured from current salaries. Nothing eleemosynary about the plan, it was officially explained, merely a straight business proposition to bring...

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