MANAGEMENT: The Golden Touch

A big new problem for many a U.S. tycoon is how to stop making money, what with taxes, the opprobrium attached to high earnings in wartime, and all. But when a tycoon has used extraordinary ingenuity for many years in devising ways & means to make the money roll in, he cannot easily or suddenly disengage himself from the golden flow.

One American Midas who has struggled rigorously to keep the money from rolling in is Thomas John Watson, president of International Business Machines Corp. He was No. 2 on the 1939 list of the top ten salaries ($442,560). Of...

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