While the Nixon Administration's wage controls have aimed at holding raises for ordinary workers to 5.5% a year, some top executives have been do ing rather better than that. According to a Business Week survey, Chrysler Corp. Chairman Lynn Townsend last year got a 209% increase in total compensation, to $649,850; TWA President Forwood C. Wiser Jr.'s compensation went up 157%, to $296,298. Such in creases did not violate the guidelines; a company could give its chief an enormous boost, keep the lid on subordinates' raises, and come out with an average 5.5% hike for all employees, which met...
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