Profitability has its rewards
The 950 employees of Shaklee, a San Francisco health-food manufacturer, stood and applauded early this month when they heard about their upcoming Christmas presents. Chairman J. Gary Shansby announced that the year-end bonuses would be boosted from the 5.5% of their salaries that was paid last year to 12%. Said Personnel Director Al Cotton: "They were ecstatic."
Many U.S. companies have been giving out similar good news in recent weeks. Following three years of recession, bonuses are back with a bang. After-tax corporate profits in 1983 will reach some $130 billion, an increase of almost 14% from 1982, and...
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