With monotonous regularity the Securities & Exchange Commission continues to impress upon news readers the fact that corporation executives make a lot of money. Little has been done to give SEC's flow of fat figures any real business meaning. Most scholarly salary study to date was made by Economist John C. Baker in the Harvard Business Review last winter. Sampling 100 corporations great & small, Economist Baker discovered, among other things, that in 1929 U. S. management salaries averaged 6.6% of earnings, that in the five years through 1932 they averaged 10.8%. Last...
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