WAGES & SALARIES: Keller’s Pay

WAGES & SALARIES

Just before he reached the retirement age of 65 last fall, Chrysler Corp.’s President Kaufman Thuma Keller moved into the post of chairman (TIME, Nov. 13). Last week Chrysler Corp. told its stockholders the proposed terms of its new contract with “K.T.,” who is now running the Government’s guided missile program. For five years if the stockholders approve Keller will serve as chairman at $300,000 a year (1950 salary as president: $250,800). After that, for the rest of his life, K.T. will be paid $75,000 a year for services he will be called upon to render. The $75,000 will be in addition to his pension of $25,200 a year.