Montana labor news., 1937-08-12
More Big Salaries for Corporation
Executives

The parade of our industrial oVerlOrds WhO
obtain for themselves an exaggerated social
security paid for by the corporations whose
administrative policies the overlords develop
continue from day to day as the Federal Sc
curities and Exchange Commission receives
the reports required by law on the emolu-
ments which these executives awarded them
selves during 1886.
The large salaries are all the more impress
size 10hen it is realized that these corporation
officials are the gentlemen l0ho faced the
aDorkerS' Average yearly income during 1886
at SPA.
Among the outstanding corporation eXecu-
lives who have helped themselves to large
chunks of corporation funds are the follow
ing:
Ernest T. Weir, chairman of the National
Steel Company, persuaded the directors of
that concern to pay him a salary and bonus
of 5000, 100; George R. Fink, president of the
ame concern, was paid S20O,l00.
The directors of the Socony-Vacuum Com
pany handed over $4,000 to John A. Brown,
president and chairman of the executive COM
mittee; then they paid Edwin R. Brown, vice
president, $81 900 for his services for the year,
and Frederick S. Fales, another vice presi-
dent, $4,000. Both Of the Browns and Mr..
Fales were members Of the board of directors
which authorized these salaries.
The Borden Company paid Arthur w. Mil
burn, president, $500 in 1886, while George
NJ. Waugh, Jr., and Theodore G.. Montague,
both vice presidents were paid $40, 700 and
$4,000, respectively.
The Cerro De Pasco Copper Company paid
Harold Kingsmill, general manager, $75, 900;
Charles B. Brew, vice president and director,
$65,858, and Edward H.. Clark, president and
director, $65,672.
G.. M. Humphrey, director and president Of
the M. A. Hannah Company, was paid $685.
600; J. Prendergast, director and manager Of
the anthracite department, had to pinch
along on $58,250, and William Collins, direc-
tor and vice president, must have actually
suffered with his small salary Of only $39,078.
In the publishing field, George Horace Lori
mer, chairman and editor of the Saturday
Evening Post, helped himself to $90,500 Of
the company's funds for his services; P. S.
Collins, vice president and treasurer, was paid
$60,671, and w. R. Fuller, president, $55, 900.
Hiram S. Rivitz, president of the Industrial
Rayon Company, had himself awarded a sal
airy of 7 5000; P. S. Howe, Jr, vice president,
was given $31 ,666.
The directors Of the Thinker Roller Bearing
Company paid w. E. Umstaddt SIS, 900 for
his services as president and the same amount
to F. ]. Griffith, described as an officer; L. M.
Klinedinst, vice president, was paid $35, 900.
When one reads THIS impressive list of SAL
aries, it is Dell to remember that the recipi-
ents Of many Of them are advocates of aOhat
are really less-than-li0ing-1Oage for the en-
ployeeS aUho do most of the useful lUork IN
our industrial life. In addition, they are fire.
quently IN 0iolent opposition to the right of
the aOorkerS to organize IN bona fde trade
unions and use their colIectiUe strength to
negotiate higher aUdges and shorter hours,
both Of aOhich are absolutely necessary for
the equitable functioning Of our economic
system.