The people's voice. [volume] (Helena, Mont.) 1939-1969, 1942-04-17
Ceilings

With ceilings prices of commodities and wages be-
ing discussed why that ceilings salaries and bonuses
industry have attracted attention whatever?
Recent pareys between the General Motors and the work
ers that industry brought into the salaries and bonuses
the executives which only be cassed uneason
able from view point
The president the organization drew salary and stock
amounting 1903 for the 1941 and addition
drew S77O8750 in dividends stock acquired before 1941
by purchase distribution making grand
total for the year of S406,89O.5O.
Alfred P Sloan chairman of the board whose refusal
bonus distributions which practice
company didn't need to about the proverbal
wolf the door, however His salary is 100000 year
and he dividends stock acquired previous years
clippings into the bonus trough and in other ways amounting
to $23O8214
his years work in 941 plus dividends of $88o3a5
making a total of $1134862.
Nothing it would seem, should clearly demonstrate
ridiculous features of the economic system as these
astronomical incomes paid to Individuals incomes which are
not warranted by any service performed And yet it may be
said the general public ndoctrnated with the idea
that the thing to do that few objections voiced
from any
This particular corporation makes automobiles You and
ride them We buy them at the prices fixed by the
pan Have given thought to the fact that
are paying share of these outrageous salaries and bonuses
Paying these these staggering for their ability to
squeeze exorbant profits out of helpless public not be-
cause they possess technical qualifications
to construct minor part of the products
And these the who fight bitterly demands
for small increases in paw for actual work done in the pro-
duction of automobiles They have exacted great profit
as they the traffic will BEAR and any increase in
the actual producers might have the effect of cutting into
These the type of who in practically all great
industries experts help them crcumven laws
in order returning the public in the form of taxes
as their swollen profits possible And these are
the type that called successful men, and held
patterns before our youth
Can advance single possessing valid
it why of products of industry should
any share to the Doodle ackpots which divided
each wear by the robber barons of industry?
We pay the chief executive of nation $4,000 year
pay representatives $4,000 each,
The supposon may be academic but Theoretically
we are supposed have selected the best brains obainabe
to fill those positions Here Montana pay governor
$500 year We pay the heads of educa-
tona institutions much per year, whom entrus
all of high that theyI
should paid e that could be reduced that pub
lie services should be curtaed for the But it is
of these folks would
paid to individual General Motors for services and
responsibilities the slightest degree comparable those
of the public officials And yet is quite possible
the contribution made toward the salary OF the General
Motors official these Montana citizens greater
their combined contribution to the salaries of all of the
Montana officials.
little speculation this subject is interesting Assum
ing that no automobiles than General Motors had
been used 1911 and that $40 of the profit each
Montana car had paid the company had gone
the Doodle Jackpot divided in the form of bonuses Since
there registered the state that these
owners would then have contributed S1472560 Truck D
owners would have contributed $54760 additional the
same basis.
of course everyone didn't have General Motors car,
but all contributed certain percentage to these exobtant
aares and paid officials of all companies and
got no tangible thing in return. Strangely enough,
"squawks' heard.
All this of course is related to the faults in
5ystem faults which will eventually to destroy itself
But responsibility citizens of democratic country
recognize these faults and remedy them peaceful DEM
)cratc manner.
We should start by placing ceilings profits and sal