Toledo union journal. [volume] (Toledo, Ohio) 1942-current, 1950-01-13

1t to me, my answer was
"What would happen if the
salaries of management were
lowered?" That didn't go
down so good. But it is a very
good ques tion. Don't you
agree?
l think of management lin
terms of Board Chairman's or
Presidents or Directors salary
and if he does get over 500, 900
income tax will take a good por
ton of it.
But in quite a number of big
corporations (and in so m e
smaller ones, maybe Champion)
management not only gets large
salaries, it gets a paid up pen
sion-Which we workers are
clamoring for and in addition a
pension plan to which manage
ment can contribute. Manage
ment can participate in profit
sharing, cash bonuses, stock
bonuses and stock options,
1t is true, some corporations
have profit-sharing plans for
their employees, not Champion
Sears and Roebuck gives stock
bonuses to their workers as well
as employers so that in time
there could be Cooperative own
ership.
But take a giant industrial
corporation like General Mo-
tors, In 1948, 81 directors and
officers received $3,048,000 in
salaries, they received even
more $5,445,0OO in ca h
bonuses - an average of about
$4,000, in addition, while those
81 paid in $127,00O or slightly
more than l Il % of their total
cash incomes. The Company
paid $275, 900 for them into the
retirement fund These same
people received 22,930 shares oi
stock as bonuses. The bonuses
of some film magnates get ever
larger, Sooner or later this is
reflected on the retail price tag
and the cost, as much as the
price of labor. Thus the con-
sumner pays when the cost OF
management is too high.
Another good question is: -
Reduction in Production" when
production is lowered, people
get laid off and the amount OF
stewards are also lowered in
e a ch department. But the
amount of assistant" foremen
is not reduced. Neither are any
of the salsried men. Why?
If you want more of these fig
ures, have some on, "The Cof-
fee Shortage" and Corporation
Manipulations." Good bye now,
see you next week.
ROBERT SMITH,
Dept. E, End Shift
Who had the Picked Herring,
Limberger cheese and beautiful
big Bermuda onions on New
Years Eve and woke up the
next morning with a terrific
rhang over? He asked, who
spiked his herring? Sure, it was
none other than our great fish
erman, the Oiler on Sillirnent
machines, Chet Jankowski. Say,
Chet, is it true that you dream
about fish so much that your
wife puts the landing net, your
boots and tackle to bed with
you to keep the Nightmares
away from you? And also to
help you tell those tall tales?
Humm? She may have some
thing there at that. (HoW about
it, Corbin?)
The Welcome Home Mat has
been set out in Dept. E End
shift once again. This time to
welcome committeeman Herman
Missler back. Say, Herman, got
anymore room on your guns for
those notches? Two-gun Herny
they call him in the Gang. cha,
| always called him ''bone-head'
RHY).
1t was Spring day and rain
ing like :. Last Wednes-
day morning the lightning flash
ed and the thunder roared -
stop here, folks. The lightning
was Lou Blocks speed BALI
sizzling down the alleys and the
thunder was the falling of all
those pins. Lou came up out ot
the Brush Pile" after bowling
his End game of 126 Il should
censor this statement) anyway
Lou came out with a beautiful
278 score in his 3rd game for a
grand total of 623. Nice going,
Louie, keep them rolling.
Had it not been for Louie
trying one of Varipapa's Exhibi-
ton tricks, trying to get one
strike with two balls at the same
time, he then, might even had
that 300 perfect game. AS it is
he only got II strikes in 10
frames, believe it or not.
LAYTON WITTENBERG,
Dept. A, End Shift