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...proposed three-year contract that the machinists rejected offered pay raises of 4% in the first year and 3% in each of the next two, bonus payments of 8% the first year and 3% the second, improved health benefits and a 20% cutback in mandatory overtime. Boeing considered the offer "generous," said spokesman Russell Young. But union official Jack Daniels of District 751 in Seattle dismissed it as "peanuts," pointing to Boeing's profit of $614 million in 1988 and $356 million in the first half of this year...

Author: /time Magazine | Title: Grounding A High-Flying Giant | 10/16/1989 | See Source »

...impossible to describe the complete pleasure her smile conveyed. Perhaps she gets a bonus for being a particularly petty bureaucrat. Perhaps she resents foreigners and their privileges. A Chinese train's best accommodations, the "soft sleeper" compartment, in which two bunk beds actually sport linen, are reserved for foreigners and high party and government officials. I could understand her hating such preferential treatment, but then again, she and her colleagues do pretty well because of it. For notwithstanding my status as a foreigner, the "soft sleeper" car was "sold out" until a kind official laid a carton of cigarettes...

Author: /time Magazine | Title: A Day in The Life . . . . . . Of China: Free to Fly Inside the Cage | 10/2/1989 | See Source »

...company will buy the remaining Warner shares for a combination of cash and securities under terms that the parties must determine within three months. The purchase price will include a total of $677 million in payments to 500 Warner employees to honor their pre-existing stock, options and bonus plans...

Author: /time Magazine | Title: All Hitched Up and Ready to Go:Time Warner | 8/7/1989 | See Source »

That decision, she explained, was made largely on the basis of "personnel relations." By shutting the University down on a Friday, employees gained an unexpected bonus--a three-day weekend...

Author: By Matthew M. Hoffman, | Title: Summer at Harvard, and the Heat is On | 7/28/1989 | See Source »

...wage- and-price freeze, a 116% devaluation of the austral to 650 vs. the U.S. dollar and an aggressive privatization of most state-run companies. Because the end of many government subsidies will bring unavoidable price increases for some goods and services, all workers will be given a bonus of 8,000 australes ($12.30 at the new rate...

Author: /time Magazine | Title: Get Up and Walk! | 7/24/1989 | See Source »

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