Word: doubledealing
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Pooled Strength. The postwar growth has been phenomenal. Where utility men once waited for new demand before expanding, they now gear expansion to projections of the growth of their area-and step out to anticipate it. Since 1945, thanks largely to President Elmer Lindseth's program to lure new...
Among the oldest gimmicks for extra compensation are incentive bonuses. Many General Motors executives, for example, get their incomes doubled with liberal bonuses. But the major drawback to bonuses is that they are taxed as straight income (one top executive, who got a $25,000 bonus, paid $18,000 in...
George Stoddard, president of the University of Illinois, recently described his job to a reporter. "Archery," he said, "with me as the target." A top psychologist, onetime head of the University of the State of New York, and New York's Commissioner of Education, Pennsylvania-born George Stoddard made...
But not so many worry over a far bigger U.S. debt: the money borrowed by individuals and corporations (which, incidentally, supports the greatest peacetime boom in history). For houses alone, Americans have gone $84 billion into debt; to expand and modernize, industry has borrowed $200 billion. Altogether, while the national...
Despite the world boom, there are ominous signs of trouble ahead. Production costs are going up so fast that Germany's prices have doubled in the last two years. Sweden, which built a 20,000-ton tanker in 1950 for half the American price, now charges about the same...