Word: paying
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Dates: during 1990-1990
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...second half saw Radcliffe play lackadaisically early and pay dearly for it. Dartmouth struck back with a try of its own, but like the Black and White, was unable to execute on the conversion...
Saturn's workers were recruited from U.A.W. locals in 38 states and carefully screened. By accepting a job at Saturn, they gave up their rights ever to work for any other GM division. Instead of hourly pay, they work for a salary (shop-floor average: $34,000), 20% of which is at risk. Whether they get that 20% depends on a complex formula that measures car quality, worker productivity and company profits. In the company's first year, employee salaries will depend largely on car quality. If a team produces fewer defects than the targeted amount, its members will receive...
...chairman Smith's radical cost cutting, which removed 137,000 workers from the payroll, and his $50 billion investment in retooling will eventually pay off for the company. More important, his huge reorganization of the company in the mid-1980s is finally creating some cooperation between GM's far-flung divisions. One major change has taken place in its Automotive Components Group, a $33 billion operation. Because the companies in the group (examples: Harrison Radiator, Packard Electric, Inland Fisher Guide) were captives, there was traditionally no incentive for them to offer competitive prices. GM now insists that its parts makers...
...down and talk with the working people?" asks Frank Gasparik, a California salesman and part-time songwriter. "Never. They're probably afraid somebody'd hit them with a bar stool." A reasonable fear, if pollsters are right about the level of voter disgust with the budget debacle. "Will I pay new, higher taxes, even if I think they're unfair?" asks Will Brennan, a business representative for the electrician's union in Chicago. "What choice do I have? I can't go throw tea in the harbor...
...equally to millionaires and to the poorest widow. Yet while only 5% of the elderly have incomes below the official poverty level of $5,947 for a single person and $7,501 for a couple, 1 child in 5 lives in poverty. Even some senior citizens' groups have started paying lip service to the need to trim spending on affluent older people to free up funds for nutrition, schooling and health care for impoverished kids. One obvious way: subjecting Social Security and Medicare to means-testing so that benefits would be pegged to a recipient's ability to pay...