Word: pensionable
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...Norris Bradbury of Los Alamos: "I never saw him mad." President Quarles walked to work at the base so early that a resident who had never met the boss snorted: "I wonder who he's trying to impress?" Two years ago, taking his $10,000-a-year irrevocable pension from Western Electric, he quit to become Assistant Secretary of Defense in charge of research and development, i.e., the Pentagon's scientific boss...
...manage pension and trust funds for workers have a prime problem. How can they invest the $2,500,000,000 to $3 billion that is pouring into the funds each year? Three months ago, Manhattan Realtor Louis Sachar, who heads Marshall Management Corp. and owns or has interests in 85 buildings in New York City, decided to help them with a new investment idea. He persuaded two pension funds to pool part of their cash with his organization and form a real-estate buying group with capital of $140 million. Although Sachar has kept the name of the funds secret...
...specialize in hauling new automobiles from Southern California assembly plants to dealers. Under considerable pressure from the auto manufacturers, who had ample problems of their own (see NATIONAL AFFAIRS), the auto carriers caved in quickly, met the wage demands in full, agreed to pay 5? an hour to a pension fund...
...A.F.L. Teamsters Union set out last February to renew contracts with truckers in eleven Western states, they were after many new benefits. Specifically, they demanded a three-year contract providing a pay increase of 10? an hour this year, 8? more in 1956, 8? more in 1957, plus a pension plan that truckers would finance at 10? an hour. Unexpressed was the union's plan to negotiate a master agreement to cover all trucking in the West. After three months of fruitless negotiations, the teamsters struck three big truckers (Pacific Intermountain Express, Consolidated Freightways, Pacific Motor Trucking...
...securities every year in the U.S. The report also laid out the committee's future work; a subcommittee is now investigating the way proxy fights have been run, while the committee will probe the effects on the stock market of heavy security purchases by institutional investors, e.g., banks, pension funds...