Word: pensionable
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...since the War, Tammany Hall faces a long lean winter of political starvation, not of four months but of four years. Ridiculed by civic organizations, proved corrupt by a righteous investigator, beaten at the polls by a fiery little Italian-American Major, the Tammany sachems have been voting themselves pensions and appointments as fast as their Board of Estimate could say "Yea." At a single session fortnight ago they put through 471, including a pension for bumbling, prognathous Mayor John P. O'Brien. Out of dusty files they fished up and passed a pension for a onetime Market Commissioner...
When civic organizations howled with rage, Mayor O'Brien replied that since city officials contributed part of their salaries to the pension fund it was not true that "all you had to do was shake the tree and the plums come tumbling down." Later it was discovered that of $144,000 earmarked to keep the O'Briens from starvation, the Mayor had contributed exactly $28,000, the city having put up the rest...
...that Jose ("Wood Louse") Obregon, son-in-law of President Machado hired by Chase's Havana branch (at $19,000 a year), had turned out to be absolutely useless for any purpose except entertaining clients; that Machado had used up $9,000,000 of a $12,000,000 pension trust fund. Other letters declared that $18,000,000 had been spent unnecessarily in rebuilding the Cuban Cap itol, that the whole Machado Cabinet had big graft in construction of Havana's waterworks. Finally Inquisitor Pecora himself dammed up the flood of epistolary candor, suppressed one paragraph...
...time of his retirement in 1933, his salary from the bank was at the rate of $202,500. He was voted a pension of $100,000 a year for life. In addition in recent years he also received salaries from: American Locomotive, $300 a month American Sugar Refining, $300 a month Armour & Co. (now nothing), previously $1,000 a month, still earlier $40,000 a year American Express (formerly) $3,000 a year Brooklyn-Manhattan Transit (formerly) $20,000 a year International Paper, about $2,000 Stone & Webster (formerly) $1,500 Underwood Elliott Fisher, about $2,000 Western Union Telegraph...
...bonuses, his own bonus excepted. "What usually happened was that my associates suggested the amount, and I cut it down." Q. He had not been charged when the bank lost money-the bonus system only worked one way? A. (Mr. Wiggin smiling faintly) "Yes." Q. How had his retirement pension of $100,000 been fixed? A. It had been voted by the executive committee and approved by the board of directors in a resolution proposed by Frederick H. Ecker (president of Metropolitan Life Insurance Co.) "to discharge in some measure the obligation of the bank" and because Mr. Wiggin...