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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Dec. 13, 1956)
. Slem, Oregon, Thursday, December 13, 1998 THE CAPITAL JOURNAL Becflori I Pagtf 7 l Q Pay of Bosses Up at Rate of Factory Men's 5.9 Pet. Increase for Top Company Men This Year i By SAM DAWSON NEW YORK W-The boss' pay has been going up at the same rate as the factory worker's. Corporate sales volume has been rising a( a greater rate, and until lately so has corporate net income. Bonuses increasingly are part of the compensation for many top executives and more officials re sharing m them now. Also, down the corporate ladder, Christmas bonuses play an in creasingly pleasant role in the yuletide good I cheer of many em ployes, The figures on the boss' pay tome from the American Manage ment, Assn. Its annual survey of top - management compensation shows a 5.9 per cent increase on average in the last fiscal year for ome 28,000 top men in 3,300 Amer ican and Canadian companies. The iurvey includes salaries, bonuses and company contributions to re tirement funds. The Bureau of Labor Statistics keeps tab on the average weekly earnings of production workers m manufacturing industries. In the roughly comparable period, calen dar year 1955, workers' pay rose by the same amount 5.9 per cent. Sales of the companies included in the association's survey in creased an average of 10 per cent nd profits by almost 25 per cent. Using latest figures available on compensation for other employes, AMA finds middle management pay up 5 per cent, sales personnel up 3.5 per cent, engineers, scien tists and other administrative and technical personnel up 8.6 per cent for the year. Bonus payments for the execu tives AMA surveyed average 16 per cent of base salary. But in some companies bonuses far out strip base pay in size. For all American industry bonuses are estimated at around 600 million dollars a year, with two out of five firms paying them. The largest on record last year was S575.000 for a motor president (more than twice his base pay. It was well below the 14 milion dollars paid a steel executive in 1929.. Arab Snipers Fire on 2nd British Force PORT SAID Ifl The Egyp tian underground ambushed a British patrol with a hail of machinegun fire late Wednesday night on the edge of Port Said's crowded Arab slum quarter. No oldiers were hit. Troops cordoned off the area and two tanks moved in to cover them as they searched for the attackers. Egyptian civil police f also took part in the hunt but by J dawn no trace of the guerrillas had been found. & The new show of dcliance to!$ the withdrawing British-French force virtually duplicated another ambush of a patrol in almost the tame spot Monday. One soldier j was wounded slightly, me Bniisn, arrested seven Egyptians and ac-1 cused Egypt of violating the cease-fire. ' 1 The Egyptian government dis- J claimed any responsibility for the 1 earlier ambush and said under- ( ground warfare was contrary to its policy. I There was still no word on the fate of 20-year-old British Lt. An- thony Moorhouse, who was kid- naped at gunpoint by three Egyp- tians 48 hours ago. A rumor among Egyptians f and it is strictly a rumor is ; that the lieutenant has been killed ?j and that the underground is wait- y ing a chance to parade the body p just as the last British troops f leave, presumably to show that ; Fevntians are having the last dc- ?! fiant word. Fish Hatchery Revamp Plan Alarms 'Dick' PORTLAND 'J! Sen. Xeuber- J ger iD-Orei Wednesday said he was "alarmed" over the fate of Lower Columbia River fish hatch- tries under a proposed Interior . Department reorganization plan. . .1 He said the plan called for all ; fish hatcheries to be assigned to the Bureau of Sports Fisheries i and Wildlife except for those ,j along the Columbia. ..i C.-K s nrnpram euher2Cr 1 said, would place the Columbia hatcheries under the division of river basins, "which apparently has no other similar responsibil ity, but only surveys for water use projects." The senator asked the depart ment for clarification of the plan. He said he was concerned that the river's fisheries program would be m a section of the In terior Department "where there are not competent biologists and fishery experts to operate these hatcheries.'' CYPRMTS SLAIN NICOSIA. Cyprus -P F.OKA gunmen shot three Greek CVpnots t death last n.ght. Twfj were H killed as thev talked with friends 1 in tillages near Famagusta and ,, Larnaca. The third was slain as () it tlcyt in his home at Frenaros. 3 PENDLETON PAIR-ABLE save as von Christmas Shop 'Til 9 Monday thru Friday . . . Park Free shop with M green stamps With Validation . V it me ' a lonm iros. store for men at ease ... Pendleton's leisure favorites In or out shirt In bold multi-color plaids. Warm, handsome for all sports wear. 100 pure virgin wool, perfect ly tailored, finest fit. Sizes S, M, L, XL. Otheri 11.95-13.95. All wool flannel flacks In contrasting solid colors. Handsomely styled, fine fitting, pleated front. 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