. 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
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