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Bethlehem Steel chief defends executive pay and bonuses
Bethlehem Steel president A B Homer testifies before the Senate subcommittee arguing incentive bonuses and director pay are sound and approved by stockholders. Kefauver notes ten year totals of payouts and salaries, while Homer cites lower dividend payout and planned board expansion to curb future payments. He also defends the director system as protecting lender and customer interests amid a price rise.
MENTIONED IN THIS ARTICLE
Washington
Bethlehem Steel Corporation
A. B. Homer
Senate Anti-trust and Monopoly
Bethlehem
Homer
Subcommittee
United States
Sen
Kefauver
D-Tenn
U. S
Eugene G. Grace
Harlow H. Curtice
General Motors
Mr. Homer