Lincoln Electric Profit Sharing Sparks Buy-In And Controversy
The Lincoln Electric Co in Cleveland pays average workers over 8000 dollars annually for a 40 hour week. The 1200 workers earn far more than peers while output remains high, with last year’s bonuses totaling about the same as payroll. The firm uses a two-year rating system tied to base pay to compute annual bonuses averaging around four thousand dollars per worker, fueling morale and strong productivity. Views vary: some see communistic echoes, others defend the system as a counter to unemployment and a model for incentives. The profit-sharing plan operates atop a lean management structure with few foremen, and has drawn union unease despite a long legal victory on tax bonuses.
MENTIONED IN THIS ARTICLE
Cleveland
NEA
Lincoln Electric Co
Lincoln Electric
Lincoln
Chares Herbruck
James F. Lincoln
Ed Spehar
Walter Reuther
CIO
Council of Profit Sharing Industries
Picture Pleasure Photos Are Perennial Favorites
Photographs are perennial favorites on Christmas gift lists and are valued by loved ones for years to come. A group photograph of a friend's entire family is a cherished idea, though many never arrange it. gifting tips include wallet-size prints alongside a large framed photo.
Festive Gift Wrapping Tips Spark Colorful Creativity
A nostalgic guide urges using found ornaments and cheap materials to elevate gift wrapping this Christmas. It suggests embellishing with costume jewelry bits, sequins, and homemade adornments, plus jewel tone papers and crepe for novelty boxes. It notes DIY ideas like butterfly toppers and jeweled fans, then shifts to a Philippines university receiving $375,000 in American reconstruction aid via the Mutual Security Agency.
MENTIONED IN THIS ARTICLE
Manila
Vidal A. Tan
University of the Philippines
Mutual Security Agency
Washington
Philippine Council For
U.S
Universi
Santa Claus Myth Of Norse Origin
The Santa Claus legend, linked to Norse and Scandinavian lore, centers on a jolly figure descending a chimney to bring happiness. In various regions he dons attire from bishop robes to priest robes, with red garments and white fur trim common. Dutch Sinterklaas features a jeweled miter and scepter.
MENTIONED IN THIS ARTICLE
Santa Claus
Hertha
Netherlands
Sinter Klaus
Museum gets Truman hat for Oriskany Museum
A brown derby once worn by former President Harry S. Truman is to be placed in the proposed colonial museum at the Oriskany Battlefield. Edward Seelig, who hosted Truman during a whistle stop here, donated the hat and requested a Truman hat be given to the museum. the hat arrived by registered mail with the inscription Made expressly for Harry S. Truman.
MENTIONED IN THIS ARTICLE
Rome
N.Y
Harry Truman
Oriskany Battlefield
Truman
Alfred F. Smith
Edward Seelig
Harry S. Truman
Resultful Use Wins Acclaim For TWO-WAY SINUS FIGHTER
Sinus sufferers across America praise SI-NO a two way formula for sinus pain. The combination of hard fighting capsules and vitamin amino acid tablets aims at pain relief and reducing recurrence. Money back guarantee promises results or full refund.
MENTIONED IN THIS ARTICLE
America
Also Mentioned on This Page
Themployes
Cmpany
Center
Middletown
Mens Furnishings
Herbert Korros
Mens Furnishing Dept
Mgr
Abe Korros the Tailor
Central Avenue
Museum
AdmiraliTy
Admiral
Cascade
Germantown Road
Wilbraham
DIAL
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