Are top execs worth nearly $1 million a year
The article cites Ford chairman Henry Ford II at 970000, GM's Thomas A. Murphy at 950000, and ITT's Harold S. Geneen at 846393. It discusses wage levels relative to workers, market distortions, and rising inflation. Compensation committees are scrutinizing pay more, with Graef Crystal noting a tightening of approvals and proposing board hiring of consultants to avoid boss influence.
MENTIONED IN THIS ARTICLE
Boston
Henry Ford II
Ford Motor Co
General Motors
Thomas A. Murphy
Harold S. Geneen
International Telephone & Telegraph
Mittees
Graef S. Crystal
Towers, Perrin
Foster & Crosby
Crystal
Board of Directors
City cuts recreation staff amid austerity drive
City recreation budget trims staff including director Charles Hoagland. Hoagland notes 3 park rangers, a mechanic, two clerks, a park superintendent, and six maintenance men remain. He cites Cascade Park decline, bears and ducks relocation if tax increase passes, with costs about $1,000 yearly for bear feed. The June ballot asks voters to approve a half percent income tax rise.
MENTIONED IN THIS ARTICLE
Charles Hoagland
Hoagland
Cascade Park
UAW Convention in Los Angeles to choose president
More than 50 area UAW members head to Los Angeles for the constitutional convention where a new international president to replace retiring Leonard Woodcock is expected to be chosen. Douglas A. Fraser is the heir apparent and already endorsed by the executive board while discussion also touches AFL-CIO affiliation and possible contract language debates.
MENTIONED IN THIS ARTICLE
Afl-Cio
United Auto Workers Union
Los Angeles
UAW
Jimmy Carter
Leonard Woodcock
Lorain County
Douglas A. Fraser
Woodcock
Fraser
International Union
Posi
Bill
Thurman Payne
North Ridgeville
Brook Park
Mike Pohorence
Lorain
Uaw-Cap Council
Payne
Teachers pay talks stall after impasse request
Wayne R. McQuillin, chief negotiator for the board, said the EEA team refused to negotiate further, claiming they lacked authority. The 45 day period for contract completion ended with the board accusing the EEA of stalling and failing to present substantive proposals.
MENTIONED IN THIS ARTICLE
Wayne R. McQuillin
Reng SA SeeTee
EEA
Costin
Recall demand for asbestos fake fireplace logs
A public interest group urges an immediate recall of asbestos containing fake fireplace logs and ashes used in gas fireplaces. Environmental Defense Fund calls the ashes an imminent health hazard and urges the Consumer Product Safety Commission to order a prompt recall.
MENTIONED IN THIS ARTICLE
Washington
UPI
Environmental Defense Fund
Consumer Product Safety Commissions
Market Report Confusing Butter and Egg Prices
In Columbus and New York, USDA data show mixed butter and egg price signals. Retailer demand shifts and wholesale movements vary by class and size, with noted category price ranges across Midwest markets and farm outputs.
MENTIONED IN THIS ARTICLE
Columbus
Ooo
New York
aPt
USDA
Chicago
Midwest
Medwins
Malls
Nest
Ford Fiesta minicar shown to stockholders in Detroit meeting
European made Fiesta is showcased at Ford annual meeting in Detroit. Henry Ford II announces the three door hatchback will be offered in August. The car features a short wheelbase and a four cylinder engine with a four speed transmission.
MENTIONED IN THIS ARTICLE
Ford
Detroit
Henry Ford II
Ford criticizes U.S. auto industry controls at annual meeting
Henry Ford denounced federal policy haggling and changing rules hindering auto industry efforts toward cleaner air energy conservation and safer highways. He cited admin delays and conflicting standards on air bags emissions and fuel economy accusing the government of focusing on appearance over results during the Detroit meeting before 2412 shareholders.
MENTIONED IN THIS ARTICLE
Detroit
Henry Ford
Ford Motor Co
Ford
Nixon defends decisions and Kissinger in Ottawa dialogue
Nixon says his choices made safer the nuclear stance and credits himself for restraint with the finger on the button. He describes Kissinger as an emotional intellectual prone to outrageous remarks and notes their political feuds before Kissinger became secretary of state. He recalls advising China opening, warns Soviet moves in 1973, and touts Israeli airlift aid while restraining Israel over the Egyptian third army to avoid a political upheaval in the region.
MENTIONED IN THIS ARTICLE
Nixon
Kissinger
William P. Rogers
Ottawa
Canada
Washington
Georgetown
China
Middle East
Israel
Egypt
Syria
Suez Canal
Sadat
Nasser
Roy Rogers still rides at 66 in modern West
Veteran star Roy Rogers, aged 66, embraces rodeo parades, restaurant ventures, and a film comeback after decades away. He keeps Trigger in the museum, recalls a life in Westerns, and jokes about plans for new projects while managing his Victorville operation and family ranch.
MENTIONED IN THIS ARTICLE
Roy Rogers
Denver
UPI
Brang
Rogers
Actavides
Victorville
Calif
Trigger
Wall Street Opens With Higher Prime Lending Rate Increase
The second largest U.S. bank raised its prime lending rate by a quarter point to 6 percent effective immediately. The move follows recent Fed tightening and ends a five month period without a major bank rate rise. Market sentiment has awaited such a shift amid upward pressure on rates.
MENTIONED IN THIS ARTICLE
Tion
Federal Reserve Board
Pierre R
CPC International
Dart
Emerson Bh
Fruehaus
Goodrich
TC Industries
Kewanee Industries
Koehring Im Lear Siegler
National Gypsum
Ohio Edison
Rachmond Corp
Searle
Calis
Sybron Im
Tappan
Toledo Edison
Union
Victor Comptometer
Woolworth
Bank names VP and branch manager at Elyria First National
Paul E. Weisbrod is named vice president at First National Bank of Elyria. Dennis A. Kohl becomes Abbe Road branch manager after nine years with National City Bank of Cleveland. Weisbrod, from Elyria, has 12 years at the bank and previously 25 years with Land Title Guarantee & Trust Co. Kohl, a resident of Avon Lake, studied at Ohio University and Lorain County Community College. Both couples have two to three children.
MENTIONED IN THIS ARTICLE
Paul E. Weisbrod
Dennis A. Kohl
Abbe Road
First National Bank of Elyria
Weisbrod of
Elyria
First National
Land Title Guarantee & Trust Co
Seis
Elyria Credit Bureau
Sales and Marketing Association of
Lorain County
Elyria Kiwanis Club
Weisbrod
Margaret
Kohi
National City Bank of
Cleveland
National City
Avon Lake
Kohl
Ohio University of Lorain County Community Lege
Sharon
AMA HITS CARTER CEILING ON HOSPITAL SPENDING HIKE
The AMA and hospitals oppose President Carter's plan to cap hospital costs. AMA warns the cap reduces care quality and offers no patient protections. White House proposal limits annual spending growth to 3-11 percent and caps new capital expenditures at 25 billion, sparking broad industry opposition.
MENTIONED IN THIS ARTICLE
Ama
Carter
Washington
UPI
American Medical Association
House
The
Hospital Association
Earier
Also Mentioned on This Page
David R. Francis
Soteare
Boards of Directors
Gallagher Presidents
Murphy
Geneen
City Recreation
By Ohn Fuller
Bill Casstevens
UAW Region
Labor
McQuillin
REA
U.S
Knight-Ridder Newspapers
Henry
Trugger
MacKintosh
West Texas
Clay O'Brien Rogers
Dale
Bullet
Worder
Rogers” Rels
Amer
Ica
Cincinnati
California
Republicisms
Wall Street
Witm
New York Stock Exchange
Dow Jones
Citibank
Na- New York
ACF
Aston Inc
AlidCh Sat
Alcox Bat
Ato
Auffin Dut
Gulf
Hercules Brat He & Inger R
Might Koppers Ak
Kroger
Maratha
Batl Mead Corp
Mobil Ou
Ind Pfizer
Phil Morr Paill
QuakOat
Ralston
Indou Y Scop
Shell
Pat
Sperry Brandis
Texaco
Xerox Corp
Webbrod
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