£320,000 SALARY FOR TOBACCO KING.
'U.S. STEEL COMPANY'S BONUS SYSTEM. In the suit to prevent the merger of the Bethlehem and steel companies it was stated that . under Bethlehem's bonus' system Mr Eugene G. Grace received, more than £200,000 a' year for Jus services. The employees' share, subscription |>lan published by the American Tobacco Company now reveals' that Mr 1 George W. Hill, president of that company, received approximately £250,000 during 1930, in addition to his salary, which was not disclosed. This bonus took the form of 13,440 Common Class B shares, to which MrHill was permitted to subscribe at 25 dollars a share. jTheß.e now have a market price of 120 dollars. Since th® amount that can be subscribed is b'ased on salary, it' is estimated that Mr Hill l PP roximatG, y 350,000 dollars (£.70,000) m cash, in addition to the number of shares his can buy..
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Press, Volume LXVII, Issue 20234, 12 May 1931, Page 12
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149£320,000 SALARY FOR TOBACCO KING. Press, Volume LXVII, Issue 20234, 12 May 1931, Page 12
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