HIGH SALARY CUTS
TO BE ENFORCED IN AMERICA
ACTION PRIVATELY FORECAST
(United Press A tsociation—Bv Electric 1 elegraph—Uopyrigh t.)
WASHINGTON, October 18,
Action to limit the high salaries of big business' leaders is privately forecast in official circles to-day, after the Federal-Trade. Commission had announced that it was asking two thousand companies to furnish data on the salaries paid to their executives and their directors. ■ .
The 'lnquiry, which is authorised by a Senate resolution, is immedia:
(concerned with gathering * facta .for Congress; What (will be. done with them will remain for Congress to ded.'de. There have. been demands from some members for the redistribution of Wealth. How far President Roosevelt is inclined to go in this direction lias novel* definitely been disclosed.
There has bobn a ruling by the Reconstruction Corporation that, ho pub* he money shall be loaned' to those railroads whose executives-officials are receiving one. hundred thousand dollars and over per year, unless they cut the' nay. This has soon brought the compensation of three men, all ■well known in the railroad field, down to the maximum allowed,, namely sixty thousand dollars.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19331020.2.29
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 20 October 1933, Page 5
Word count
Tapeke kupu
184HIGH SALARY CUTS Hokitika Guardian, 20 October 1933, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in