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Economy / Executive Wages #297007

CBS Evening News for Thursday, May 17, 1984
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(Studio) Trade representative William Brock recalled recently criticizing large bonuses for auto ind. execs.
REPORTER: Dan Rather

(NYC) Incomes of NCR chairperson William Anderson, Ford chairperson Philip Caldwell, Union Pacific president William Cook, Sears chairperson Edward Telling listed on screen; executive pay increases last year, compared with raises for other employee categories, graphed on screen. [CALDWELL - defs. executive wages.] [Democracy Project spokesperson Mark GREEN - explains opposition to system of self-enrichment in major corporations.] ["Forbes" spokesperson Malcolm FORBES, Junior - feels compensation is not unfair.] J. Robert Fluor, Michael Bergerac noted receive major raises while shareholders lost money or receive minimal returns. [UAW president Doug. FRASER - thinks system is based on ego, status.] Implications for auto industry considered. [Auto WORKERS - resent their sacrifices.]
REPORTER: Jane Bryant Quinn

Quinn, Jane Bryant;
Rather, Dan

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