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The Iron Age 1930-09-11: Vol 126 Iss 11

1930 Reed Business Information US

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ers and “Talent” are in Profits AUGUSTUS SMITH ident, Bergen Point lron Work broader subject the great apostle produ ed by wrongfully and wealth artificially touch with him who stl . “Das Kapital,” which has had blichting effect on Clviiization. is much good to be derived from Kar! indictment be fairly studied I believe the immediate instigate envy, wherever his influence has penetrated. BONUS plan, in which stock holders, talent and workers share in profits over and above a fixed return for capital, has been employed for years by the Bergen Point Iron Works, Bayonne, N. J. President Smith tells about it in the accompanying article. lf earned, any surplus over 10 per cent to stockholders, plus certain increments to stockholders and tal ent, is divided as follows: Two ninths to stockholders, four-ninths to talent and three-ninths to em ployees. Essential principle of plan is based on the ‘equity and social advantage of paying a fair price to labor and talent.” ' 1 eet 1 ’ } ‘ { ; ' , mie 1iopted the plan of balancing our books oted year, on July 1 and on Jan. | Cars \ m to pay on the regular pay day Vork t W ¢ i 1 t& pay ¢ gull pay day rket Value Tor services rendered Dy empl -calle…

Citation

The Iron Age 1930-09-11: Vol 126 Iss 11. Reed Business Information US. 1930.