Highest-paid U.S. executive
.1 (NZ Press Assn—Copyright) I NEW YORK. j Mr Harold Geneen, chair-. ■ man of the International Tele-! ,!phone and Telegraph Cor-! tiporation, was the highest-! jipaid American company) )executive in 1974. according, Jto preliminary reports. ! Mr Geneen earned ’ 5U5788.610 in salary and ’ bonuses — less than the SUSBI3.OOO he received in 1973. but enough to carry! t him ahead of the main car-, “ company managers, who had; 1 to forego their bonuses be--I'.cause of the car sales slump i While General Motors and! i Ford have not yet released details of their executives' I salaries for 1974. they have J indicated that no bonuses will be paid. Chrysler, which has i announced a similar policy, '■says that the compensation ■paid to its chairman. Mr! Lynn Townsend, was cut to i 'SUS24O.OOO in 1974 from, 1 5U5684,000 in 1973. 1
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Bibliographic details
Press, Volume CXV, Issue 33804, 29 March 1975, Page 22
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141Highest-paid U.S. executive Press, Volume CXV, Issue 33804, 29 March 1975, Page 22
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