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Profit sharing program a success, Westinghouse executive tells senate committee. Washington, D.C., Nov. 22. The Senate Finance Subcommittee was told today by W.G. Marshall, Vice President of the Westinghouse Electric and Manufacturing Co., that the profit sharing plan effected by his company has been found mutually satisfactory and beneficial to management and to workers. The Committee is investigating industrial profit sharing systems as a means of reducing economic strife and providing labor with a larger share of national income

Profit sharing plan must be 'extra' to wages, senate committee told. Washington, D.C., Nov. 21. Richard R. Deupree, President of Proctor i.e. Procter and Gamble Co., Cincinnati, Ohio, today told the Senate Finance Subcommittee that his firm's profit-sharing system has exercised important influences in maintaining amicable labor relations for 50 years. He agreed, however, that the profit-sharing plan must be extra to a steady job, Deupree told the Committee that in his experience the plan was conducive to thrift and home ownership, and that 99 per cent of the employees eligible participated in the plan

Profit sharing plan must be 'extra' to wages, senate committee told. Washington, D.C., Nov. 21. Richard R. Deupree, President of Proctor and Gamble Co., Cincinnati, Ohio, today told the Senate Finance Subcommittee that his firm's profit-sharing system has exercised important influences in maintaining amicable labor relations for 50 years. He agreed, however, that the profit-sharing plan must be extra to a steady job, Deupree told the Committee that in his experience the plan was conducive to thrift and home ownership, and that 99 per cent of the employees eligible participated in the plan

Profit sharing systems gives business 'pick' of labor senate told. Washington, D.C., Nov. 30. Profit sharing systems enabled corporations to obtain the 'pick' of labor, F.J. Moss, president of a Kansas City Sash and Door Co. today told a Senate Finance Subcommittee. He gave as his opinion that industrial peace will not be obtainable until a method is found by which labor can share in the profits

Profit sharing necessary to stabilize business and employment senators told. Washington, D.C., Nov. 29. Following their testimony before the Senate Finance Subcommittee today in which they endorsed incentive taxation as a means of stabilizing business and employment, George T. Trundle Jr., president of the Trundle Engineering Co., Cleveland, Ohio, and J.R. Ramsey, right center, president of the Johnson Wax Co., discuss the profit sharing systems further with Chairman Clyde Herring, right, and Senator Arthur M. Vandenberg

General Electric head 'hopes' profit sharing with employees is 'good business.' Washington, D.C., Nov. 28. Gerard Swope, President of General Electric Co., appearing before a Senate Subcommittee studying profit sharing plans today said he believed the government must adopt some form of incentive taxation it if hoped to induce industry to stabilize employment thought an annual wage. Declaring he 'hoped' profit sharing with employees was 'good business,' he added, ' but I don't know'

Profit sharing program a success, Westinghouse executive tells senate committee. Washington, D.C., Nov. 22. The Senate Finance Subcommittee was told today by W.G. Marshall, Vice President of the Westinghouse Electric and Manufacturing Co., that the profit sharing plan effected by his company has been found mutually satisfactory and beneficial to management and to workers. The Committee is investigating industrial profit sharing systems as a means of reducing economic strife and providing labor with a larger share of national income

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Summary

A black and white photo of two men sitting at a table.

Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description

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Date

1922

person

Contributors

Harris & Ewing, photographer

place

Location

Washington, District of Columbia, United States , 38.90719, -77.03687

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Source

Library of Congress

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Link

http://www.loc.gov/

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No known restrictions on publication.