European Stars And Stripes (Newspaper) - April 21, 1988, Darmstadt, Hesse Thursday april 21, the stars and stripes up i pan Chrysler chairman Ift fac Ocea Law criticizes $17.9 million paid to Iacocca Highland Park Mich. A Chrysler corp. Chairman Lee Iacocca America s highest paid executive in 1986, earned nearly Sib Mil lion last year in salary Cash and Stock bonuses and options the company reported tuesday. Iacocca s earnings were part of the jb5.2 Mil lion in compensation hat executives or he no. 3 automaker took Home last year. Chrysler released the figures the Day after it opened Early contract talks wish the u ruled autoworkers and Union vice president Mark Stupp blasted the earnings As an incredible Scipp who leads Union negotiators in the talks said in a statement with Law president Owen bib or that the executives earnings Bla lazily con Radic Jim message icy try to sen dual members in their factories and Iacocca s 1987 earnings of s11,9 million included nearly si3.5 million from exercising Stock Pur Chase options granted earlier in the decade when Chrysler was recovering from near ruin and its Stock was Worth a fraction oils present value. Iacocca also received $765,890 in salary,$725,000 in Cash bonuses 5 49.000 in Slock bonuses and a Stock Grant Worth nearly $2.7 Mil lion when it was issued dec. 8. The figures were contained in Chrysler s proxy statement mailed tuesday to shareholders. In 196, Iacocca look Home s20.fi million including $9.3 million on exercised Stock options. Proxy statements released and compile later in the year showed that he was the nation s highest paid executive. Chrysler s no. 1 executive Gerald Greenwald received nearly 56.6 million in 1957, including 1560,000 in salary and nearly j5.j million from exercising Stock options. He Heads Chrysler motorscorp., the company Saul making subsidiary. In All Chrysler paid out jbs.2 million to2,03 5 executives in 1987 $77.9 million in Cash More than ii million in Slock bonuses and nearly s6.3 million in retirement bonuses Chrysler spokesman John Guiniven said. Ford motor co. Vice chairman Harold Poling was the no. 2 earner among big three Auto executives receiving nearly Sll million $808.697 in salary 12 million in Cash bonuses and 18.1 million earned exercising Stock options. Roger b. Smith chairman of general motorscorp., topped pm s earners last year with j2.2 million including $867,000 in salary an Esti mated $300,000 in Stock bonuses $513,000 i Stock options and $5 6,000 from a savings plan. Executive earnings at Ford and pm were Dis closed last week. In their statement Stupp and bib or said the automakers pressure workers to reduce costs to match japanese Auto companies but then justify stratospheric compensation Forth Cir executives in 1987, Chrysler earned ,29 billion Down $3.6 billion in 1987, up 22 percent. Chrysler workers have no profit sharing plan Bill Lihty Are due 10 receive one under their next contract. I Nurs Oay Ftp i i Isth i lit ii Aub Anu b i Shipta Irir rage Congress discussing Merit of better pay for civilians by William j. hum Washington with a 4 percent pay raise for the military appearing to have a Chance. Congress Haj turned to talk about a bigger boost in salary for the civilian work Force. Sen. John Glenn a Ohio. Warned last week that the 2 percent pay raise proposed by president Reagan for fiscal 1989 will do nothing to address the pay Gap Between Federal employees and their private Schlor sen. Donald Riegle d-Mich., agreed with Glenn and said he supports the 3 percent pay raise include Din the House s proposed Fau get. The two Are urging colleagues to line up behind them. The Senate budget package includes a 4.3 percent raise for military members and the House armed serv ices committee has recommended a 4 percent in crease. The House budget Resolution however offers an across the Board 3 percent increase for military an civilian personnel. We think they should be equal a House staff member said. With these differences insiders Don t expect a Reso Luzion of the raise Issue until late in the year. Congress Hai leeway this year in any raises Given despite the so called brokered budget worked out Between Congress and the while House list novem Ber. While that agreement assumed a 2 percent raise for civilian the same rate As Hij year it is not mandated. The agreement simply Caps or limits Domestic and defense spending. The pay raises can readjusted within that limit. The Reagan administration was informed last a gust thai Federal pay lags behind comparable private sector wages by 24 percent. Advisers in Light of Budge constraints recommended an 8 percent raise. Every year for the past 12 years Glenn said fed. Eral civilian employees have received a pay raise that has been less than the amount due to them under the pay comparability act of 1970." which was meant to keep civil servant salaries competitive with the private sector. Red Cross Bood serv be official fired after aids procedural errors Nashville Tenn. A the american red Cross has fired the director of blood services at it local chapter and is suspending processing of blood there two months after his office distributed blood that had failed aids screening procedures. The Board of the Nashville office voted monday to relieve or. Kenneth Fawcett of his duties said Max aught chairman of the. Board. Neither Haugh nor chapter manager Christopher Parker would discuss the reasons for the dismissal. Pawed said he is not pleased about his dismissal and Wilt discuss it later in the week. The Nashville chapter also announced it is reorganizing Iti worn services operation. Blood donations to the Nashville Region will reprocessed by other red Cross regional facilities in the meantime said or. S. Gerald Sander associate vice president Tor blood services at National Headquarters in March the red Cross acknowledged it had distributed 24 pints of blood that had failed procedures against aids contamination or carried hepatitis b Antigens but said none was used and none actually car ried the aids Sims. The food and drug administration said the questionable blood was shipped to hospitals and laboratories by red Cross centers in Washington and Nash Ville initial tests showed that 10 of the units contained aids antibodies bul those units underwent a process that eliminates the virus the red Cross said. Other units were from donors who were unacceptable because they previously tested false positive forthe aids virus but All the units tested As Safe officials said. The red Cross and Fra said at the time thai investigations into the failure of blood Center workers to follow Standard operating procedures were under Way. Rash of commuter plane accidents blamed on Faa Pilot inexperience Washington a a Federal safely official on tuesday blamed the rash of com Muir airline Acci dents since last year on potty and ineffective regu lation by the Federal aviation administration and diminishing Levels of pilots experience. A sufficient margin of safety in sir Carrier opera Lions can Only be achieved through effective surveil Lance by Faa inspectors John k. Nuber a member of the National transportation safely Board lot a House aviation subcommittee. However we continue to find evidence in our Acci Dent investigations of sporty and ineffective Faa surveillance ofom mulch airlines he said. Faa administrator Allan Mcartor told the same panel that the recent Accident record of commuter carriers has been he said his Agency has begun yearlong scrutiny of uie commuter airline Industry to help us ferret out whatever problems May commuter airlines which primarily serve Small communities and Fly Small propeller powered planes have grown rapidly in recent years. The number of passengers they Fly annually has increased from 12.9 million in 1930 to 27.2 million last year. Bul. After a record Low Accident rite in 1986, the commuter airlines suffered 33 accidents and 58 Fatali ties last year the highest totals in the i9boi, according to Faa figures. There have been six commuter airline accidents and 22 deaths so far this year. Lauber said the growth of air travel has increased de Mand for pilots causing the major airlines to hire fliers away from the smaller commuter carriers. This forces the commuter airline 10 fill their own jobs with pilots who have less experience than in the past he said in the current Era of rapid Pilot turnover and the commuter cart in old rtt 1�t? Jyh 79 id do b7 13 tvs a Belki Helov ii he a q7 hiring of less experienced pilots in the commuter air line Industry this question of Pilot experience is be coming even More Lauber said. Manor however said an examination of the pilots involved id last year s commuter airline accidents does t support the conclusion that inexperience has been a Factor in the recent crashes. He said statistics gathered by Hie Faa covering most of the pilots indicated that on average they had sufficient experience
