European Stars and Stripes (Newspaper) - February 19, 1992, Darmstadt, Hesse Page 10 b the stars and stripes wednesday february 19, 1992money matter today s tip american airlines has launched an overnight delivery service guaranteeing a free flight for the sender if the package does not reach its destination by 8 30 . The service is initially available Only to senders in the Dallas fort Worth area and the free flight guarantee applies Only through May 30, although the flight May be taken any time during the next year the company said monday. American plans to expand the overnight cargo service to virtually All of its destinations in the contiguous United states by the end of the year spokesman Steve Mcgregor said. The guarantee Likely will be applied in each Market As the door to door service Rolls out he said. The leading overnight package companies such As Federal express and guarantee delivery by 10 30 . A time is increasingly becoming a critical element in business a Mcgregor said. A a there a going to be some segment of the marketplace that a going to want something before 10 30.&Quot conversion rates London up tuesdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at s352.50 an ounce Silver at $4.09. Feb. 17 feb. 18 British pound.1.7738 1.7514 German mark.1.6235 1.6510 French franc.5.5275 5.6020 dutch guilder.1.8260 1,8550 belgian franc.33.38 33.92 italian lira.1.218.20 1,234,95 Swiss franc.1.4625 1,4885 greek drachma.186.90 189.76 turkish lira.5,669.80 5,740.80 saudi arabian riyai.3.75 3.75 Spanish peseta.101.54 103.04 portuguese escudo.139.25 141.37 Canadian dollar.1.1858 1.1915 austrian schilling.11.3675 11.5575 norwegian krone.6.3430 6.4450 danish krone.6.2705 6.3740 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.61 through wednesday based on tuesdays noontime Price fixing. Firms jointly seek ski work Orlando Fla. Up Martin Marietta corp. And Lockheed corp. Have joined to compete for a contract to develop the strategic defense initiatives interceptor program. The program Calls for deployment As Early As 1996, of 100 ground based interceptors capable of destroying ballistic missile warheads in space. Martin Marietta of Bethesda my will be the prime contractor. It will perform the work at its electronics information amp missiles group in Orlando Fla. That facile a also does work on night vision devices for the military subcontractor work on Rathe on a Patriot missiles and systems integration work for the Federal government. Lockheed of Calabasas calif., would be the principal subcontractor under the proposal. Martin Marietta has been involved in ballistic missile defense since the 1960s when it was prime contractor for the sprint missile. ., Mexico Canada press talks to create trading bloc Dallas apr negotiators from the United states Canada and Mexico have begun their biggest push yet to finish a North american agreement on free Trade. For the first time since the countries started serious talks in june the chief negotiators and their 19 working groups Are meeting in the same place for a week. Their chief task in the meeting that began monday is to resolve several Hundred disputes they wrote into the first draft of the pact last month. A the environment is excellent a Lead . Negotiator Julius Katz said. A but i have to say frankly i done to think we will have resolved All of the issues by the end of the the Bush administration has made the pact a Cornerstone of its Trade policies. The United states already has a free Trade agreement with Canada. The current talks Are aimed at creating a North american Trade bloc that will rival those emerging in Europe and the far East. Speaking with reporters Katz and the other Lead negotiators a Herminio Blanco of Mexico and John Weekes of Canada a declined to specify How Many disputes remain. Canadian Trade minister Michael Wilson said earlier this month that some differences include disagreements on textiles farm products Ana autos. In Washington a senior . Trade official quoted anonymously said last week that a pact could be reached by mid March. The talks have moved much faster than those for a .-Canada Trade treaty that took effect in 1989 after More than three years of talks. A the big difference is now we have a free Trade agreement to work from a a Weekes said. A we know what it looks like. We know what it takes to get the working groups in charge of such issues As automobiles agriculture or intellectual property Are to report frequently to the Lead negotiators Katz said. President Bush has made creation of a free Trade zone from the a Yukon to the Yucatan a a key economic goal contending it will expand Export and investment opportunities for american businesses by eliminating a for the purposes of Trade and investment a the Borders Between the three countries. About 60 Dallas area Union activists monday protested the talks which they said will Lead to the United states losing jobs to Mexico. A we simply can to compete with jobs with an area that works for 40 cents an hour Quot said Jim Mccasland a local Al Cio Leader. Katz said . Negotiators were keeping such fears in mind. Environmental groups also Are fighting the proposed agreement. They fear tax mexican pollution Laws will harm the environment. A princely Royal a 1926 Daimler Royal stands gleaming under the lights at the Hunting expeditions. The Royal features a jump seat seen at Retro Mobile exhibition in Paris on sunday. The Silver 45 the right along the Side of the automobile used by the Prince horsepower vehicle was ordered in 1926 by Gulab Singh Prince when he shot game. The car is now part of the Blackhawk my of former Rewa state in India who used it during his Tiger Seum in san Francisco and costs $2 million. Tops Japan in executive pay study says Tokyo up a top executives from Japan s biggest companies make less than one third the yearly income of their . Counterparts a research firm reported monday. Japanese who head companies with More than $80 million in assets take Home an average of $388,000 in yearly salary and bonuses compared with $1.24 million for the average president at similar sized . Companies. The report was put together by the privately funded wage and salary administration and research Institute the Kyodo news service reported. The Institute surveyed the salaries of 838 executives heading corporations that participated in its management seminars. Japanese companies capitalized at $80 million or More made up the top ninth percentile of the firms surveyed. Presidents at these companies receive an average of just less than $300,000 in annual salary plus nearly $90,000 in bonuses the Institute said. The report came As . Management practices have come under fire in Japan. A the idea that just because you Are at the Helm of a company you should be earning 20 or 30 times what the Guy on the Assembly line is making is not understood to be justified Here in Japan Quot said Jesper Koll chief economist at . Warburg securities. The tendency in Japan is to take a consensus approach to decisions with no one individual taking All the credit Koll said a when that is the Case things tend to happen much More slowly but also More thoroughly Quot he said. Criticism of . Management practices has found its Way to such lofty places As the diet Japan a parliament. Recent com ments by prime minister Kiichi Miyazawa lamenting what he called a a loss of Worl ethics in the United states came in response to a lengthy critique of . Man agers by a High ranking politician. The average yearly take Home pay of Al 838 presidents whom the Institute surveyed came to about $208,000, including bonuses. Last november a group of . Share holders produced a list of company executives they said were vastly overpaid based on their companies size and performance the study of executives of 1,000 Toj companies in the United states showed i Range of salaries from $150,000 to $99.1 million. The chief researcher of the study sait Only about one third of the vast Range o salaries were acceptable when one consid ered a company s size and performance
