European Stars and Stripes (Newspaper) - May 12, 1992, Darmstadt, Hesse                                Tuesday May 12, 1992 the stars and stripes b Page 17money matters today a tip Pepsico inc., the company that makes Pepsi cola announced plans sunday to promote its sodas with a plastic card that Consumers can use for discounts on a variety of products and services. About 40 million cards will be distributed in Multi packs of Pepsi cola products during the 16-week promotion which starts next week. Companies participating in Pepsi so gotta have it card promotion include Reebok Sci communications corp., blockbuster video norwegian cruise lines Continental airlines inc., Avis inc. And local partners throughout the  rates London up mondays 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 $336.25 an ounce Silver at $4.12. May 8 May 11 British Pound.1.7889 1.7934 German mark.1.6455 1.6413 French franc.5.4925 5.4955 dutch guilder.1.8373 1.8465 belgian franc.33.61 33.82 italian lira .1,229.00 1,237.90 Swiss franc.1.5625 1.5255 greek drachma.192.22 193.90 turkish lira.6,645.90 6,6692.90 saudi arabian rtyal.3.7488 3.7488 Spanish peseta.102.05 102.80 portuguese escudo.136.29 137.10 Mckan dollar.1.1990 1.2040 austrian schilling.11.4775 11.5760 norwegian krone.6.3700 6.4200 danish krone.6.3030 6.3625 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates apply to the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.60 Marks to a Dollar and $1.84 for a Pound through tuesday based on mondays noontime  Dean up in Chicago flood Chicago up the underground flood that hit Chicago last month provided a payday Bonanza to City workers who collected thousands of dollars in overtime and Holiday pay a report said. The Chicago Sun times cited City records submitted to the Federal emergency management Agency in saying City workers who helped Battle the crippling Waters earned More than $1,000 for a Days work. The flood recovery Effort involved work on Good Friday a City Holiday entitling employees As much As 2vi times their Normal wages depending on Job classification. City electricians for instance earned $56.62 an hour and traffic signal and Street Light repair workers made $55.75 an hour. Operators of heavy equipment made $47.80 and earned a future Day off under the terms of their contract. Federal officials reviewing the costs said there was nothing unusual about the City a High payroll during the disaster. A had they not come in on Good Friday and filled the sandbags and did what they did to Stop the leak we could have been talking about millions and millions in additional Cost a said David Skarosi Federal coordinating officer for Fema. Heinz chief tops Forbes list of Best paid execs in 1991 Anthony . He new York up of Reilly head of food maker . Heinz co., was americans highest paid chief executive officer in 1991 a a Banner year for the nations captains of Industry Forbes Magazine reports in its current Issue. Despite reduced corporate profits and massive layoffs 51 percent of the 800 chief executive officers of americans largest publicly held companies earned at least $1 million last year up from 48 percent in 1990, the Magazine said. In its annual ceo compensation Survey Forbes said 407 chief executive officers made the last year compared o Reilly millionaires club with 386 in 1990. Forbes measures total compensation by tracking salary and Bonus non Cash Stock gains mainly from exercising options and other benefits. Heinz so Reilly received a total pay package of $75 million in 1991 with More than $71 million generated by Stock awards. Heinz Stock has gained 700 percent in value since 1982. Martin j. Wygod chief executive officer of Medico containment services was second on the Forbes 800 list with compensation of $34.5 million. Almost $34 million of his pay came from Stock gains. Leon c. Hirsch ceo of . Surgical corp., captured third place with earnings of $23.2 million including $20 million from Stock gains. Tele communications  John a Malone ranked no. 4 on the list earned $18.9 million. As a group the 800 chief executive officers on the Forbes list earned More than $1.4 billion in 1991, which was equal to slightly More than 1 percent of the total net profits generated by their companies and about 4 cents on every $100 of revenues. By Industry the chief executive officers of publicly held entertainment and information companies out earned their Peers in other industries with a median total compensation of $1.73 million in 1991. Michael d. Eisner chief executive officer of the Walt Disney co., led the in tar Tain Cut information segment with $5.4 million in total pay last year despite his salary and bonuses dropping by 52 percent. By geographic area new York lost first place to Houston As the City with the highest median total compensation for executives. Cos on the Forbes list who Are based in Houston averaged $1.82 million in total pay last year. The biggest pay Cut among chief executives surveyed by Forbes was taken by Paul fireman of Reebok International ltd., whose total paycheck shrank by 86 percent in 1991 to >2 million. The activist United shareholders association ranked fireman a compensation in 1990 As the second worst among 919 executives in terms of company performance. The worst ranked by the association were the co cos at time Warner inc., Steven j. Ross and . Nicholas jr., who were paid a combined $99.6 million in 1990. Small businesses called key to Economy Washington a Small companies Are expected to play a big role in the nations economic recovery according to a Survey of the nations chamber of Commerce executives. The Survey also found that local business leaders believe Large corporations could play a significant part in helping smaller firms grow. The nationwide Survey conducted on behalf of International business machines corp., polled 267 executives of local Chambers of Commerce. The poll was to be released monday in Washington. The Chambers were located in the 50 largest metropolitan areas representing 27 states and 46 percent of the . Population according to Thurm associates a new York marketing firm that conducted the Telephone Survey for ism Between March 16 and april 1. According to the study 87 percent of those surveyed believe Small business a will continue to be the driving Force in an economic recovery because Small firms traditionally Bounce Back quicker. But enthusiasm was less Strong in the recession battered Northeast where Only 77 percent expected Small business to Lead the Way. By comparison 95 percent of respondents in the Midwest 92 percent in the South and 86 percent in the West believe Small businesses will Power the engine of recovery. On another topic 82 percent of respondents said big business could help smaller firms solve their problems Analyse How they arc doing or expand their business. The surveys creators said they picked local Chambers of Commerce because of close ties to the local business climate representing the interests of Small businesses in their communities. Ninety two percent of the people questioned said companies belonging to their local Chambers of Commerce averaged fewer than 100  car sales in Japan fall for 16th month in Row Tokyo up a the number of foreign automobiles sold in Japan plunged during april for the 16th consecutive month the Japan automobile importers association has reported. A a Japan a economic slowdown seriously hit the Auto Market a an association spokesman said. The number of new foreign car registrations totalled 14,994, a 14.7 percent decline from a year earlier. A however we Are not pessimistic a the spokesman said. A we Hope imported cars will rebound along with the economic recovery which some economists expect by the end of the  in two other signs of the country a economic slump a Toyota motor co. Said daily operating hours at its factory in Tahara 150 Miles West of Tokyo have been halved from 16 to eight. It was the first reduction in operations for Toyota Japan a largest automaker since 1987. A Nissan motor co. Disclosed plans to reduce its production in the april september period by 5 percent from the same period last year to fewer than 1.1 million units. German vehicles led the import list with 8,920, Down 10.5 percent from the same month last year. The germans commanded a 59.4 percent share of the imported car Market. . Cars took second place with 2,637, Down 12.5 percent from april 1991. Imports of american Honda co. Slumped 30 percent to 961 vehicles while general motors co. Imports jumped 18.2 percent to 856 vehicles. A spokesman for Yanase and co., Japan Stop Auto importer attributed the increase in pm cars to a Large scale advertising Campaign in Japan. The Campaign begun in March is aggressively marketing new models including the Cadillac Seville touring Sedan Pontiac grand am be Sedan and Buick Park Avenue. Business Ford recalls two 87 models to repair exhaust systems from wire reports Dearborn Mich. A Ford motor co. Has announced the recall of 306,000 1987-Model Taurus and Sable cars equipped with 3-liter engines to replace a catalyst Assembly. The repairs Are necessary to assure acceptable Levels of exhaust emissions the company said. It said owners will be notified by mail and asked to return the vehicles to their dealers who will perform the work at no charge. Vehicles built for Sale in California and Canada Are not affected by this action Ford said. Ford also announced plans to modify the catalyst exhaust system on about 20,300 1988-Model Ranger trucks built for Sale in California. The company said these vehicles equipped with 2.3-liter engines and manual transmissions May exceed that states emissions standards. Bank in a amp a regulators hands Westminster Calif. Regulators have taken final control of Delta savings Bank a Small savings and loan that it had placed into conservatorship six months ago. The office of Thrift supervision named the Resolution Trust corp. As receiver for Delta savings which has 2,247 Deposit accounts. The Etc said it would operate the Thrift which has $59.2 million in deposits while it negotiates for the Sale of the assets. It said Delta savings has $59.6 million in liabilities. Regulators did not give an estimate on How much the bailout of Delta savings will Cost