Collard Magnate questioned on profit sharing systems....
Collard Magnate questioned on profit sharing systems. Washington, D.C., Nov. 30. Testifying before the Senate Finance Subcommittee today, R.O. Kennedy, Vice President of Cluett, Peabody, and Co. of Troy, N.Y., said that if incentive taxation is used a method would have to be developed according to the ratio of wage distribution to profits in the various industries. He added it would be impossible to set up an arbitrary ratio
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