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Show STEEL CORPORATION METHODS T UDGE ELBERT H. GARY, chair-J chair-J man of the board of directors of the United States Steel Corporation, is noted no-ted for reforms he instituted among the company's 270,000 employes, as well as for .his "commanding place among America's great executives. Sixty thousand of the United States Steel Corporation's employes are stockholders, stock-holders, because of Judge Gary's plan of allowing them to purchase stock at a price slightly under the market quotation, quota-tion, paying for it out of their wages. Although the worker draws dividends on his stock immediately it is proportioned propor-tioned to him the amount being based on his wages he pays but 5 per cent interest on the deferred payments. At present, the stock is earning 17 per cent, so thousands of laborers are drawing 12 per cent interest on money they haven't even earned. - "We find," said Judge Gary, "that decent de-cent treatment of our employes pays, . not only in the satisfaction of .knowing that we have helped our fellow workers to a higher standard of living, but in dollars and cents as well." |