Page 650 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

Chapter 11. The Past, Present, and Future 635

1950 Catastrophic medical coverage (Blue Cross & Blue Shield)
1950 American Management Association (AMA) begins executive pay studies
1950 Defense Production Act limits pay increases
1950 Alfred Sloan gives $5 million to MIT for industrial managment school
1950 Time span of discretion job evaluation (Jacques)
1951 Single regression analysis of pay (AMA)
1951 AICPA Bulletin 43: stock issued under 1950 act not required to be expensed
1951 Section 423 restricted stock options (Pfizer)
1952 Broad-based statutory stock options (Pfizer)
1953 Multiple regression analysis of pay (General Foods)
1953 Business use of company airplanes (General Electric)
1954 Management by objectives introduced (Drucker)
1955 DJIA average exceeds previous high of 346 (1929)
1955 Constructive receipt and economic benefit (IRS)
1955 Employee stock ownership plans (Kelso)
1955 Updated career earnings pension plan (IBM)
1955 Split-dollar insurance for executives (General Electric)
1955 World at Work begins as Ohio Wage and Salary Association
1955 Wage and Salary Administration published (Belcher)
1956 Tax preparation for officers (General Electric)
1957 American Institute of Accountants becomes the American Institute of Certified
Public Accountants (AICPA)
1957 Retiree medical benefits (Continental Casualty)
1957 Personal use of company aircraft (General Electric)
1957 Apartment for executives (General Electric)
1957 Vision care (Continental Casualty)
1958 Variable annuity pension plan (Pan American Air)
1958 Club membership for executives (General Electric)
1958 Discounted stock purchase plan (IBM)
1959 Person needs five times annual pay in stock to identify with company (Crawford)
1959 Accounting Principles Board formed
1959 Motivation to Work published (Herzberg)

1960–1969
1960 DJIA at 616
1960 Equity theory of pay (Lawler)
1960 Premium for deferring stock awards (General Mills)
1960 Premium for taking bonus in stock (General Mills)
1961 Men, Money & Motivation published (Patton)
1962 Keogh plans (Self-Employed Individuals Tax Retirement Act)
1963 My Years with General Motors published (Sloan)
1964 Expectancy theory of pay (Vroom)
1964 Nondiscounted age and service combination pensions (UAW and auto industry)
1964 Origins of Modern Wage Theories published (Tolles)
1964 Prescription drug plan (UAW and auto industry)
1965 Half-price stock purchase paid back at variable interest (ITT)
1965 Tax Act sets maximum tax of 70% on $200,000 annual income