“Venezuelan President Hugo Chavez said he would scrap new rules that oblige citizens to spy on each other, backing down after an outcry from the opposition, rights groups and the Roman Catholic Church.” (Reuters News has the full story)
CEO Shares $1 Million With Employees
It was a company picnic they’ll never forget. On June 14, Arie de Jong handed out $1 million in bonuses to his company’s 170 employees thanking them for their dedication during the twenty years he owned the business.
Everyone at the San Diego-based Coast Waste Management Inc., even those earning as little as $5.50 an hour, received between $3,000 and $15,000.
“I’ve done well,” de Jong said, “and I’m very grateful.”
Arturo Anguiano, an employee for more than 15 years, was given $11,000.
“I called my wife because I couldn’t believe, and she thought it was a joke,” he said.
Anguiano, 36, is a supervisor earning $18.50 an hour.
Coast Waste was acquired on May 30 by Texas-based USA Waste Services Inc. De Jong said he would remain on board as a consultant and a major stockholder.
(Source: Washington Post; June 15, 1997)
