By Arthur E Thiessen
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Extra resources for A history of the General Radio Company
All the parts necessary to assemble a run are conveniently available to the assemblyman's reach. These parts include everything from simple hardware to complex components previously made and tested elsewhere. Rather than the instruments moving past the operator, as in the usual production line, the assemblyman moves from instrument to instrument, performing an identical operation on each, as, for instance, soldering a particular color-coded wire to a terminal. In this way, the speed possible with repetitive operations can be achieved, which is many times faster than one-instrument-at-a-time assembly would be.
46 A further, more important retirement benefit became possible when the Congress passed Public Law No. 729 in 1942. This act amended the income tax laws so that an employer, like GR, can give, tax-free, some portion of its annual profit (when there is a profit) to an irrevocable trust for the benefit of all its employees, pro rata with the yearly pay of each. The employer's contribution each year is a percentage of the total payroll but may not exceed 15 percent. When an employee leaves his job by retirement or for any other reason, his nest egg in the trust is payable to him or, if by death, to his estate, subject, if in a lump sum, only to capital gains tax.
A. A. Posthumus, a native of Baarn, Holland, for the Netherlands and Belgium. Soon after, representatives were appointed for other countries---Great Britain, Italy, France---and ever since export has been an important part of the Company's business. Today there are resident representatives in twenty-two countries, including every major country of the free world. It was in 1928 that the company took another big step forward by the employment of five new engineers in that one year, more than doubling its engineering staff, and J.
A history of the General Radio Company by Arthur E Thiessen