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of [[underlined]] Executive meeting [[/underlined]]
Ditto afternoon. Then discussed [[red vertical line in left margin]] before [[underlined]] Redman and Rossi with Schluessner and Karpen [[underlined]] [[/red vertical line]] their [[/underlined]] [[red underlined]] remuneration. [[/red underline]] In as far [[red vertical line in right margin]] as they had passed a resolution that [[underlined]] general expenses should be reduced in view of lessened earnings [[/underlined]] of 1927, showed them no reductions could be made [[underlined]] except in exhorbitant fees they were charging. which would mean [[/underlined]] large reduction. [[underlined]] I submitted that $25000 was enough for me and that they together should be satisfied with that sum. [[/underlined]] Both were [[underlined]] obstinate and Karpen most to any reduction. [[/underlined]] Finally I left them to [[underlined]] talk it over with Redman and Rossi. [[/underlined]] I had showed them that on account of inaccessibility and [[red vertical line]] other matters [[underlined]] Karpens services were more valuable [[/underlined]] than
[[left margin]] Karpen etc. trying [[red underlined]] to grab large unearned salaries. [[/red underlined]] [[/left margin]]
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[[underlined]] Schluessners. [[/underlined]] Both say that the money they get is deducted from their pay of their respective companies To [[underlined]] which I objected that Bakelite should not be called in to pay the salaries of any of R&H. officers. [[/underlined]] After a long discussion [[underlined]] I had to make a compromise: [[/underlined]] I to get [[underlined]] $30000 and Schleussner and Karpen $15000 [[/underlined]] each, but Karpen [[underlined]] is allowed [[/underlined]] to derive a certain sum of money in addition as [[underlined]] President of Autopaint. [[/underlined]] [[strikethrough]] Next [[/strikethrough]] (Later on, on Friday I [[underlined]] prevailed upon Karpen [[/underlined]] not to exceed [[underlined]] $5000 for the latter [[/underlined]] item making my share [[underlined]] 30000, [[/underlined]] Karpens [[underlined]] 20000 [[/underlined]] and Schleussners [[underlined]] 15000. [[/underlined]]
A hard [[strikethrough]] take [[/strikethrough]] task for [[underlined]] preventing [[/underlined]] them of [[underlined]] introducing grab methods in Bakelite Corporation and thus disturb the whole spirit of equity. [[/underlined]] With my personal taxes of [[strikethrough]] 20% + [[/strikethrough]] 5% normal tax and 20%