Byline: Kim S. Martin Associated Press
General Dynamics Corp. announced plans Wednesday to eliminate at least one- third of its 90,000-person work force within four years because of the new austerity in government defense spending.
At the same time, company executives got shareholders to approve a plan that could double and possibly quadruple their salaries.
"Because the Cold War is a diminishing factor on the international scene, our industry's single most important market stimulus has rapidly receded," William A. Anders, chairman and chief executive officer, told the military contractor's annual shareholders meeting.
"The management does …
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