National Labor Relations Board v. Black-Clawson Co.

Respondent company, in 1948, undertook consideration of a profit-sharing retirement plan for its employees; and its officials carried on consultations with specialists in such plans from various insurance companies. As a result, re» spondent’s Director of Industrial Relations and a specialist in such plans from one of the insurance companies engaged in extensive research, and in May 1950, submitted a tentative draft of a profit-sharing retirement plan for employees to the president of respondent company. Thereafter, the board of directors adopted a resolution authorizing the president to…