Day 145 - 29 Jun 95 - Page 10

     
     1        is communications.
     2
     3   Q.   In the Crew Handbook, perhaps you should look, it is
     4        page 314 within tab 6?
     5        A.  Excuse me, say that again.
     6
     7   MR. JUSTICE BELL:  Divider 6.
     8        A.  Which page?
     9
    10   MS. STEEL:   Page 314, "Extra starts", and if you go over the
    11        page it has:  "Systems.  Purchase plan, McSave and
    12        Mc"  -----
    13        A.  Where are you reading from?
    14
    15   MR. JUSTICE BELL:  Page 315 now.
    16
    17   MS. STEEL:  Yes.  I just wanted you to know what section it is
    18        in.  It does not mention profit sharing, does it?
    19        A.  This one does not, but I can tell you, as a matter of
    20        fact, that there is what I described and they receive
         quarterly statements of their accounts.
    22
    23   Q.   So crew, part-time crew, would not know about profit
    24        sharing?
    25
    26   MR. JUSTICE BELL:  is that profit sharing as such?  All that
    27        does is say that employees may purchase McDonald's common
    28        stock, which I assume (but may well be wrong about) means
    29        ordinary shares in this country's terminology?
    30        A.  Yes, that is not the profit sharing that I am
    31        referring ----
    32
    33   Q.   No, they have to buy it with their own money but it can be
    34        done without paying a brokerage fee, so the only advantage
    35        they have over the ordinary citizen is you do not pay a
    36        brokerage fee on purchase?
    37        A.  That is correct, as to that benefit, right there.
    38
    39   Q.   You can do it either by deduction from your payroll or by
    40        just making a regular lump sum contribution?
         A.  That is correct, my Lord, as to the benefit that is
    42        reflected -----
    43
    44   Q.   But that is not profit sharing?
    45        A.  No, it is not, my Lord.
    46
    47   Q.   Save in a very indirect way?
    48        A.  That is correct.  We do not call that "profit sharing",
    49        my Lord.
    50 
    51   Q.   No. 
    52 
    53   MS. STEEL:   Part-time crew would not know anything about it if,
    54        as you claim, they are supposed to be entitled to profit
    55        sharing?
    56        A.  There are things that are posted in the stores
    57        concerning profit sharing and how it works.  There are lots
    58        of communications concerning it.  It is not listed
    59        specifically in here.  I do not know why they did not list
    60        it, but I can tell you that there are announcements