- Henry Z. Steinway increases the autonomy of separate Steinway & Sons departments by giving each department the yearly expense budget ($126,000 total for all departments). This way the departments no longer need to request the Board of Directors’ approval for every minor purchase they need to make.
- Henry Z. Steinway also increases the Vice-Presidents salaries to exceed those of Steinway family members (reflecting the notion that people who actually do the work should be paid more than those who simply have the last name of Steinway).