- 19 -
Sales are in millions, +1 SD is one standard deviation over
the average, and +2 SDs is two standard deviations over the
average.
The +1 SD and +2 SDs are adjustments to the average
compensation by ECS for superior performance. The ECS survey of
top executives' compensation in the business services and
wholesale trade industries for companies with sales in the range
of $135 to $175 million showed the top compensation of any CEO to
be $703,530 for 1988, $779,555 for 1989, $882,680 for 1990, and
$838,970 for 1991. The compensation shown in the ECS survey was
total cash compensation, including salary, bonuses, and cash
fringe benefits.
The following schedule shows information taken from proxies
of the advertising agencies indicated with respect to revenues
and net income before taxes for the years 1988, 1989, 1990, and
1991:
Page: Previous 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NextLast modified: May 25, 2011