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on the statistics from the advertising field, is of little value.
If any consideration were warranted of the salaries paid by
advertising agencies, the payments by Grey Advertising, Inc.,
Interpublic Group of Companies, and the Omnicom Group, one of
which had revenues of about three times that of BI, another of
which had revenues of almost 10 times BI's, and the third about
six times BI's revenues would have to be eliminated. The
salaries paid to CEO's by the other advertising firms as shown in
the proxies ranged from $250,000 to $715,000. None approached
the salary including bonuses paid to Mr. Schoenecker by BI for
any year here in issue.
The clear indication from the testimony of Mr. Locke is that
he was aware of salaries paid by BI's direct competitors, Maritz
and MacDonald, but would not disclose them.
Respondent's expert, Mr. Brennan, used the ECS statistics
along with other information in his reports. Mr. Brennan's
report was received in evidence as his opinion, and petitioners'
counsel did not cross-examine him on the report.
Petitioner argues that the business services and wholesale
trade from the ECS statistics primarily relied on by Mr. Brennan
are not comparable to BI: (1) Because the area of business
services and wholesale trade are not comparable to petitioner's
business, and (2) because the officers in these companies may
have received pensions and other benefits that Mr. Schoenecker
did not get. It is reasonably clear that the compensation in the
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