- 35 -
greater than the top salaries paid. If, in fact, petitioner had
been among the companies included in the ECS report, the salary
paid to Mr. Schoenecker would have been the top salary since it
exceeded the top salary shown in the ECS report. However, BI and
GSI were not public companies, the financial operations of which
were available to ECS from published sources. It appears that
neither BI nor GSI information was reported to ECS. Another
difficulty with the ECS statistics is the difference in the
number of companies included in different years. However, we
have compared the figures of the top salaries in the business
services and wholesale trade classification for the years 1988
through 1991 with the salaries paid by advertising firms that
were close in size to BI. Overall the top salaries in the
business services and wholesale trade classification are in
excess of the salaries paid by advertising firms of the
approximate size of BI. According to petitioner's witness, the
salaries in the business services and wholesale trade industries
did not include certain fringe benefits, such as retirement pay.
However, there is nothing to show that in addition to the
reported salaries, such fringe benefits were paid by the
companies. The ECS figures of top pay in the business service
and wholesale industry are also in total in excess of the amount
of salary that would have been paid to Mr. Schoenecker under the
1974 agreement for the years here in issue. We are aware, of
course, that under an arm's-length arrangement, the base salary
Page: Previous 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 NextLast modified: May 25, 2011