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testified before this Court on numerous occasions. See, e.g., PMT,
Inc. v. Commissioner, T.C. Memo. 1996-303; Lumber City Corp. v.
Commissioner, T.C. Memo. 1996-171; Pulsar Components Intl., Inc. v.
Commissioner, T.C. Memo. 1996-129; Alondra Indus., Ltd. v.
Commissioner, T.C. Memo. 1996-32; Guy Schoenecker, Inc. v.
Commissioner, T.C. Memo. 1995-539; Mad Auto Wrecking, Inc. v.
Commissioner, T.C. Memo. 1995-153; Boca Constr., Inc. v.
Commissioner, T.C. Memo. 1995-5; L & B Pipe & Supply, Inc. v.
Commissioner, T.C. Memo. 1994-187; Mortex Manufacturing Co. v.
Commissioner, T.C. Memo. 1994-110; Thomas A. Curtis, M.D., Inc. v.
Commissioner, T.C. Memo. 1994-15; Automotive Inv. Dev., Inc. v.
Commissioner, T.C. Memo. 1993-298; Diverse Indus., Inc. v.
Commissioner, T.C. Memo. 1986-84; Owensby & Kritikos, Inc. v.
Commissioner, T.C. Memo. 1985-267.
Mr. Brennan determined that $328,160 was the “highest maximum
amount of total compensation for the highest-paid position that
could be attributed to” Mr. Leonard for tax year ending September
30, 1987. He further concluded that the “highest average amount of
total compensation for the highest-paid position that could be
attributable to” Mr. Leonard was $160,710. Mr. Brennan based these
conclusions on surveys of the amounts fabricated metals
manufacturing companies and general construction companies (with
revenues equal to petitioner’s) would pay a chief executive officer.
None of these industries was specifically involved in the pipeline
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