- -17 financial executive should be used to compare with Mrs. Penalba's salary. Mr. Brennan described the CEO as "the highest paid position found among survey data", while the top financial executive was the officer "responsible for the organization's overall financial plans and policies, along with its accounting activities and the conduct of its relationship with lending institutions, shareholders, and the financial community". Mr. Brennan's calculations were based primarily on data from the Executive Compensation Service (ECS). Mr. Brennan's report stated that the total compensation figures were based on the highest amounts from the non-manufacturing and wholesale categories, and included both salary and bonus amounts. If the survey for non-manufacturing companies yielded a higher pay amount than the survey for the wholesale industry, Mr. Brennan used the higher number. Mr. Brennan determined what the average compensation for each job was from the ECS survey and then took two standard deviations to arrive at his highest maximum amounts. We find no evidence that Mr. Brennan's conclusions are based on companies comparable to petitioner. Mr. Brennan's figures, taken from ECS statistics, are based on broad, general categories of industries, and not on businesses that are similar to the business of petitioner in this case. Mr. Brennan based his calculations on the wholesale industry and used the ECS statistics for companies with a Standard Industrial Classification (SIC) code for a trader in "nondurables, apparel,Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Next
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