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He became a full-time employee in 1985.
After he began working full time for petitioner, Mr. Crispe
eventually performed substantial administrative and general
business tasks that Mr. Martin previously handled.
As indicated previously, Mike had helped Mr. Martin while in
junior high school. Following his graduation from high school,
he worked for petitioner full time. He became petitioner's
production manager in the late 1980's and was promoted to vice
president for manufacturing in 1990.
In addition to Mike, during its fiscal year ended June 30,
1990, petitioner employed a staff engineer, as well as two
production managers or team leaders. Petitioner also had four
salesmen, each of whom worked on a commission basis.
During 1990, Mr. Martin's duties included: (1) Setting
corporate policy; (2) establishing and monitoring quality policy
and authorizing resources to ensure compliance; (3) maintaining
relationships with customers, professionals, and the community,
as needed; (4) directing the investment of funds; (5) directing
employee policies; (6) establishing 1-year and 5-year mission
statements; (7) coordinating relationships with competitors,
suppliers, and consultants to accomplish corporate goals; (8)
chairing all board meetings; (9) approving departmental strategy;
and (10) reviewing and approving all capital expenditures.
From 1981 through 1991, Mr. Martin's total annual
compensation, consisting of a salary and bonus, from petitioner
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