Leonard Pipeline Contractors, Ltd. - Page 17

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          Leonard was undercompensated during prior years; (2) Mr. Leonard            
          received no prior reward for his personal efforts in obtaining the          
          All American Pipeline contract; and (3) Mr. Leonard received no             
          prior reward for development of the new insulation process.                 
               Both petitioner's and respondent's experts agreed that Mr.             
          Leonard was undercompensated in 1985 and 1986.  Yet, despite that           
          conclusion, respondent's expert, Mr. Brennan, made no adjustments           
          to Mr. Leonard's 1987 base salary figure.  Rather, Mr. Brennan              
          opined that Mr. Leonard was entitled to $160,710 in 1987, even              
          though he received only $162,252 in 1985 and $142,748 in 1986 from          
          joint ventures involving petitioner.  Thus, Mr. Brennan's 1987              
          figure failed to reflect the fact that Mr. Leonard was entitled to          
          a greater base salary.                                                      
               Petitioner's expert Mr. Wagner adjusted his 1987 base salary           
          upward to a $180,000 to $200,000 range to reflect the fact that Mr.         
          Leonard was entitled to a greater base salary than he had                   
          previously received.  We believed an adjustment for the 1987 base           
          salary to $200,000 was appropriate and reasonable.  Further, we             
          believed Mr. Leonard should have been given credit for the                  
          difference between the amount of his 1985 and 1986 base salaries            
          and $200,000, reflecting Mr. Leonard's undercompensation for those          
          years.  (The 1985 and 1986 base salaries were short by $37,748              
          ($200,000 - $162,252) and $57,252 ($200,000 - $142,748),                    
          respectively.)   Thus, Mr. Leonard was entitled to $95,000 to               
          reflect his undercompensation for 1985 and 1986.  Finally, we               




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