-19-
We found Mr. Kesner's figure more reasonable than Mr. Brennan's
figure. Mr. Leonard dedicated much of the latter part of his
career to petitioner's success, often with little or no direct
compensation or security for his future. Mr. Brennan's retirement
figure would not have even represented 1 year's salary (under our
analysis).
We therefore concluded, and still conclude, that $700,000
represented a reasonable amount of total compensation (salary,
bonus, and retirement benefits) for Mr. Leonard in 1987.
Decision will be entered
as previously entered on
February 7, 1997.
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