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duties and assumed all the responsibilities for petitioner's
operations.
Mr. Reilly based his analysis of compensation paid to Dennis
on the duties performed as president and chief executive officer
(CEO), chief financial officer, vice president of marketing and
sales, and chief operating officer (COO). Mr. Reilly based his
analysis of compensation paid to Curtis on the duties performed
as vice president and chief engineering executive, COO (in
Dennis' absence), and supervisor of petitioner's logging
operations.
Mr. Reilly found that, in his efforts to compare petitioner
to other highway and heavy construction companies, petitioner was
unique because it had a management team of only two people,
Dennis and Curtis, who operated a business with annual revenues
between $5 and $6 million. Petitioner's management structure was
comparable to that of highway and heavy construction companies
with annual revenues between $1 and $3 million. Furthermore, in
Mr. Reilly's opinion, it would take four people to replace
Dennis. Mr. Reilly also noted, in comparing petitioner to other
highway and heavy construction companies of comparable size, that
petitioner operates in northern Minnesota where the construction
season is very short. In comparing petitioner's financial
information to the published survey data, Mr. Reilly used
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