- 49 - good compensation practice. On that basis, Mr. Katz opined that Dennis and Curtis were overpaid by an almost unprecedented amount. On the basis of Mr. Katz' opinion, respondent contends on brief that compensation petitioner paid to Dennis and Curtis in excess of the following amounts for 1995 and 1996 was unreasonable: Position 1995 1996 Dennis (CEO) $243,000 $258,600 Curtis (COO) 192,450 202,350 Mr. Katz based his analysis of compensation paid to Dennis on the duties performed as the CEO and his analysis of compensation paid to Curtis on the duties performed as the COO. Mr. Katz did not consider any other functions performed by Dennis and Curtis or the number of hours they worked. We find the report of Mr. Katz to be unreliable. The report contains several typographical and mathematical errors. Although some errors were corrected by Mr. Katz' testimony at trial, others were not. Except for a statement in his report that the median salaries were based on ERI data, the report does not include the ERI data used by Mr. Katz to determine the median salaries and does not indicate the number of corporations, CEO's, or COO's included in the data. Additionally, although Mr. Katz testified that he looked at the range of compensation to evaluate the quality of the data, the report does not provide a range of compensation amounts from the ERI data.Page: Previous 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Next
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