- 39 -
Jack guided petitioner through the hard times when many of
petitioner’s competitors went out of business and into the
breakout years of 1995 and 1996.13 We are satisfied that Jack’s
long-term efforts leading up to 1995 and 1996, and Jack’s
spectacularly successful work in 1995 and 1996, justify ranking
Jack with the leaders of his field for the latter years. To us,
this means that reasonable compensation for 1995 and 1996 is to
be determined by reference to the 90th percentile of officer
compensation payments.
12(...continued)
the industry’s sales, as shown by the following table:
Petitioner’s
Petitioner’s Sales Sales as a % of
Year see supra Table 1 Industry Sales Industry Sales
1986 $2,528,724 $5,480,384,000 0.046
1987 3,022,585 5,512,572,600 0.055
1988 3,569,197 5,482,567,900 0.065
1989 3,380,615 5,392,508,800 0.063
1990 3,526,171 5,231,181,600 0.067
1991 2,888,775 4,728,750,100 0.061
1992 2,732,920 5,986,350,800 0.046
1993 4,197,494 7,755,418,000 0.054
1994 6,559,036 10,181,722,000 0.064
1995 9,006,092 12,327,516,300 0.073
1996 9,920,208 13,954,982,400 0.071
13 Hakala stated, in his rebuttal report:
BQH [petitioner] was a well run and successful dealership
with an established franchise and presence. Mr. Brewer
clearly deserves substantial credit for this success in 1995
and 1996.
Page: Previous 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 NextLast modified: May 25, 2011