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1992 Compensation
Executive/Title Per Ms. Meyer
Nagy, SVP & CFO, $450,000
General Signal Corp.
Babcock, VP-Finance, 437,000
Thomas & Betts Corp.
Galvin, SVP Finance & 1473,300
Controller, Emerson
Elec. Co.
Rowell, EVP-CFO, 783,500
Hubbell, Inc.
Roell, VP-CFO, 2537,200
Johnson Controls, Inc.
Cross, SVP-Finance, 603,500
Cooper Indus., Inc.
Bielinski, VP & CFO, 3594,800
W.W. Grainger, Inc.
Savidge, EVP-CFO, 400,700
AMP, Inc.
Davis, CFO, Secy, 215,900
Baldor Elec. Co.
Allender, SVP & CFO, 519,000
Danaher Corp.
1 Added to the total compensation computed by Ms. Meyer is 20 percent
(or approximately $155,800) of a long-term incentive compensation plan
payout in 1993 of $778,790, which the Emerson Elec. Co. proxy materials
in the record disclose was paid with respect to a 5-year performance
period that included 1992.
2 Ms. Meyer’s figure includes a long-term incentive compensation plan
payout of $18,700 which, according to the Johnson Controls, Inc., proxy
materials in the record, is the 1992 portion of a long-term incentive
performance award covering the period 1992-94.
3 Excludes $47,800 of the total compensation computed by Ms. Meyer,
representing 67 percent of a $71,300 long-term incentive compensation
plan payout in 1992 that Ms. Meyer included in full, since the 1992
payout, according to the W.W. Grainger, Inc., proxy materials in the
record, covered the company’s 3 fiscal years 1990-92.
The 90th percentile of this range of compensation is $621,500.
Accordingly, reasonable compensation for Mr. Brink in 1992 would
have been an amount not exceeding $621,500. Mr. Brink’s 1992
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