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1992 Compensation
Executive/Title Per Ms. Meyer
Moore, Pres., Elec. $1,211,400
Div., Thomas &
Betts Corp.
Suter, Pres. & COO, 11,278,800
Emerson Elec. Co.
Bonsignore, EVP & 1,135,700
COO, Honeywell, Inc.
Moore, EVP & COO, 1,159,000
Honeywell, Inc.
Riley, Pres. & COO, 768,900
Cooper Indus.,Inc.
Clark, EVP, Inds., 645,700
Westinghouse Elec. Corp.
Davis, EVP & COO, 2832,100
Rockwell Intl. Corp.
Marley, Pres. & COO, 570,300
AMP, Inc.
Qualls, Pres. & COO, 511,900
Baldor Elec. Co.
1 Added to the total compensation computed by Ms. Meyer is 20
percent (or approximately $378,800) of a long-term incentive
compensation plan payout in 1993 of $1,894,043, 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 Added to the total compensation computed by Ms. Meyer is 33
percent (or approximately $135,200) of a long-term incentive
compensation plan payout in 1993 of $409,605, which the Rockwell
Intl. Corp. proxy materials in the record disclose was paid with
respect to a 3-year performance period that included 1992.
The 90th percentile of this range of compensation is $1,224,880.
Accordingly, reasonable compensation for Mr. Denny in 1992 would
have been an amount not exceeding $1,224,880. Mr. Denny’s 1992
compensation, excluding the Retention Payment and disputed 1991
SRP Benefit, was $1,822,072. Consequently, petitioner has failed
to show that any portion of the Retention Payment and disputed
1991 SRP Benefit deducted with respect to Mr. Denny in 1992
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