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$184,449. Petitioner reported a small loss for that 32-week
period and reported profits in each year since through 2000.
Petitioner has never paid a dividend. Its return on equity
using average annual shareholder equity was as follows for 1991
through 2000:
Year Return on Equity
1991 -102.2%
1992 113.6
1993 70.0
1994 82.0
1995 23.7
1996 39.1
1997 28.9
1998 20.0
1999 32.6
2000 67.9
G. Martin Wertlieb (Wertlieb)
Wertlieb testified at trial as petitioner’s witness. The
parties stipulated that Wertlieb was an expert on executive
compensation, and the Court recognized him as such.4 Wertlieb
has worked for over 30 years in the compensation and personnel
field, and he currently heads his own compensation consulting
firm. He has advised a wide range of clients on the subject of
executive compensation, and he has testified before both Congress
and the courts as an expert on executive compensation. He opined
in this case that
4 Respondent also called an individual (James F. Carey) to
testify as an expert on compensation but withdrew that individual
before he was recognized as an expert.
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