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Petitioner paid and deducted $486,154 as compensation to
Mrs. Wechsler for its 1999 fiscal year. Of that amount, $178,154
was salary, $8,000 was a December bonus, and $300,000 was a May
bonus.
During its 1992 through 1997 fiscal years, petitioner paid
its then executive vice president, Mr. Glickman, a base salary, a
December bonus, and a May bonus as follows:
December Total
FYE May 31 Base Salary Bonus May Bonus Annual Comp.
1992 $166,400 $100,000 $550,000 $816,400
1993 166,400 250,000 400,000 816,400
1994 166,400 300,000 450,000 916,400
1995 172,800 12,800 600,000 785,600
1996 166,400 -- 600,000 766,400
1997 169,600 -- 160,000 329,600
During its 1992 through 1997 fiscal years, petitioner paid
Mr. Zeeman (who largely functioned as its chief financial officer
and until 1992 headed its back office operation) a base salary, a
December bonus, and a May bonus as follows:
December Total
FYE May 31 Base Salary Bonus May Bonus Annual Comp.
1992 $156,000 $100,000 $550,000 $806,000
1993 146,000 50,000 100,000 296,000
1994 104,000 50,000 100,000 254,000
1995 108,000 8,000 115,000 231,000
1996 114,000 -- 115,000 229,000
1997 106,000 -- 48,000 154,000
During its 1992 through 1999 fiscal years, petitioner paid
its vice president/executive vice president, Mr. Solomon, a base
salary, a December bonus, and a May bonus as follows:
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