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December Total
FYE May 31 Base Salary Bonus May Bonus Annual Comp.
1992 $51,385 $3,800 $100,000 $155,185
1993 55,350 6,150 120,000 181,500
1994 53,300 15,000 150,000 218,300
1995 55,000 4,100 160,000 219,100
1996 59,800 4,600 160,000 224,400
1997 65,000 2,500 120,000 187,500
1998 168,000 16,000 250,000 434,000
1999 48,000 -- -- 48,000
1999 Fiscal Year Loans Mr. Wechsler Made to Petitioner
During petitioner’s 1999 fiscal year, Mr. Wechsler made
several short-term loans to petitioner. He made four cash loans
totaling $2,562,400 to petitioner on the dates and in the amounts
specified below:
Date Amount
Sept. 1, 1998 $797,000
Sept. 2, 1998 807,000
Sept. 11, 1998 57,100
Oct. 7, 1998 901,300
Total 2,562,400
Petitioner repaid these cash loans on the dates and in the
amounts specified below:
Date Amount
Sept. 24, 1998 $797,000.00
Oct. 8, 1998 291,376.54
Oct. 21, 1998 1,474,023.46
Total 2,562,400.00
On October 8, 1998, Mr. Wechsler lent petitioner securities
with a market value of $1,479,453 (the securities loan). On
October 14, 1998, petitioner returned those securities to Mr.
Wechsler.
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