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Pay vs. Shareholder's Return

TOTAL COMPENSATION is the sum of an executive's salary,bonus, and long-term compensation for the three years.

VALUE OF $100 INVESTED is the yearend 1996 value of a $100 investment in the company made three years earlier, including both share-price appreciation and dividends (reinvested).

RATING shows how an executive stacks up against industry peers, measured in terms of pay relative to total return to shareholders. The rating is based on an index in which the value of the investment at the end of the three-year period is divided by an executive's total pay and then compared with other executives in the same industry group.





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Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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