Table: Pay For Performance: Who Measures Up...And Who Doesn't

To see how pay matches up to performance, BUSINESS WEEK uses two mea-
      surement systems. One relates pay to how good a job the boss did for 
      shareholders. The other compares pay with how good a job the boss did for the 
      company.
      
      EXECUTIVES WHO GAVE SHAREHOLDERS THE MOST FOR THEIR PAY...
      
                                         Total pay*        Shareholder     Relative
      1992-94                        Thousands of dollars    return**        index
      1 WARREN BUFFETT Berkshire Hathaway    $300              125%           751
      2 MICHAEL BIRCK Tellabs                1,831             673            422
      3 JOHN MORGRIDGE Cisco Systems         1,078             324            393
      4 ERIC BENHAMOU 3Com                   3,486             817            263
      5 ROBERT SWANSON JR. Linear Technology 1,878             205            163
      
      ...AND THOSE WHO GAVE SHAREHOLDERS THE LEAST
      
      1 MICHAEL EISNER Walt Disney           221,127           63             0.7
      2 SANFORD WEILL Travelers              132,614           72             1.3
      3 ANTHONY O'REILLY H.J. Heinz          41,096            4              2.5
      4 JAMES CAYNE Bear Stearns             45,216            22             2.7
      5 RONALD RICHEY Torchmark              30,651           -0.4            3.2
      
      EXECUTIVES WHOSE COMPANIES DID THE BEST RELATIVE TO THEIR PAY...
      
                                           Total pay      Average return   Relative 
      1992-94                        Thousands of dollars   on equity        index
      1 LAURENCE TISCH CBS                   5,485             56.7%          239
      2 JAMES PRESTON Avon Products          3,921             95.0           174
      3 JOHN MORGRIDGE Cisco Systems         1,078             34.0           149
      4 R. J. TARR JR. Harcourt General      9,679             12.7           118
      5 MICHAEL BIRCK Tellabs                1,831             16.5           98
      
      ...AND THOSE WHOSE COMPANIES DID THE WORST
      
      1 RONALD ALLEN Delta Air Lines         2,136            -26.1          -86
      2 JAMES PATE Pennzoil                  3,181            -3.8           -47
      3 ERIC BENHAMOU 3Com                   3,486            -3.0           -27
      4 ROBERT WILLIAMS James River          3,056            -5.1           -19
      5 RICHARD HOLDER Reynolds Metals       2,096            -6.7           -17
      
      *Salary, bonus, and long-term compensation paid for the entire three-year 
      period **Stock price at the end of 1994, plus dividends for three years, 
      divided by stock price at the end of 1991
      DATA: STANDARD & POOR'S COMPUSTAT
      
      
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