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To: adsorb who wrote (17529)	4/6/2000 10:06:00 PM
From: adsorb	Respond to of 19700

OT...Top CEOs pay soared 17% in 1999, says BusinessWeek NEW YORK, April 6 (Reuters) - It's good to be king. Just ask the chief executives at top U.S. companies, whose pay packets bulged to unprecedented levels in 1999 on the back of a roaring economy and runaway share prices. Chief executives at 362 of the largest U.S. companies pulled in average pay, including bonuses and stock options, of $12.4 million last year, according to a survey by BusinessWeek. That's up 17 percent from 1998's average of $10.6 million and more than six times the average CEO paycheck in 1990, BusinessWeek said in a statement. In its annual executive pay scoreboard due to be published in its April 7 issue, the New York-based business publication said the Top 20 CEOs on its list averaged $112.9 million each in 1999. Topping BusinessWeek's list was Charles Wang, chief executive of business software provider Computer Associates International Inc. (NYSE:CA), with a total of $655.4 million for the year. Behind Wang came Dennis Kozlowski, CEO of diversified manufacturer Tyco International (NYSE:TYC) at $170 million, David Pottruck, co-CEO of No. 1 discount brokerage Charles Schwab Corp. (NYSE:SCH) at $128 million and John Chambers of computer networking equipment giant Cisco Systems Inc. (NASDAQ:CSCO), who raked in $122 million. Fifth on the list of personal earnings was Stephen Case, who made $117 million as chief executive of Internet service provider America Online Inc. (NYSE:AOL). Louis Gerstner of International Business Machines Corp. (NYSE:IBM) was sixth with $102 million for the year. The list, which reads like a Who's Who of corporate commanders, combines salaries and bonuses with stock options and other long-term compensation items to get totals never before seen in corporate America. The numbers reflect an unprecedented run-up in U.S. stock markets last year, when the Nasdaq rocketed more than 80 percent and the Dow Jones Industrial Average soared 25 percent. On a pay-for-performance basis, David Wetherell, chairman and CEO of Internet investment firm CMGI Inc. (NASDAQ:CMGI), gave shareholders the most for their money, BusinessWeek said. Wetherell, who took home about $3.5 million last year, presided over a three-year total return on his company's stock of 14,000 percent, BusinessWeek said. On the opposite end of that measure, delivering the least performance to shareholders relative to pay, stood Walt Disney Co.'s (NYSE:DIS) Michael Eisner. Eisner earned $50.7 million in 1999, the magazine said. . Copyright 2000, Reuters News Service