To: John Biddle who wrote (30519 ) 12/28/2002 1:17:29 PM From: John Biddle Read Replies (1) | Respond to of 196681 Best CEOs in 2002, rated by Forbes December 28, 2002 THE BEST Best CEOs in 2002, rated by Forbes • 1. B. Thomas Golisano: Paychex Two-time New York gubernator- ial candidate (indepen- dent) foun- ded payroll business 30 years ago. Big philan- thropist, gave away $40 million in recent years. • 2. Irwin M. Jacobs: Qualcomm Workaholic kept $2.7 billion wireless equipment maker debt-free last year. Took a 30 percent drop in 2001 bonus, to $600,000. • 3. Dane A. Miller: Biomet Outspoken foe of executive greed, doctorate in biomedical engineering turned $500,000 Small Business Adminstration loan into a $1 billion orthopedic products company. • 4. Charles W. Ergen: EchoStar Communications The co-founder of the Littleton-based satellite TV company has 89 percent voting power. Same $250,000 salary since 1999. • 5. John W. Brown: Stryker Joined family-owned medical-equipment firm in 1977, took public two years later. Expanded product lines and saw shares rise 150-fold. THE WORST Worst CEOs in 2002, rated by Forbes • 1. Michael D. Eisner: Walt Disney Shareholders outraged at Eisner's big pay package and poor performance have proposed limiting future options grants to Disney executives. Six-year average salary: $123 million. • 2. Ray R. Irani: Occidental Petroleum While Occidental's earnings per share dropped by 26 percent in 2001, the company could still afford to pay Irani's financial planning costs, country club dues and $2.6 million bonus. • 3. J. Harold Chandler: UnumProvident Chandler took a $5 million bonus for leading the $5 billion merger of Unum and Provident in the summer of 1999, but the stock has dropped 43 percent to a recent $29. • 4. Richard M. Scrushy: HealthSouth After two years of taking a reduced salary, the founder took a $6.5 million bonus while earnings per share dropped 28 percent to 51 cents. • 5. Henry R. Silverman: Cendant His New York-based travel conglomerate has $6.1 billion in debt, and earnings slipped 40 percent last year; he took bonus of $4.7 million last year. YEAR OF THE CUT Through Dec. 24, there were 647 ratings cuts, two more than for all of last year, according to Moody's Investors Service.