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Indiana's highest-paid CEOs.

The 50 highest-paid chief executives of public companies

1 STEPHEN C. HILBERT Chairman, President & CEO Conseco

PAY: $8,728,244 Long-term compensation: $1,707,535 Stock options exercised: $29,947,139 Headquarters: Carmel Business: Insurance holding company 1992 revenue: $1525.8 million 1992 net income: $169.5 million Joined company: Founded in 1979 Age: 47 Education: Attended Indiana State University

2 VAUGHN D. BRYSON President & CEO Eli Lilly & Co.

PAY: $1,269,280 Headquarters: Indianapolis Business: Pharmaceuticals, medical instruments 1992 revenue: $6167.3 million 1992 net income: $708.7 million Joined company: 1961 Age: 55 Education: B.S. 1960, Stanford Sloan Program 1967, Stanford University

3 LOUIS P. FERRERO Chairman, president & CEO Anacomp

PAY: $1,242,090 Headquarters: Indianapolis Business: Micrographics equipment 1992 revenue: $628.9 million 1992 net income: $26.9 million Joined company: 1979 Age: 50 Education: B.S. 1966, University of Florida

4 W AUGUST HILLENBRAND President & CEO Hillenbrand Industries

PAY: $1,219,486 Long-term compensation: $493,268 Headquarters: Batesville Business: Caskets, hospital equipment, luggage, insurance 1992 revenue: $1429.8 million 1992 net income: $116.3 million Joined company: 1966 Age: 52 Education: B.S. 1965, St. Joseph College

5 EMERSON KAMPEN Chairman, president & CEO Great Lakes Chemical Corp.

PAY: $1,074,893 Stock options exercised: $7,026,746 Headquarters: West Lafayette Business: Specialty chemicals 1992 revenue: $1538.2 million 1992 net income: $232.7 million Joined company: 1951 Age: 65 Education: B.S. 1951, University of Michigan

6 IAN M. ROLLAND Chairman & CEO Lincoln National Corp.

PAY: $949,815 Long-term compensation: $107,453 Stock options exercised: $1,059,064 Headquarters: Fort Wayne Business: Insurance 1992 revenue: $8034.1 million 1992 net income: $362.9 million Joined company: 1956 Age: 59 Education: B.A. 1955, DePauw University; M.S. 1956, University of Michigan

7 DELMONT A. DAVIS President & CEO Ball Corp.

PAY: $943,283 Stock options exercised: $189,332 Headquarters: Muncie Business: Packaging products, aerospace and communications systems and services 1992 revenues: $2177.8 million 1992 net income: $69.1 million Joined company: 1969 Age: 57 Education: B.S. University of Colorado; attended graduate school at University of Colorado, University of Mississippi

8 HENRY B. SCHACHT Chairman & CEO Cummins Engine Co.

PAY: $798,437 Long-term compensation: $2,648,029 Stock options exercised: $308,172 Headquarters: Columbus Business: Diesel engines, components and power systems 1992 revenue: $3749.2 million 1992 net loss: $189.5 million Joined company: 1964 Age: 58 Education: B.S. 1956, Yale University; M.B.A. 1962, Harvard University

9 JAMES K. BAKER Chairman & CEO Arvin Industries

PAY: $792,685 Stock options exercised: $200,938 Headquarters: Columbus Business: Automotive products 1992 revenue: $1890.2 million 1992 net income: $6.4 million Joined company: 1955 Age: 61 Education: A.B. 1953, DePauw University; M.B.A. 1958, Harvard University

10 LEO J. MCKERNAN Chairman, president & CEO Clark Equipment Co.

PAY: $687,312 Long-term compensation: $60,003 Headquarters: South Bend Business: Material-handling equipment and components 1992 revenue: $802.7 million 1992 net income: $66 million Joined company: 1964 Age: 55 Education: Attended lona College in New York; New York University; University of Bridgeport in Connecticut

11 WILLIAM E. BINDLEY Chairman, President & CEO Bindley Western Industries Headquarters: Indianapolis Business: Pharmaceutical distribution PAY: $683,592

12 L. BEN LYTLE Chairman, president & CEO Acordia Headquarters: Indianapolis Business: Insurance agencies PAY: $652,812

13 JOHN R. HODOWAL Chairman, president & CEO IPALCO Enterprises Headquarters: Indianapolis Business: Electric utility Long-term compensation: $48,800 Stock options exercised: $667,800 PAY: $620,424

14 EDMUND A. SCHROER Chairman & CEO NIPSCO Industries Headquarters: Hammond Business: Electric and gas utility Stock options exercised: $279,575 PAY: $567,622

15 JAMES J. LOHMAN Chairman & CEO Excel Industries Headquarters: Elkhart Business: Automotive products PAY: $513,215

16 GERALD PAUL Chairman & CEO Paul Harris Stores Headquarters: Indianapolis Business: Clothing retailer PAY: $491,468

17 WILLIAM I. MILLER Chairman Irwin Financial Corp. Headquarters: Columbus Business: Financial-services holding company PAY: $476,614

18 WILLIAM H. LAWSON Chairman, president & CEO Franklin Electric Co. Headquarters: Bluffton Business: Electric motors PAY: $455,586

19 DOUGLAS W. HUEMME Chairman, president & CEO Lilly Industries Headquarters: Indianapolis Business: Industrial product finishes PAY: $441,305

20 FRANK E. RUSSELL President & CEO Central Newspapers Headquarters: Indianapolis Business: Newspapers PAY: $431,535

21 JOHN C. ALDIN Chairman & CEO Baldwin & Lyons Headquarters: Indianapolis Business: Insurance holding company Long-term compensation: $300,000 PAY: $415,821

22 THOMAS H. CORSON Chairman & CEO Coachmen Industries Headquarters: Elkhart Business: Recreational vehicles Long-term compensation: $22,953 PAY: $414,000

23 DAN W. MITCHELL Chairman & CEO Old National Bancorp Headquarters: Evansville Business: Bank holding company Long-term compensation: $108,139 PAY: $413,021

24 CHRISTOPHER J. MURPHY III President & CEO 1st Source Corp. Headquarters: South Bend Business: Bank holding company Long-term compensation: $92,486 PAY: $412,022

25 LAWRENCE A. FERGER President & CEO Indiana Energy Headquarters: Indianapolis Business: Gas utility Long-term compensation: $308,950 PAY: $404,073

26 ARTHUR J. DECIO Chairman & CEO Skyline Corp. Headquarters: Elkhart Business: Manufactured housing, recreational vehicles PAY: $401,000

27 DON E. MARSH Chairman, president & CEO Marsh Supermarkets Headquarters: Indianapolis Business: Retail grocer PAY: $400,000

28 ROBERT H. MCKINNEY Chairman & CEO First Indiana Corp. Headquarters: Indianapolis Business: Savings institution holding company PAY: $393,098

29 JAMES E. ROGERS Chairman, president & CEO PSI Resources Headquarters: Plainfield Business: Electric utility PAY: $385,008

30 MICHAEL L. SMITH Chairman, president & CEO Mayflower Group Headquarters: Carmel Business: Trucking and household-goods transportation PAY: $384,347

31 MICHAEL E. THOMAS President & CEO Chromcraft Revington Headquarters: Delphi Business: Wood household furniture PAY: $380,231

32 JACKSON R. LEHMAN Chairman & CEO Fort Wayne National Corp. Headquarters: Fort Wayne Business: Bank holding company Stock options exercised: $57,375 PAY: $368,160

33 DOUGLAS A. HABIG President & CEO Kimball International Headquarters: Jasper Business: Business and home furniture, pianos, electronics PAY: $347,314

34 JAMES T. MORRIS Chairman IWC Resources Corp. Headquarters: Indianapolis Business: Water utility Long-term compensation: $69,955 PAY: $346,940

35 DONALD J. EHRLICH President & CEO Wabash National Corp. Headquarters: Lafayette Business: Semi-trailers PAY: $330,338

36 DANE A. MILLER President & CEO Biomet Headquarters: Warsaw Business: Orthopedic products PAY: $315,473

37 LARRY D. RENBARGER President & CEO Shelter Components Corp. Headquarters: Elkhart Business: Recreational-vehicle and manufactured-housing supplier PAY: $311,767

38 DONALD E. SMITH President, director & CEO First Financial Corp. of Indiana Headquarters: Terre Haute Business: Bank holding company PAY: $305,080

39 H. LEE COOPER Chairman & CEO CNB Bancshares Headquarters: Evansville Business: Bank holding company PAY: $296,743

40 JOSEPH P. WALKER Chairman, president & CEO CTS Corp. Headquarters: Elkhart Business: Custom electronic components Long-term compensation: $46,250 PAY: $294,176

41 ROBERT E. GRIFFIN President, director & CEO Escalade Headquarters: Evansville Business: Sporting goods and office products PAY: $292,206

42 RONALD G. REHERMAN Chairman, president & CEO Southern Indiana Gas & Electric Co. Headquarters: Evansville Business: Gas and electric utility PAY: $287,375

43 RONALD D. HUNTER Chairman, president & CEO Standard Management Corp. Headquarters: Indianapolis Business: Insurance holding company PAY: $284,833

44 WALTER E. WELLS President & CEO Schult Homes Corp. Headquarters: Middlebury Business: Manufactured housing PAY: $277,722

45 NORMA J. OMAN Meridian Insurance Group Headquarters: Indianapolis Business: Insurance holding company Long-term compensation: $110,455 PAY: $271,163

46 PAUL A. SAXTON Chairman, president & CEO General Housewares Corp. Headquarters: Terre Haute Business: Cookware and cutlery PAY: $255,446

47 JAMES R. SCHRECONGOST President & CEO ANB Corp. Headquarters: Muncie Business: Bank holding company PAY: $232,310

48 BRIAN D. MCLAUGHLIN President & CEO Hurco Companies Headquarters: Indianapolis Business: Computer numerically controlled machine-tool equipment PAY: $220,116

49 JOHN D. LIPPERT Chairman, president & CEO National City Bancshares Headquarters: Evansville Business: Bank holding company PAY: $217,299

50 WILLIAM A. THOMAS Chairman, president & CEO Lincoln Foodservice Products Headquarters: Fort Wayne Business: Food-service equipment and supplies PAY: $217,264

SOURCE: Figures taken from company proxy statements. "Pay" includes salary, bonuses, annual compensation and other compensation. "Long-term" compensation includes restricted stock awards and other long-term incentive plans.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:Indiana Business Magazine
Date:Jul 1, 1993
Words:1311
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