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USA RELEASES 1992 'SHAREHOLDER 1000' RATINGS; WAL-MART PLACES FIRST

USA RELEASES 1992 'SHAREHOLDER 1000' RATINGS; WAL-MART PLACES FIRST
 WASHINGTON, Feb. 25 /PRNewswire/ -- The United Shareholders Association (USA) today released the 1992 Shareholder 1000, its fourth annual ratings of American corporations based on their responsiveness to shareholders.
 For the third straight year, the top-rated company in the USA ratings is Wal-Mart Stores, the discount department store chain. Wal-Mart, with a 10-year average annual shareholder return of 46.8 percent, received 83 points out of a possible 100. Berkshire Hathaway, the Gap and NIKE also rank highly. Southeast Banking ranks last on the list, with Bally Manufacturing, Time Warner and Wang Laboratories also among the lowest scoring companies.
 USA President Ralph V. Whitworth said the Shareholder 1000 presents a report card on American corporate management by grading the corporations on four crucial shareholder-relevant criteria: economic performance, management's shareholder rights record, executive compensation and executive stock ownership. "By focusing on these factors, the Shareholder 1000 highlights management's accountability to the interests of shareholders," Whitworth said.
 USA's Shareholder 1000 differs from size-based corporate lists such as the Fortune 500 or BusinessWeek 1000. "By itself, a company's size is meaningless to the shareholders. Results are what count," said Whitworth. "The USA ratings focus on how well management performs for shareholders -- the owners of the corporation -- and its incentives to do so."
 The Shareholder 1000 ranks the corporations from 1 to 1,000 based on their cumulative scores in the four categories. The greatest weight is given to economic performance, which accounts for 50 percent of each company's total score. Management's shareholder rights record comprises 25 percent of the rating, executive compensation 15 percent, and stock ownership 10 percent.
 Professor Graef Crystal of the University of California at Berkeley, a nationally recognized management compensation expert, assisted USA in assembling the ratings. In November, USA published a study conducted by Crystal evaluating the pay packages of each of the 1,000 companies' chief executive officers. The companies' compensation ratings in the Shareholder 1000 are based on Crystal's study.
 With more than 64,000 members and 39 chapters nationwide, USA is a non-profit grassroots organization founded in 1986 to advocate enhanced shareholder rights and increased management accountability as key elements of a competitive American economy.
 -0- 2/25/92
 /NOTE: To obtain the Shareholder 1000, call or write USA./
 /CONTACT: Ralph Whitworth of the United Shareholders Association, 202-393-4600/ CO: United Shareholders Association ST: District of Columbia IN: SU:


TW-MH -- DC029 -- 2428 02/25/92 14:29 EST
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Publication:PR Newswire
Date:Feb 25, 1992
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