One Tower Lane, Oakbrook Terrace 60181; 708-571-7700
COMPANY
Founded: 1931
Year-end: June 30
Employees: 2,100; 600 in Illinois
Foreign sales: 8 percent of $211.4 million
Stock 365-day close
High: $38.625
Low: $23.50
April 28: $38.25
April 1, 1995 value of $1,000 in company stock
Purchased 1994: $1,321.59
Purchased 1990: N.A.
CHIEF EXECUTIVE
Dennis J. Keller, 53, since 1987
Cash compensation: $653,851, up 28 percent
Options granted: $32,146, up 186 percent
Options, stock appreciation rights exercized: None
Shares owned: 1,234,986 of 8.3 million
Tough times in the job market are not so bad for DeVry, one of the largest private for-profit providers of post-secondary education. Cutbacks in Corporate America and the military are likely to propel even more students toward new or additional career training and the classrooms of DeVry.
In the last year, the company has added two DeVry Institute campuses for a total of 13, and two more locations of its Keller Graduate School of Management for a total of 17.
With U.S. companies placing greater emphasis on employee training, the firm hopes to gain further. But there is a downside from the overall improvement in the economy: Some potential students may be putting off their plans for advanced training.
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The Tribune’s business reporting staff profiles the Chicago area’s Top 100 companies, based on market capitalization as of April 28, 1995.
The information in the profiles was obtained from the following sources:
– Company reports, including annual reports, public stock offering prospectuses and proxy statements.
– Interviews with company officials.
– Reports by securities analysts.
– News reports.
– Dow Jones News/Retrieval, an on-line service of Dow Jones & Co., New York.
– Bloomberg Business News, New York.
– TMS Stocks, a subsidiary of Tribune Media Services Inc., a unit of Tribune Co., Chicago.
– Morningstar Inc., Chicago.
– “First Chicago Guide,” published by Scholl Communications, Deerfield.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
Each profile includes the 365-day high, low and April 28, 1995, closing stock price for the company. Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago also are shown. The date on which those calculations are based is April 1. The results assume reinvestment of dividends on a quarterly basis.
Each profile includes the chief executive’s cash compensation, including bonus and other compensation paid in 1994, along with the change from the prior year. The figure for the CEO’s stock holdings includes shares the CEO had the right to acquire within 60 days of the proxy statement’s issuance.
