30 N. LaSalle St., Chicago 60602; 312-630-1900
COMPANY
Founded: 1969
Year-end: Dec. 31
Employees: 5,500; 480 in Illinois
Foreign sales: none of $730 million
Stock 365-day close:
High: $49.875
Low: $35.50
April 28: $37.25
April 1, 1995 value of $1,000 in company stock
Purchased 1994: $1,055.54
Purchased 1990: $1,162.49
CHIEF EXECUTIVE
LeRoy T. Carlson Jr., 48, since 1986
Cash compensation: $445,000, up 20 percent
Options granted in 1994: $1,409,660; none in 1993
Options, stock appreciation rights exercised in 1994: None
Shares owned: 64,912 of 50.1 million
TDS, which has prospered by acquiring small telephone companies and giving them modern technology and management, is taking giant steps into modern wireless communications by bidding aggressively for new airwaves licenses. Advanced digital phone and paging systems under the name PCS, for personal communications services, have occupied much of the company’s attention during the last year.
Newly acquired licenses will supplement the many cellular and paging markets already served by two other TDS subsidiaries, US Cellular Corp. and American Paging Inc. The firm-controlled by the family of Chairman LeRoy Carlson through a series of trusts-may spend as much as $500 million over the next five years developing these markets.
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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.
