1000 Milwaukee Ave., Glenview 60025; 708-391-7000
COMPANY
Founded: 1918
Year-end: Dec. 31
Employees: 20,200; 4,800 in Illinois
Foreign sales: 7 percent of $1.47 billion
Stock: 365 day close
High: $14.125
Low: $6.875
April 28: $7.50
April 1, 1995 value of $1,000 in company stock
Purchased 1994: $775.00
Purchased 1990: $696.62
CHIEF EXECUTIVE
Albin F. Moschner, 42, since 1995
Cash compensation: $293,267, up 19 percent
Options granted: $167,575, up 130 percent
Options, stock appreciation rights exercised: $107,500
Shares owned: 59,810 of 45.7 million
In April, Albin Moschner, who had been Zenith’s president and chief operating officer, took the reins as chief executive from retiring Jerry Pearlman, who continues as Zenith chairman until the end of this year. While the long-ailing company isn’t entirely healthy, it is in much better shape than it has been for years.
In 1994, Zenith lost $14 million. But that was $83 million less than it lost a year earlier. The company’s strategy for a prosperous future depends upon public acceptance of digital communication technologies that Zenith is helping to pioneer. These include high-definition television, digital video-disc players as well as information delivery and interactive entertainment over cable TV systems.
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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.
