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The following table lists the chief executives, in 2004, of the 100 largest publicly held companies in Illinois and northwest Indiana by market capitalization.

The CEOs are ranked by total fiscal year 2004 compensation, which includes salary, bonus, other cash compensation, stock grants and the estimated value of stock options granted.

TOTAL CASH

Amount earned during the most recent year. Represents salary, bonus and other items, such as moving expenses, cost of perquisites and benefits, company contributions to retirement programs, etc.

+

LONG-TERM INCENTIVES

Includes value of stock options and restricted shares, plus payments under other long-term incentive programs. Companies can report the value of options based on assumed annual rates of appreciation for the option term, or based on present value, using the Black-Scholes method. The table below uses an assumed 5 percent annual rate of appreciation.

The Black-Scholes data are shown for comparison. Option values include replacement options.

= TOTAL COMPENSATION

Includes cash and long-term incentives. Total is based on 5 percent options value model.

COMPANY PERFORMANCE

Earnings per share are fully diluted and nclude extraordinary items. Stock return s based on company’s latest fiscal year total return and includes dividends.

Rank, executive, company, total cash + long-term incentives = total compensation, company performance

How to use the CEO pay chart

EXAMPLE:

Henry T. Executive, of XYZ Corp., earned a salary, bonus and other benefits of $3,400,000. This is shown as total cash here.

The percent change in Mr. Executive’s total cash from 2003 is shown here.

In addition, Mr. Executive was granted long-term incentives–mostly stock options. It’s unclear what a stock option will be worth until it is exercised. (Some end up being worthless.) There are two common methods that companies use to value options. One model assumes that options will appreciate 5 percent a year over their life, often 10 years. That method, shown here, is more commonly used by companies.

A more conservative estimate that tries to put a present value on options using the Black-Scholes method is shown here.

Total compensation, shown here, reflects total cash plus long-term incentives, with options valued at the 5 percent model

Percent change in total compensation from 2003 is shown here.

Note: Data deemed not meaningful (N/M) indicates the person was not CEO for all of 2003-04, making a full year-to-year comparison impossible. Also, for companies with negative earnings per share in 2003 or 2004, the change cannot be expressed as a percentage.

Sources: Aon Consulting’s eComp Data Services, Media General Financial Services, Capital IQ, company filings

RANK, EXECUTIVE, COMPANY

1. Edward J. Zander, Motorola

TOTAL CASH IN 2004: $6,506,391

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $32,344,983

BLACK-SCHOLES: $27,816,413

TOTAL COMPENSATION IN 2004: $38,851,374

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +35.27%

ONE-YEAR GROWTH, EPS: +68.42%

ANNUAL STOCK RETURN: +38.81%

2. W. James Farrell, Illinois Tool Works

TOTAL CASH IN 2004: $3,589,749

CHANGE: +8.3%

LONG-TERM INCENTIVES IN 2004 (5%): $32,209,996

BLACK-SCHOLES: $22,556,796

TOTAL COMPENSATION IN 2004: $35,799,745

CHANGE: +184.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +16.90%

ONE-YEAR GROWTH, EPS: +32.23%

ANNUAL STOCK RETURN: +11.73%

3. Mark A. Angelson, R.R. Donnelley & Sons

TOTAL CASH IN 2004: $4,123,225

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $29,649,492

BLACK-SCHOLES: $17,955,154

TOTAL COMPENSATION IN 2004: $33,772,717

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +71.10%

ONE-YEAR GROWTH, EPS: -42.86%

ANNUAL STOCK RETURN: +20.93%

4. George W. Buckley, Brunswick

TOTAL CASH IN 2004: $4,688,956

CHANGE: +33.8%

LONG-TERM INCENTIVES IN 2004 (5%): $14,818,242

BLACK-SCHOLES: $14,441,941

TOTAL COMPENSATION IN 2004: $19,507,198

CHANGE: +167.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +26.66%

ONE-YEAR GROWTH, EPS: +88.44%

ANNUAL STOCK RETURN: +57.42%

5. Miles D. White, Abbott Laboratories

TOTAL CASH IN 2004: $4,417,255

CHANGE: +27.0%

LONG-TERM INCENTIVES IN 2004 (5%): $12,834,706

BLACK-SCHOLES: $6,792,402

TOTAL COMPENSATION IN 2004: $17,251,961

CHANGE: -2.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +13.89%

ONE-YEAR GROWTH, EPS: +17.71%

ANNUAL STOCK RETURN: +9.65%

6. Edward M. Liddy, Allstate

TOTAL CASH IN 2004: $4,914,770

CHANGE: -2.4%

LONG-TERM INCENTIVES IN 2004 (5%): $12,025,287

BLACK-SCHOLES: $8,443,652

TOTAL COMPENSATION IN 2004: $16,940,057

CHANGE: -3.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +5.56%

ONE-YEAR GROWTH, EPS: +18.54%

ANNUAL STOCK RETURN: +23.13%

7. Norman H. Wesley, Fortune Brands

TOTAL CASH IN 2004: $3,322,342

CHANGE: +18.8%

LONG-TERM INCENTIVES IN 2004 (5%): $13,542,325

BLACK-SCHOLES: $11,307,419

TOTAL COMPENSATION IN 2004: $16,864,667

CHANGE: +24.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +17.80%

ONE-YEAR GROWTH, EPS: +35.49%

ANNUAL STOCK RETURN: +9.80%

8. John W. Rowe, Exelon

TOTAL CASH IN 2004: $5,427,209

CHANGE: +74.0%

LONG-TERM INCENTIVES IN 2004 (5%): $11,332,293

BLACK-SCHOLES: $5,374,601

TOTAL COMPENSATION IN 2004: $16,759,502

CHANGE: +48.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: -8.20%

ONE-YEAR GROWTH, EPS: +101.45%

ANNUAL STOCK RETURN: +37.44%

9. John P. Calamos Sr., Calamos Asset Management

TOTAL CASH IN 2004: $13,656,027

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $3,070,387

BLACK-SCHOLES: $4,121,219

TOTAL COMPENSATION IN 2004: $16,726,414

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +92.23%

ONE-YEAR GROWTH, EPS: +75.71%

ANNUAL STOCK RETURN: N/A

10. Robert W. Lane, Deere & Co.

TOTAL CASH IN 2004: $3,092,122

CHANGE: +30.1%

LONG-TERM INCENTIVES IN 2004 (5%): $13,277,669

BLACK-SCHOLES: $10,484,695

TOTAL COMPENSATION IN 2004: $16,369,791

CHANGE: +47.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +28.65%

ONE-YEAR GROWTH, EPS: +110.61%

ANNUAL STOCK RETURN: +0.18%

11. James W. Owens, Caterpillar

TOTAL CASH IN 2004: $2,751,172

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $12,546,436

BLACK-SCHOLES: $8,113,184

TOTAL COMPENSATION IN 2004: $15,297,608

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +32.90%

ONE-YEAR GROWTH, EPS: +83.71%

ANNUAL STOCK RETURN: +19.84%

12. Judson C. Green, Navteq

TOTAL CASH IN 2004: $1,623,708

CHANGE: +19.7%

LONG-TERM INCENTIVES IN 2004 (5%): $13,612,939

BLACK-SCHOLES: $13,612,939

TOTAL COMPENSATION IN 2004: $15,236,647

CHANGE: +1023.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +44.10%

ONE-YEAR GROWTH, EPS: -78.07%

ANNUAL STOCK RETURN: N/A

13. Robert L. Parkinson Jr., Baxter International

TOTAL CASH IN 2004: $1,685,803

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $12,966,549

BLACK-SCHOLES: $10,064,796

TOTAL COMPENSATION IN 2004: $14,652,352

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +6.79%

ONE-YEAR GROWTH, EPS: -55.94%

ANNUAL STOCK RETURN: +15.08%

14. William A. Osborn, Northern Trust

TOTAL CASH IN 2004: $3,075,641

CHANGE: +201.7%

LONG-TERM INCENTIVES IN 2004 (5%): $11,483,130

BLACK-SCHOLES: $8,233,394

TOTAL COMPENSATION IN 2004: $14,558,771

CHANGE: +113.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.89%

ONE-YEAR GROWTH, EPS: +26.11%

ANNUAL STOCK RETURN: +6.82%

15. David Zucker, Midway Games

TOTAL CASH IN 2004: $609,096

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $13,436,265

BLACK-SCHOLES: $7,624,657

TOTAL COMPENSATION IN 2004: $14,045,361

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +74.65%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +170.62%

16. C. Steven McMillan, Sara Lee

TOTAL CASH IN 2004: $4,395,848

CHANGE: -16.6%

LONG-TERM INCENTIVES IN 2004 (5%): $9,565,842

BLACK-SCHOLES: $7,229,275

TOTAL COMPENSATION IN 2004: $13,961,690

CHANGE: -1.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +6.97%

ONE-YEAR GROWTH, EPS: +6.00%

ANNUAL STOCK RETURN: +26.66%

17. Richard C. Vie, Unitrin

TOTAL CASH IN 2004: $1,556,150

CHANGE: +0.5%

LONG-TERM INCENTIVES IN 2004 (5%): $12,250,295

BLACK-SCHOLES: $5,260,145

TOTAL COMPENSATION IN 2004: $13,806,445

CHANGE: +36.7%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +3.30%

ONE-YEAR GROWTH, EPS: +90.16%

ANNUAL STOCK RETURN: +14.05%

18. Gary L. Neale, NiSource

TOTAL CASH IN 2004: $1,344,784

CHANGE: -7.8%

LONG-TERM INCENTIVES IN 2004 (5%): $12,150,066

BLACK-SCHOLES: $8,930,585

TOTAL COMPENSATION IN 2004: $13,494,850

CHANGE: +26.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +6.72%

ONE-YEAR GROWTH, EPS: +396.97%

ANNUAL STOCK RETURN: +8.49%

19. Roger K. Deromedi, Kraft Foods

TOTAL CASH IN 2004: $3,400,640

CHANGE: +74.2%

LONG-TERM INCENTIVES IN 2004 (5%): $8,653,567

BLACK-SCHOLES: $8,267,004

TOTAL COMPENSATION IN 2004: $12,054,207

CHANGE: +43.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +5.47%

ONE-YEAR GROWTH, EPS: -22.89%

ANNUAL STOCK RETURN: +13.14%

20. James A. Skinner, McDonald’s

TOTAL CASH IN 2004: $3,286,565

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $8,196,899

BLACK-SCHOLES: $5,176,428

TOTAL COMPENSATION IN 2004: $11,483,464

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +11.23%

ONE-YEAR GROWTH, EPS: +55.65%

ANNUAL STOCK RETURN: +31.43%

21. Dennis J. FitzSimons, Tribune

TOTAL CASH IN 2004: $1,339,918

CHANGE: -39.4%

LONG-TERM INCENTIVES IN 2004 (5%): $9,984,946

BLACK-SCHOLES: $5,043,242

TOTAL COMPENSATION IN 2004: $11,324,864

CHANGE: -20.9%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +2.35%

ONE-YEAR GROWTH, EPS: -36.01%

ANNUAL STOCK RETURN: -17.47%

22. Timothy R. Schwertfeger, Nuveen Investments

TOTAL CASH IN 2004: $6,301,392

CHANGE: +17.3%

LONG-TERM INCENTIVES IN 2004 (5%): $5,014,345

BLACK-SCHOLES: $3,167,774

TOTAL COMPENSATION IN 2004: $11,315,737

CHANGE: -5.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +11.86%

ONE-YEAR GROWTH, EPS: +15.60%

ANNUAL STOCK RETURN: +51.57%

23. Bruce W. Duncan, Equity Residential

TOTAL CASH IN 2004: $1,554,000

CHANGE: +2.9%

LONG-TERM INCENTIVES IN 2004 (5%): $9,218,855

BLACK-SCHOLES: $3,931,210

TOTAL COMPENSATION IN 2004: $10,772,855

CHANGE: +81.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +10.75%

ONE-YEAR GROWTH, EPS: -4.52%

ANNUAL STOCK RETURN: +29.48%

24. Alan J. Lacy, Sears, Roebuck

TOTAL CASH IN 2004: $1,837,454

CHANGE: -9.7%

LONG-TERM INCENTIVES IN 2004 (5%): $8,218,643

BLACK-SCHOLES: $5,572,978

TOTAL COMPENSATION IN 2004: $10,056,097

CHANGE: +59.9%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: -12.22%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +14.60%

25. Christopher B. Begley, Hospira

TOTAL CASH IN 2004: $1,655,440

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $8,332,854

BLACK-SCHOLES: $5,135,000

TOTAL COMPENSATION IN 2004: $9,988,294

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +0.81%

ONE-YEAR GROWTH, EPS: +14.97%

ANNUAL STOCK RETURN: N/A

26. William P. Noglows, Cabot Microelectronics

TOTAL CASH IN 2004: $1,183,579

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $8,705,474

BLACK-SCHOLES: $10,893,761

TOTAL COMPENSATION IN 2004: $9,889,053

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +22.95%

ONE-YEAR GROWTH, EPS: +22.88%

ANNUAL STOCK RETURN: -34.84%

27. Jonathan P. Ward, ServiceMaster

TOTAL CASH IN 2004: $2,669,757

CHANGE: +178.1%

LONG-TERM INCENTIVES IN 2004 (5%): $6,427,776

BLACK-SCHOLES: $5,604,539

TOTAL COMPENSATION IN 2004: $9,097,533

CHANGE: +242.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +5.32%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +22.70%

28. Richard D. Kincaid, Equity Office Properties Trust

TOTAL CASH IN 2004: $1,487,178

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $7,442,075

BLACK-SCHOLES: $2,676,656

TOTAL COMPENSATION IN 2004: $8,929,253

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +1.87%

ONE-YEAR GROWTH, EPS: -84.00%

ANNUAL STOCK RETURN: +9.07%

29. William Wrigley Jr., Wm. Wrigley Jr. Co.

TOTAL CASH IN 2004: $1,425,979

CHANGE: -52.6%

LONG-TERM INCENTIVES IN 2004 (5%): $7,441,836

BLACK-SCHOLES: $3,902,525

TOTAL COMPENSATION IN 2004: $8,867,815

CHANGE: -17.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +18.88%

ONE-YEAR GROWTH, EPS: +10.61%

ANNUAL STOCK RETURN: +24.97%

30. John S. Gates Jr., Centerpoint Properties Trust

TOTAL CASH IN 2004: $1,292,704

CHANGE: +20.9%

LONG-TERM INCENTIVES IN 2004 (5%): $7,025,958

BLACK-SCHOLES: $1,042,210

TOTAL COMPENSATION IN 2004: $8,318,662

CHANGE: +69.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +13.68%

ONE-YEAR GROWTH, EPS: +16.46%

ANNUAL STOCK RETURN: +32.96%

31. G. Allen Andreas, Archer Daniels Midland

TOTAL CASH IN 2004: $3,031,325

CHANGE: +2.4%

LONG-TERM INCENTIVES IN 2004 (5%): $5,180,364

BLACK-SCHOLES: $4,134,146

TOTAL COMPENSATION IN 2004: $8,211,689

CHANGE: +11.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +17.73%

ONE-YEAR GROWTH, EPS: +8.57%

ANNUAL STOCK RETURN: +32.66%

32. Howard B. Bernick, Alberto-Culver

TOTAL CASH IN 2004: $4,264,692

CHANGE: +19.8%

LONG-TERM INCENTIVES IN 2004 (5%): $3,688,171

BLACK-SCHOLES: $2,677,033

TOTAL COMPENSATION IN 2004: $7,952,863

CHANGE: -25.9%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +12.68%

ONE-YEAR GROWTH, EPS: -14.44%

ANNUAL STOCK RETURN: +11.81%

33. J. Joseph King, Molex

TOTAL CASH IN 2004: $1,140,700

CHANGE: +75.8%

LONG-TERM INCENTIVES IN 2004 (5%): $6,596,890

BLACK-SCHOLES: $4,069,631

TOTAL COMPENSATION IN 2004: $7,737,590

CHANGE: +44.7%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +21.90%

ONE-YEAR GROWTH, EPS: +109.09%

ANNUAL STOCK RETURN: +19.28%

34. John M. Larson, Career Education

TOTAL CASH IN 2004: $1,813,239

CHANGE: +18.9%

LONG-TERM INCENTIVES IN 2004 (5%): $5,901,547

BLACK-SCHOLES: $5,594,286

TOTAL COMPENSATION IN 2004: $7,714,786

CHANGE: +79.7%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +46.74%

ONE-YEAR GROWTH, EPS: +52.68%

ANNUAL STOCK RETURN: -0.62%

35. Richard L. Keyser, W.W. Grainger

TOTAL CASH IN 2004: $3,169,354

CHANGE: +73.0%

LONG-TERM INCENTIVES IN 2004 (5%): $4,219,697

BLACK-SCHOLES: $3,151,036

TOTAL COMPENSATION IN 2004: $7,389,051

CHANGE: +8.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.20%

ONE-YEAR GROWTH, EPS: +27.24%

ANNUAL STOCK RETURN: +42.64%

36. John A. Edwardson, CDW

TOTAL CASH IN 2004: $2,018,300

CHANGE: +18.6%

LONG-TERM INCENTIVES IN 2004 (5%): $5,345,604

BLACK-SCHOLES: $5,539,378

TOTAL COMPENSATION IN 2004: $7,363,904

CHANGE: +25.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +23.01%

ONE-YEAR GROWTH, EPS: +37.44%

ANNUAL STOCK RETURN: +15.52%

37. James W.P. Reid-Anderson, Dade Behring Holdings

TOTAL CASH IN 2004: $3,072,969

CHANGE: -39.0%

LONG-TERM INCENTIVES IN 2004 (5%): $4,205,041

BLACK-SCHOLES: $2,521,488

TOTAL COMPENSATION IN 2004: $7,278,010

CHANGE: -10.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.59%

ONE-YEAR GROWTH, EPS: +53.04%

ANNUAL STOCK RETURN: +56.69%

38. Gerald D. Putnam, Archipelago Holdings

TOTAL CASH IN 2004: $3,026,092

CHANGE: +26.1%

LONG-TERM INCENTIVES IN 2004 (5%): $3,690,215

BLACK-SCHOLES: $3,629,269

TOTAL COMPENSATION IN 2004: $6,716,307

CHANGE: +57.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +18.09%

ONE-YEAR GROWTH, EPS: +2660.00%

ANNUAL STOCK RETURN: N/A

39. Daniel C. Ustian, Navistar International

TOTAL CASH IN 2004: $2,945,204

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $3,689,947

BLACK-SCHOLES: $3,671,880

TOTAL COMPENSATION IN 2004: $6,635,151

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +28.20%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: -14.54%

40. Patrick G. Ryan, Aon

TOTAL CASH IN 2004: $1,467,884

CHANGE: -42.3%

LONG-TERM INCENTIVES IN 2004 (5%): $5,124,233

BLACK-SCHOLES: $3,005,732

TOTAL COMPENSATION IN 2004: $6,592,117

CHANGE: -30.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +4.67%

ONE-YEAR GROWTH, EPS: -14.21%

ANNUAL STOCK RETURN: +2.13%

41. David W. Bernauer, Walgreen

TOTAL CASH IN 2004: $2,544,177

CHANGE: +24.8%

LONG-TERM INCENTIVES IN 2004 (5%): $4,032,070

BLACK-SCHOLES: $2,979,144

TOTAL COMPENSATION IN 2004: $6,576,247

CHANGE: -37.7%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +15.39%

ONE-YEAR GROWTH, EPS: +15.93%

ANNUAL STOCK RETURN: +12.48%

42. Joseph H. Netherland, FMC Technologies

TOTAL CASH IN 2004: $2,431,674

CHANGE: +30.0%

LONG-TERM INCENTIVES IN 2004 (5%): $3,699,687

BLACK-SCHOLES: $3,566,913

TOTAL COMPENSATION IN 2004: $6,131,361

CHANGE: +8.7%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +19.97%

ONE-YEAR GROWTH, EPS: +63.11%

ANNUAL STOCK RETURN: +38.20%

43. A. C. Zucaro, Old Republic International

TOTAL CASH IN 2004: $1,882,320

CHANGE: +9.9%

LONG-TERM INCENTIVES IN 2004 (5%): $4,222,024

BLACK-SCHOLES: $2,007,954

TOTAL COMPENSATION IN 2004: $6,104,344

CHANGE: +25.8%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +6.27%

ONE-YEAR GROWTH, EPS: -5.98%

ANNUAL STOCK RETURN: +1.82%

44. Norman E. Johnson, Clarcor

TOTAL CASH IN 2004: $1,700,015

CHANGE: -0.9%

LONG-TERM INCENTIVES IN 2004 (5%): $3,888,651

BLACK-SCHOLES: $3,027,476

TOTAL COMPENSATION IN 2004: $5,588,666

CHANGE: +39.9%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +6.25%

ONE-YEAR GROWTH, EPS: +15.35%

ANNUAL STOCK RETURN: +21.28%

45. Richard L. Wambold, Pactiv

TOTAL CASH IN 2004: $1,439,705

CHANGE: -21.5%

LONG-TERM INCENTIVES IN 2004 (5%): $4,086,701

BLACK-SCHOLES: $3,460,247

TOTAL COMPENSATION IN 2004: $5,526,406

CHANGE: +4.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +7.78%

ONE-YEAR GROWTH, EPS: -11.40%

ANNUAL STOCK RETURN: +5.82%

46. Samuel C. Scott III, Corn Products International

TOTAL CASH IN 2004: $2,035,876

CHANGE: +31.1%

LONG-TERM INCENTIVES IN 2004 (5%): $3,329,095

BLACK-SCHOLES: $2,514,750

TOTAL COMPENSATION IN 2004: $5,364,971

CHANGE: +58.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.61%

ONE-YEAR GROWTH, EPS: +17.92%

ANNUAL STOCK RETURN: +57.16%

47. Harry C. Stonecipher, Boeing

TOTAL CASH IN 2004: $3,579,542

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $1,234,830

BLACK-SCHOLES: $1,234,830

TOTAL COMPENSATION IN 2004: $4,814,372

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +4.38%

ONE-YEAR GROWTH, EPS: +158.43%

ANNUAL STOCK RETURN: +24.81%

48. Ralph E. Faison, Andrew Corp.

TOTAL CASH IN 2004: $2,401,708

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $2,385,775

BLACK-SCHOLES: $2,528,147

TOTAL COMPENSATION IN 2004: $4,787,483

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +81.25%

ONE-YEAR GROWTH, EPS: +150.00%

ANNUAL STOCK RETURN: +1.33%

49. Dennis K. Williams, Idex

TOTAL CASH IN 2004: $2,218,674

CHANGE: +18.2%

LONG-TERM INCENTIVES IN 2004 (5%): $2,268,775

BLACK-SCHOLES: $1,278,030

TOTAL COMPENSATION IN 2004: $4,487,449

CHANGE: +20.2%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +16.34%

ONE-YEAR GROWTH, EPS: +34.40%

ANNUAL STOCK RETURN: +48.02%

50. Krish A. Prabhu, Tellabs

TOTAL CASH IN 2004: $882,744

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $3,566,890

BLACK-SCHOLES: $3,974,602

TOTAL COMPENSATION IN 2004: $4,449,634

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +25.64%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +2.14%

51. Patrick J. Moore, Smurfit-Stone Container

TOTAL CASH IN 2004: $2,185,875

CHANGE: +22.8%

LONG-TERM INCENTIVES IN 2004 (5%): $2,164,515

BLACK-SCHOLES: $2,062,428

TOTAL COMPENSATION IN 2004: $4,350,390

CHANGE: -0.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +7.37%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +0.59%

52. Stephen W. Lilienthal, CNA Financial

TOTAL CASH IN 2004: $3,245,671

CHANGE: +5.5%

LONG-TERM INCENTIVES IN 2004 (5%): $984,658

BLACK-SCHOLES: $767,953

TOTAL COMPENSATION IN 2004: $4,230,329

CHANGE: +7.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: -15.24%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +11.00%

53. Melvin J. Gordon, Tootsie Roll Industries

TOTAL CASH IN 2004: $4,226,223

CHANGE: -1.0%

LONG-TERM INCENTIVES IN 2004 (5%): $0

BLACK-SCHOLES: $0

TOTAL COMPENSATION IN 2004: $4,226,223

CHANGE: -1.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +6.99%

ONE-YEAR GROWTH, EPS: +0.82%

ANNUAL STOCK RETURN: -0.08%

54. John E. Rooney, U.S. Cellular

TOTAL CASH IN 2004: $1,447,382

CHANGE: +30.7%

LONG-TERM INCENTIVES IN 2004 (5%): $2,573,484

BLACK-SCHOLES: $2,217,557

TOTAL COMPENSATION IN 2004: $4,020,866

CHANGE: -3.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +9.87%

ONE-YEAR GROWTH, EPS: +157.14%

ANNUAL STOCK RETURN: +26.08%

55. Carl A. Siebel, AptarGroup

TOTAL CASH IN 2004: $1,747,000

CHANGE: +11.8%

LONG-TERM INCENTIVES IN 2004 (5%): $2,270,790

BLACK-SCHOLES: $1,624,592

TOTAL COMPENSATION IN 2004: $4,017,790

CHANGE: +22.7%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +16.32%

ONE-YEAR GROWTH, EPS: +16.20%

ANNUAL STOCK RETURN: +36.73%

56. Richard J. Glasier, Argosy Gaming

TOTAL CASH IN 2004: $2,287,940

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $1,581,025

BLACK-SCHOLES: $1,668,770

TOTAL COMPENSATION IN 2004: $3,868,965

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.48%

ONE-YEAR GROWTH, EPS: +17.61%

ANNUAL STOCK RETURN: +79.69%

57. Timothy Callahan, Trizec Properties

TOTAL CASH IN 2004: $2,606,400

CHANGE: +6.1%

LONG-TERM INCENTIVES IN 2004 (5%): $1,250,040

BLACK-SCHOLES: $1,250,040

TOTAL COMPENSATION IN 2004: $3,856,440

CHANGE: -37.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +0.08%

ONE-YEAR GROWTH, EPS: -52.27%

ANNUAL STOCK RETURN: +28.74%

58. William C. Foote, USG

TOTAL CASH IN 2004: $3,824,836

CHANGE: +40.8%

LONG-TERM INCENTIVES IN 2004 (5%): $0

BLACK-SCHOLES: $0

TOTAL COMPENSATION IN 2004: $3,824,836

CHANGE: +40.8%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +23.00%

ONE-YEAR GROWTH, EPS: +157.45%

ANNUAL STOCK RETURN: +143.03%

59. LeRoy T. Carlson Jr., Telephone & Data Systems

TOTAL CASH IN 2004: $1,019,190

CHANGE: -34.2%

LONG-TERM INCENTIVES IN 2004 (5%): $2,803,386

BLACK-SCHOLES: $1,950,529

TOTAL COMPENSATION IN 2004: $3,822,576

CHANGE: +2.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +7.99%

ONE-YEAR GROWTH, EPS: +6.33%

ANNUAL STOCK RETURN: +24.10%

60. Craig S. Donohue, Chicago Mercantile Exchange Holdings

TOTAL CASH IN 2004: $1,943,810

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $1,785,575

BLACK-SCHOLES: $1,273,509

TOTAL COMPENSATION IN 2004: $3,729,385

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +36.89%

ONE-YEAR GROWTH, EPS: +77.22%

ANNUAL STOCK RETURN: +218.35%

61. Richard W. Gochnauer, United Stationers

TOTAL CASH IN 2004: $1,234,151

CHANGE: -22.9%

LONG-TERM INCENTIVES IN 2004 (5%): $2,472,248

BLACK-SCHOLES: $2,309,899

TOTAL COMPENSATION IN 2004: $3,706,399

CHANGE: -7.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +3.73%

ONE-YEAR GROWTH, EPS: +21.56%

ANNUAL STOCK RETURN: +12.90%

62. Ronald H. Zech, GATX

TOTAL CASH IN 2004: $1,816,981

CHANGE: +33.5%

LONG-TERM INCENTIVES IN 2004 (5%): $1,814,721

BLACK-SCHOLES: $1,630,093

TOTAL COMPENSATION IN 2004: $3,631,702

CHANGE: +166.7%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +11.90%

ONE-YEAR GROWTH, EPS: +98.69%

ANNUAL STOCK RETURN: +8.92%

63. Paul T. Stecko, Packaging Corp. of America

TOTAL CASH IN 2004: $2,136,500

CHANGE: +5.2%

LONG-TERM INCENTIVES IN 2004 (5%): $1,468,500

BLACK-SCHOLES: $1,154,896

TOTAL COMPENSATION IN 2004: $3,605,000

CHANGE: +8.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.91%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +10.50%

64. Thomas L. Fisher, Nicor

TOTAL CASH IN 2004: $1,060,685

CHANGE: +7.1%

LONG-TERM INCENTIVES IN 2004 (5%): $2,232,503

BLACK-SCHOLES: $658,454

TOTAL COMPENSATION IN 2004: $3,293,188

CHANGE: +10.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +2.89%

ONE-YEAR GROWTH, EPS: -28.57%

ANNUAL STOCK RETURN: +14.29%

65. Louis G. Lower II, Horace Mann Educators

TOTAL CASH IN 2004: $1,145,375

CHANGE: +41.1%

LONG-TERM INCENTIVES IN 2004 (5%): $2,130,000

BLACK-SCHOLES: $2,130,000

TOTAL COMPENSATION IN 2004: $3,275,375

CHANGE: +303.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +2.88%

ONE-YEAR GROWTH, EPS: +184.09%

ANNUAL STOCK RETURN: +39.91%

66. J. Patrick Gallagher Jr., Arthur J. Gallagher & Co.

TOTAL CASH IN 2004: $1,318,800

CHANGE: -6.6%

LONG-TERM INCENTIVES IN 2004 (5%): $1,840,000

BLACK-SCHOLES: $1,135,238

TOTAL COMPENSATION IN 2004: $3,158,800

CHANGE: +17.2%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +17.13%

ONE-YEAR GROWTH, EPS: +26.75%

ANNUAL STOCK RETURN: +3.18%

67. Ross J. Centanni, Gardner Denver

TOTAL CASH IN 2004: $1,610,408

CHANGE: +26.7%

LONG-TERM INCENTIVES IN 2004 (5%): $1,419,453

BLACK-SCHOLES: $1,551,855

TOTAL COMPENSATION IN 2004: $3,029,861

CHANGE: +42.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +68.26%

ONE-YEAR GROWTH, EPS: +51.18%

ANNUAL STOCK RETURN: +52.03%

68. William H. Joyce, Nalco

TOTAL CASH IN 2004: $2,803,782

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $178,980

BLACK-SCHOLES: $178,980

TOTAL COMPENSATION IN 2004: $2,982,762

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +9.64%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: N/A

69. William M. Goodyear, Navigant Consulting

TOTAL CASH IN 2004: $1,284,269

CHANGE: +35.6%

LONG-TERM INCENTIVES IN 2004 (5%): $1,689,778

BLACK-SCHOLES: $1,689,778

TOTAL COMPENSATION IN 2004: $2,974,047

CHANGE: +107.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +51.71%

ONE-YEAR GROWTH, EPS: +100.00%

ANNUAL STOCK RETURN: +41.04%

70. Robert W. Grubbs, Anixter International

TOTAL CASH IN 2004: $1,690,949

CHANGE: +67.4%

LONG-TERM INCENTIVES IN 2004 (5%): $1,220,000

BLACK-SCHOLES: $1,220,000

TOTAL COMPENSATION IN 2004: $2,910,949

CHANGE: +46.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +24.76%

ONE-YEAR GROWTH, EPS: +77.88%

ANNUAL STOCK RETURN: +46.45%

71. Christopher C. Milliken, OfficeMax

TOTAL CASH IN 2004: $1,226,305

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $1,648,264

BLACK-SCHOLES: $1,648,264

TOTAL COMPENSATION IN 2004: $2,874,569

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +60.95%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: -2.81%

72. Mark C. Miller, Stericycle

TOTAL CASH IN 2004: $607,542

CHANGE: +15.0%

LONG-TERM INCENTIVES IN 2004 (5%): $2,194,063

BLACK-SCHOLES: $2,212,765

TOTAL COMPENSATION IN 2004: $2,801,605

CHANGE: +42.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +13.90%

ONE-YEAR GROWTH, EPS: +18.18%

ANNUAL STOCK RETURN: -1.61%

73. Jonathan E. Michael, RLI

TOTAL CASH IN 2004: $1,418,980

CHANGE: +60.9%

LONG-TERM INCENTIVES IN 2004 (5%): $1,323,697

BLACK-SCHOLES: $802,562

TOTAL COMPENSATION IN 2004: $2,742,677

CHANGE: +37.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +11.33%

ONE-YEAR GROWTH, EPS: +1.45%

ANNUAL STOCK RETURN: +12.45%

74. Robert D. Welding, Federal Signal

TOTAL CASH IN 2004: $1,117,097

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $1,541,491

BLACK-SCHOLES: $1,272,727

TOTAL COMPENSATION IN 2004: $2,658,588

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: -1.02%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +2.98%

75. Robert J. Glickman, Corus Bankshares

TOTAL CASH IN 2004: $1,000,000

CHANGE: 0.0%

LONG-TERM INCENTIVES IN 2004 (5%): $1,444,823

BLACK-SCHOLES: $605,716

TOTAL COMPENSATION IN 2004: $2,444,823

CHANGE: +18.9%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +30.44%

ONE-YEAR GROWTH, EPS: +66.67%

ANNUAL STOCK RETURN: +59.33%

76. Dale L. Gifford, Hewitt Associates

TOTAL CASH IN 2004: $1,528,109

CHANGE: +12.1%

LONG-TERM INCENTIVES IN 2004 (5%): $903,744

BLACK-SCHOLES: $741,700

TOTAL COMPENSATION IN 2004: $2,431,853

CHANGE: +7.6%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +11.37%

ONE-YEAR GROWTH, EPS: +28.87%

ANNUAL STOCK RETURN: +8.67%

77. Colin Dyer, Jones Lang LaSalle

TOTAL CASH IN 2004: $900,769

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $1,380,000

BLACK-SCHOLES: $1,380,000

TOTAL COMPENSATION IN 2004: $2,280,769

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +23.90%

ONE-YEAR GROWTH, EPS: +75.00%

ANNUAL STOCK RETURN: +80.46%

78. Thomas P. Heneghan, Equity Lifestyle Properties

TOTAL CASH IN 2004: $759,575

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $1,472,000

BLACK-SCHOLES: $1,472,000

TOTAL COMPENSATION IN 2004: $2,231,575

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +26.95%

ONE-YEAR GROWTH, EPS: -84.68%

ANNUAL STOCK RETURN: -2.09%

79. Michael W. Brennan, First Industrial Realty Trust

TOTAL CASH IN 2004: $1,322,252

CHANGE: +147.3%

LONG-TERM INCENTIVES IN 2004 (5%): $811,398

BLACK-SCHOLES: $811,398

TOTAL COMPENSATION IN 2004: $2,133,650

CHANGE: +38.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +3.87%

ONE-YEAR GROWTH, EPS: -10.74%

ANNUAL STOCK RETURN: +29.55%

80. Kenneth E. Edge, Amcore Financial

TOTAL CASH IN 2004: $965,545

CHANGE: +1.2%

LONG-TERM INCENTIVES IN 2004 (5%): $1,161,798

BLACK-SCHOLES: $1,120,163

TOTAL COMPENSATION IN 2004: $2,127,343

CHANGE: +36.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +2.22%

ONE-YEAR GROWTH, EPS: +4.62%

ANNUAL STOCK RETURN: +21.40%

81. John M. O’Meara, First Midwest Bancorp

TOTAL CASH IN 2004: $1,064,410

CHANGE: +11.4%

LONG-TERM INCENTIVES IN 2004 (5%): $1,056,789

BLACK-SCHOLES: $383,433

TOTAL COMPENSATION IN 2004: $2,121,199

CHANGE: +15.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.34%

ONE-YEAR GROWTH, EPS: +7.61%

ANNUAL STOCK RETURN: +14.80%

82. Howard B. Witt, Littelfuse

TOTAL CASH IN 2004: $1,841,644

CHANGE: +93.3%

LONG-TERM INCENTIVES IN 2004 (5%): $246,388

BLACK-SCHOLES: $463,385

TOTAL COMPENSATION IN 2004: $2,088,032

CHANGE: +5.2%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +47.39%

ONE-YEAR GROWTH, EPS: +127.14%

ANNUAL STOCK RETURN: +18.53%

83. Mitchell Feiger, MB Financial

TOTAL CASH IN 2004: $936,763

CHANGE: +4.1%

LONG-TERM INCENTIVES IN 2004 (5%): $1,142,058

BLACK-SCHOLES: $778,894

TOTAL COMPENSATION IN 2004: $2,078,821

CHANGE: -4.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +10.93%

ONE-YEAR GROWTH, EPS: +14.80%

ANNUAL STOCK RETURN: +17.35%

84. Allen H. Koranda, MAF Bancorp

TOTAL CASH IN 2004: $502,302

CHANGE: -26.4%

LONG-TERM INCENTIVES IN 2004 (5%): $1,553,917

BLACK-SCHOLES: $831,414

TOTAL COMPENSATION IN 2004: $2,056,219

CHANGE: +9.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +33.10%

ONE-YEAR GROWTH, EPS: -7.67%

ANNUAL STOCK RETURN: +9.05%

85. Ronald L. Taylor, DeVry

TOTAL CASH IN 2004: $1,186,981

CHANGE: +3.6%

LONG-TERM INCENTIVES IN 2004 (5%): $861,562

BLACK-SCHOLES: $828,268

TOTAL COMPENSATION IN 2004: $2,048,543

CHANGE: +20.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +15.50%

ONE-YEAR GROWTH, EPS: -5.75%

ANNUAL STOCK RETURN: +17.73%

86. Thomas J. Friel, Heidrick & Struggles International

TOTAL CASH IN 2004: $1,593,463

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $372,980

BLACK-SCHOLES: $751,040

TOTAL COMPENSATION IN 2004: $1,966,443

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +16.90%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +57.20%

87. Raymond J. Spencer, Kanbay International

TOTAL CASH IN 2004: $779,009

CHANGE: +19.4%

LONG-TERM INCENTIVES IN 2004 (5%): $1,075,138

BLACK-SCHOLES: $806,362

TOTAL COMPENSATION IN 2004: $1,854,147

CHANGE: +184.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +70.42%

ONE-YEAR GROWTH, EPS: +66.00%

ANNUAL STOCK RETURN: N/A

88. John A. Halbrook, Woodward Governor

TOTAL CASH IN 2004: $946,508

CHANGE: +46.3%

LONG-TERM INCENTIVES IN 2004 (5%): $817,412

BLACK-SCHOLES: $538,248

TOTAL COMPENSATION IN 2004: $1,763,920

CHANGE: +26.3%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +20.99%

ONE-YEAR GROWTH, EPS: +150.93%

ANNUAL STOCK RETURN: +58.12%

89. Brian R. Gamache, WMS Industries

TOTAL CASH IN 2004: $1,201,242

CHANGE: +51.0%

LONG-TERM INCENTIVES IN 2004 (5%): $536,983

BLACK-SCHOLES: $581,361

TOTAL COMPENSATION IN 2004: $1,738,225

CHANGE: +116.5%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +28.82%

ONE-YEAR GROWTH, EPS: N/M

ANNUAL STOCK RETURN: +91.15%

90. Ralph B. Mandell, PrivateBancorp

TOTAL CASH IN 2004: $1,179,249

CHANGE: +8.0%

LONG-TERM INCENTIVES IN 2004 (5%): $424,984

BLACK-SCHOLES: $391,084

TOTAL COMPENSATION IN 2004: $1,604,233

CHANGE: -2.0%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +29.28%

ONE-YEAR GROWTH, EPS: +22.64%

ANNUAL STOCK RETURN: +42.94%

91. Thomas M. Patrick, Peoples Energy

TOTAL CASH IN 2004: $802,658

CHANGE: -35.6%

LONG-TERM INCENTIVES IN 2004 (5%): $426,701

BLACK-SCHOLES: $426,701

TOTAL COMPENSATION IN 2004: $1,229,359

CHANGE: -65.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +5.70%

ONE-YEAR GROWTH, EPS: -24.04%

ANNUAL STOCK RETURN: +5.91%

92. Edward Kaplan, Zebra Technologies

TOTAL CASH IN 2004: $1,207,091

CHANGE: +28.4%

LONG-TERM INCENTIVES IN 2004 (5%): $0

BLACK-SCHOLES: $0

TOTAL COMPENSATION IN 2004: $1,207,091

CHANGE: +28.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +23.61%

ONE-YEAR GROWTH, EPS: +29.69%

ANNUAL STOCK RETURN: +27.20%

93. Curtis W. Stoelting, RC2

TOTAL CASH IN 2004: $451,288

CHANGE: -7.7%

LONG-TERM INCENTIVES IN 2004 (5%): $686,267

BLACK-SCHOLES: $992,836

TOTAL COMPENSATION IN 2004: $1,137,555

CHANGE: +45.2%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +22.67%

ONE-YEAR GROWTH, EPS: +18.87%

ANNUAL STOCK RETURN: +56.51%

94. Martin P. Hughes, Hub International

TOTAL CASH IN 2004: $1,065,115

CHANGE: +46.1%

LONG-TERM INCENTIVES IN 2004 (5%): $0

BLACK-SCHOLES: $0

TOTAL COMPENSATION IN 2004: $1,065,115

CHANGE: -16.8%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +26.01%

ONE-YEAR GROWTH, EPS: -29.83%

ANNUAL STOCK RETURN: +11.04%

95. Patrick Soon-Shiong, American Pharmaceutical Partners

TOTAL CASH IN 2004: $836,463

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $193,165

BLACK-SCHOLES: $389,705

TOTAL COMPENSATION IN 2004: $1,029,628

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +15.28%

ONE-YEAR GROWTH, EPS: -21.21%

ANNUAL STOCK RETURN: +11.34%

96. Edward J. Wehmer, Wintrust Financial

TOTAL CASH IN 2004: $637,577

CHANGE: -15.0%

LONG-TERM INCENTIVES IN 2004 (5%): $225,007

BLACK-SCHOLES: $225,007

TOTAL COMPENSATION IN 2004: $862,584

CHANGE: -61.4%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +28.31%

ONE-YEAR GROWTH, EPS: +18.18%

ANNUAL STOCK RETURN: +26.79%

97. Richard P. DiStasio, USF

TOTAL CASH IN 2004: $730,414

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $0

BLACK-SCHOLES: $0

TOTAL COMPENSATION IN 2004: $730,414

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +4.47%

ONE-YEAR GROWTH, EPS: -45.16%

ANNUAL STOCK RETURN: +12.16%

98. Gregory T. Mutz, AMLI Residential Properties Trust

TOTAL CASH IN 2004: $418,405

CHANGE: N/M

LONG-TERM INCENTIVES IN 2004 (5%): $0

BLACK-SCHOLES: $0

TOTAL COMPENSATION IN 2004: $418,405

CHANGE: N/M

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +8.19%

ONE-YEAR GROWTH, EPS: +112.24

ANNUAL STOCK RETURN: +27.26%

99. John Bucksbaum, General Growth Properties

TOTAL CASH IN 2004: $234,738

CHANGE: -0.1%

LONG-TERM INCENTIVES IN 2004 (5%): $0

BLACK-SCHOLES: $0

TOTAL COMPENSATION IN 2004: $234,738

CHANGE: -0.1%

COMPANY PERFORMANCE

ONE-YEAR GROWTH, REVENUE: +42.77%

ONE-YEAR GROWTH, EPS: -0.82%

ANNUAL STOCK RETURN: +35.86%

100. Gordon Paris, Hollinger International

TOTAL CASH IN 2004: N/A

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ANNUAL STOCK RETURN: +17.70%