Plastics News' 1996 executive compensation survey ranks the top 200 officials from more than 75 publicly held, plastics-intensive U.S. and Canadian firms. The survey assessed the compensation described in proxy statements of companies regularly listed in the stock report published in Plastics News and Plastics News On the Web.
The companies included in the ranking derive at least 50 percent of corporate sales from plastics operations. Compounders and processors are included, but excluded were executives of suppliers, machinery and resin-producing firms.
Nordby International Inc. of Boulder, Colo., calculated the data from proxy statements.
Acquisitions kept several companies out of the ranking this year. Those companies included Cimco Inc. of Costa Mesa, Calif., Ropak Corp. of Fullerton, Calif., and Dolco Packaging Corp. of Sherman Oaks, Calif.
Next year, Bailey Corp. of Seabrook, N.H., and CFI Industries Inc. of Wheaton, Ill., will be among those companies that disappear because of acquisitions. Bailey approved an acquisition plan of Venture Holdings Trust, the parent company of automotive molder Venture Industries Corp. Ivex Packaging Corp. of Lincolnshire, Ill., purchased CFI.
Premark International Inc. of Deerfield, Ill., also makes its final appearance this year because the parent company of Orlando, Fla.-based Tupperware Inc. spun off the maker of containers and dinnerware.