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So even if the stock does not budge for three years, Mr. Dunlap will pocket $70 million.
''From this salary we know Al Dunlap is no risk taker,'' said Graef S. Crystal, an executive compensation critic. ''Secondly, he is careless with shareholder money, and so is his board.''
By contrast, George M. C. Fisher, chief executive of Eastman Kodak, said at a news conference this week that he would not get a bonus for 1997 because of his company's poor showing. In 1996, he earned about $2 million in salary and nearly that much more in bonus. Management should be penalized in bad years, he said.
Sunbeam, a small-appliance maker with $1 billion in revenues last year, said that it was extending Mr...
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