HOW DOES IT PLAY WITH LOCAL BOSSES?

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, February 14, 1992                   TAG: 9202140112
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short
HOW DOES IT PLAY WITH LOCAL BOSSES?
Pulaski Furniture Corp.'s chief executive said Thursday he doubts the SEC's plan on executive compensation "makes any difference" to most companies.
B.C. Wampler, who heads the Pulaski-based company, said it certainly didn't matter to him, because "it's all public information anyway."
"I can't think of anyone in this part of the world that it even applies to," he said.
Wampler said bonuses at Pulaski are based on performance. "There were no bonuses when we didn't meet goals," he said. "There were no bonuses in 1991."
Wampler will discuss the state of business today at the company's annual meeting in Roanoke.
At Norfolk Southern Corp., corporate secretary Donald Middleton had a similar reaction.
"Most of the way we report it is fairly clear," he said. "We show cash compensation separately - and that includes any perks."
Middleton could not recall any instances of public criticism of executive pay during his company's shareholder meetings.
"Occasionally you get a complaint on a proxy card that comes in, [saying] `Officers' pay too high,' " he said. - Staff report

by Bhavesh Jinadra by CNB