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Abstract

I. Introduction ... A. Overview of the Rules ... B. Basic Intent/Goals of Rules ... C. Conditions Which Led to the Change ... 1. Increasing Use of Long-Term Compensation Arrangements ... 2. Institutional Investors and Shareholder Activism … 3. Negative Publicity ... D. Other Government Action in the Executive Pay Arena ... 1. Congressional Action ... 2. Other SEC Action

II. Tabular and Graphic Presentation of Compensation-Related Information ... A. Overview of New Presentation ... B. Tabular Disclosure Versus Narrative Description

III. Summary Compensation Table ... A . Generally ... B. Specific Elements ... 1. Salary and Bonus ... 2. Other Annual Compensation ... 3. Restricted Stock Awards ... 4. Option/SAR Grants ... 5. LTIP Payouts ... 6. All Other Compensation ... C. Other Criticisms/Potential Improvements ... 1. Bottom-Line Figure ... 2. Exclusion of Option/SAR Information ... 3. Disclosure Period

IV. Option/SAR Tables

V. Board Compensation Committee Report

VI. Performance Graph

VII. Conclusion

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