High-paid executives

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1.
George Fisher, 56
Eastman Kodak Co.
Chairman and CEO

Total 1996 Compensation: $7,407,535
Total 1995 Compensation: $11,297,535
1996 Cash Compensation: $7,407,535
Value of Stock Options Realized: $0
Long-Term Incentive Plan Payouts: $1,495,463
All Other Compensation: $1,925,188
Price per Share of Common Stock (6/27/97 close): $78.50
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 193,945/$15,224,682.50
Percentage of Total Outstanding Shares Owned: 0.3
Number of Stock Options Held at Fiscal Year End(3): 810,824
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): $1.60/$310,312.00
1996 Revenue (000)/1996 Income (loss) (000): $16,244,000/$1,519,000

2.
Edmund Russo, 59
Paychex Inc.
Vice president, director of operations

Total 1996 Compensation: 4,214,770
Total 1995 Compensation: 235,860
1996 Cash Compensation: 260,081
Value of Stock Options Realized: 3,954,689
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 5,081
Price per Share of Common Stock (6/27/97 close): 37.25
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): NA/NA
Percentage of Total Outstanding Shares Owned: NA
Number of Stock Options Held at Fiscal Year End(3): 75,095(5)
Number of Shares Acquired on Exercise: 151,875(5)
1996 Dividend/Dividend Income (4): 0.15(5)/NA
1996 Revenue (000)/1996 Income (loss) (000): 325,300/52,300

3.
Thomas Clark, 58
Paychex Inc.
Senior vice president of finance, secretary and treasurer

Total 1996 Compensation: 3,383,362
Total 1995 Compensation: 405,072
1996 Cash Compensation: 292,824
Value of Stock Options Realized: 3,090,538
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 5,199
Price per Share of Common Stock (6/27/97 close): 37.25
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 426,423(5)/1,588,426.75
Percentage of Total Outstanding Shares Owned: 0.4
Number of Stock Options Held at Fiscal Year End(3): 175,185(5)
Number of Shares Acquired on Exercise: 151,875(5)
1996 Dividend/Dividend Income (4): 0.15(5)/63,963.45
1996 Revenue (000)/1996 Income (loss) (000): 325,300/52,300

4.
Arunas Chesonis, 34
ACC Corp.
President

Total 1996 Compensation: 2,114,399
Total 1995 Compensation: 289,412
1996 Cash Compensation: 376,379
Value of Stock Options Realized: 1,738,020
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 6,687
Price per Share of Common Stock (6/27/97 close): 30.75
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 69,912/2,149,794.00
Percentage of Total Outstanding Shares Owned: 1.1
Number of Stock Options Held at Fiscal Year End(3): 94,088
Number of Shares Acquired on Exercise: 57,000
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 308,767/7,765

5.
Daniel Carp, 48
Eastman Kodak Co.
Executive vice president and assistant chief operating officer

Total 1996 Compensation: 1,980,278
Total 1995 Compensation: NA
1996 Cash Compensation: 1,536,646
Value of Stock Options Realized: 443,632
Long-Term Incentive Plan Payouts: 365,558
All Other Compensation: 0
Price per Share of Common Stock (6/27/97 close): 78.5
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 19,438/1,525,883.00
Percentage of Total Outstanding Shares Owned: 0.03
Number of Stock Options Held at Fiscal Year End(3): 71,367
Number of Shares Acquired on Exercise: 10,018
1996 Dividend/Dividend Income (4): 1.6/31,100.80
1996 Revenue (000)/1996 Income (loss) (000): 16,244,000/1,519,000

6.
Wilbur Prezzano, 56
Eastman Kodak Co.
Vice chairman

Total 1996 Compensation: 1,946,075
Total 1995 Compensation: 4,174,242
1996 Cash Compensation: 1,946,075
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 664,650
All Other Compensation: 100,000
Price per Share of Common Stock (6/27/97 close): 78.5
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 49,055/3,850,817.50
Percentage of Total Outstanding Shares Owned: 0.01
Number of Stock Options Held at Fiscal Year End(3): 239,565
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 1.6/78,488.00
1996 Revenue (000)/1996 Income (loss) (000): 16,244,000/1,519,000

7.
Harry Kavetas, 59
Eastman Kodak Co.
Chief financial officer and executive vice president

Total 1996 Compensation: 1,848,266
Total 1995 Compensation: 2,073,370
1996 Cash Compensation: 1,848,266
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 728,346
All Other Compensation: 0
Price per Share of Common Stock (6/27/97 close): 78.5
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 45,798/3,595,143.00
Percentage of Total Outstanding Shares Owned: 0.02
Number of Stock Options Held at Fiscal Year End(3): 9,352
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 1.6/73,276.80
1996 Revenue (000)/1996 Income (loss) (000): 16,244,000/1,519,000

8.
Carl Kohrt, 53
Eastman Kodak Co.
Executive vice president and assistant chief operating officer

Total 1996 Compensation: 1,429,751
Total 1995 Compensation: NA
1996 Cash Compensation: 1,372,270
Value of Stock Options Realized: 57,481
Long-Term Incentive Plan Payouts: 365,558
All Other Compensation: 75,000
Price per Share of Common Stock (6/27/97 close): 78.5
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 21,906/1,719,621.00
Percentage of Total Outstanding Shares Owned: 0.01
Number of Stock Options Held at Fiscal Year End(3): 57,521
Number of Shares Acquired on Exercise: 742
1996 Dividend/Dividend Income (4): 1.6/35,049.60
1996 Revenue (000)/1996 Income (loss) (000): 16,244,000/1,519,000

9.
Richard Aab, 47
ACC Corp.
Former chairman and CEO(6)

Total 1996 Compensation: 1,249,890
Total 1995 Compensation: 1,190,072
1996 Cash Compensation: 362,286
Value of Stock Options Realized: 887,604
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 5,930
Price per Share of Common Stock (6/27/97 close): 30.75
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 1,348,614(7)/41,469,880.50
Percentage of Total Outstanding Shares Owned: 8
Number of Stock Options Held at Fiscal Year End(3): 0
Number of Shares Acquired on Exercise: 25,008
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 308,767/7,765

10.
Joseph Barrella, 50
Ultralife Batteries Inc.
President and chief operating officer

Total 1996 Compensation: 1,151,707
Total 1995 Compensation: 185,998
1996 Cash Compensation: 180,457
Value of Stock Options Realized: 971,250
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 0
Price per Share of Common Stock (6/27/97 close): 12.13
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 192,500/2,335,025.00
Percentage of Total Outstanding Shares Owned: 3.6
Number of Stock Options Held at Fiscal Year End(3): 96,000
Number of Shares Acquired on Exercise: 52,500
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 15,102/-3,239

11.
Leonard Simon, 60
RCSB Financial Inc.
Chairman, president and CEO

Total 1996 Compensation: 1,040,488
Total 1995 Compensation: 781,432
1996 Cash Compensation: 856,698
Value of Stock Options Realized: 183,790
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 145,161
Price per Share of Common Stock (6/27/97 close): 46.88
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 91,162/4,273,674.56
Percentage of Total Outstanding Shares Owned: 2.1
Number of Stock Options Held at Fiscal Year End(3): 227,383
Number of Shares Acquired on Exercise: 19,300
1996 Dividend/Dividend Income (4): 0.51/46,492.62
1996 Revenue (000)/1996 Income (loss) (000): 194,500/39,700

12.
Thomas Hendrickson, 54
CPAC Inc.
President and CEO

Total 1996 Compensation: 1,011,334
Total 1995 Compensation: 695,237
1996 Cash Compensation: 848,416
Value of Stock Options Realized: 162,198
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 113,805
Price per Share of Common Stock (6/27/97 close): 11.88
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 313,404/3,723,239.52
Percentage of Total Outstanding Shares Owned: 5.34
Number of Stock Options Held at Fiscal Year End(3): 59,765
Number of Shares Acquired on Exercise: 19,688
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 89,069/5,473

13.
Thomas McDermott, 60
Goulds Pumps Inc.(8)
Chairman, president and CEO(9)

Total 1996 Compensation: 971,272
Total 1995 Compensation: 751,192
1996 Cash Compensation: 971,272
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 6,072
Price per Share of Common Stock (6/27/97 close): NA
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 17,439/NA
Percentage of Total Outstanding Shares Owned: 0.5
Number of Stock Options Held at Fiscal Year End(3): 71,598
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 0.8/13,951.20
1996 Revenue (000)/1996 Income (loss) (000): 774,420/34,707

14.
Bruce Jagid, 56
Ultralife Batteries Inc.
Chairman and CEO

Total 1996 Compensation: 844,432
Total 1995 Compensation: 829,821
1996 Cash Compensation: 306,932
Value of Stock Options Realized: 537,500
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 0
Price per Share of Common Stock (6/27/97 close): 12.13
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 195,800/2,375,054.00
Percentage of Total Outstanding Shares Owned: 5.78
Number of Stock Options Held at Fiscal Year End(3): 278,500
Number of Shares Acquired on Exercise: 50,000
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 15,102/-3,239

15.
Eric Steenburgh
Goulds Pumps Inc.(8)

Senior vice president and president, industrial products
Total 1996 Compensation: 727,157
Total 1995 Compensation: NA
1996 Cash Compensation: 727,157
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 221,060
Price per Share of Common Stock (6/27/97 close): NA
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 1,035/NA
Percentage of Total Outstanding Shares Owned: 0.03
Number of Stock Options Held at Fiscal Year End(3): 6,850
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 0.8/828
1996 Revenue (000)/1996 Income (loss) (000): 774,420/34,707

16.
Ronald Bittner, 55
Frontier Corp.
Chairman and CEO

Total 1996 Compensation: 711,276
Total 1995 Compensation: 1,500,553
1996 Cash Compensation: 711,276
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 11,276
Price per Share of Common Stock (6/27/97 close): 19.75
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 153,165/3,025,008.75
Percentage of Total Outstanding Shares Owned: 0.09
Number of Stock Options Held at Fiscal Year End(3): 288,531
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 0.86/131,721.90
1996 Revenue (000)/1996 Income (loss) (000): 2,575,569/217,944

17.
Robert Isaacs, 56
CPAC Inc.
Senior vice president and chief acquisitions officer

Total 1996 Compensation: 710,590
Total 1995 Compensation: 446,858
1996 Cash Compensation: 574,769
Value of Stock Options Realized: 135,821
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 4,500
Price per Share of Common Stock (6/27/97 close): 11.88
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 3,906/46,403.28
Percentage of Total Outstanding Shares Owned: 0.46
Number of Stock Options Held at Fiscal Year End(3): 8,007
Number of Shares Acquired on Exercise: 16,094
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 89,069/5,473

18.
Michael Hone, 47
PSC Inc.
Chairman and CEO

Total 1996 Compensation: 701,137
Total 1995 Compensation: 411,436
1996 Cash Compensation: 602,287
Value of Stock Options Realized: 98,850
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 6,157
Price per Share of Common Stock (6/27/97 close): 6.88
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 225,579/1,551,983.52
Percentage of Total Outstanding Shares Owned: 9.76
Number of Stock Options Held at Fiscal Year End(3): 929,833
Number of Shares Acquired on Exercise: 58,500
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 146,051/-41,534

19.
William Waltrip, 59
Bausch & Lomb Inc.
Chairman

Total 1996 Compensation: 684,935
Total 1995 Compensation: 81,350
1996 Cash Compensation: 684,935
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 0
Price per Share of Common Stock (6/27/97 close): 47.06
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 2,396/112,755.76
Percentage of Total Outstanding Shares Owned: 0.02
Number of Stock Options Held at Fiscal Year End(3): 11,211
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 1.04/2,491.84
1996 Revenue (000)/1996 Income (loss) (000): 1,926,800/83,100

20.
James Kanaley, 55
Bausch & Lomb Inc.
Senior vice president and president, North American Vision Care

Total 1996 Compensation: 630,197
Total 1995 Compensation: NA
1996 Cash Compensation: 498,981
Value of Stock Options Realized: 131,216
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 11,603
Price per Share of Common Stock (6/27/97 close): 47.06
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 33,024/1,554,109.44
Percentage of Total Outstanding Shares Owned: 0.06
Number of Stock Options Held at Fiscal Year End(3): 83,210
Number of Shares Acquired on Exercise: 6,450
1996 Dividend/Dividend Income (4): 1.04/34,344.96
1996 Revenue (000)/1996 Income (loss) (000): 1,926,800/83,100

21.
Christopher Bantoft
ACC Corp.
President and managing director of European operations

Total 1996 Compensation: 617,777
Total 1995 Compensation: 236,917
1996 Cash Compensation: 392,893
Value of Stock Options Realized: 224,884
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 19,616
Price per Share of Common Stock (6/27/97 close): 30.75
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 0/0
Percentage of Total Outstanding Shares Owned: 0
Number of Stock Options Held at Fiscal Year End(3): 42,907
Number of Shares Acquired on Exercise: 5,918
1996 Dividend/Dividend Income (4): None/0
1996 Revenue (000)/1996 Income (loss) (000): 308,767/7,765

22.
Frank Zonarich
Goulds Pumps Inc.(8)
Vice president(10)

Total 1996 Compensation: 595,812
Total 1995 Compensation: 328,716
1996 Cash Compensation: 595,812
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 248,812
Price per Share of Common Stock (6/27/97 close): NA
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 5,721/NA
Percentage of Total Outstanding Shares Owned: 0.3
Number of Stock Options Held at Fiscal Year End(3): 40,926
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 0.8/4,576.80
1996 Revenue (000)/1996 Income (loss) (000): 774,420/34,707

23.
James Gleason, 62
Gleason Corp.
Chairman, president and CEO

Total 1996 Compensation: 587,782
Total 1995 Compensation: 502,394
1996 Cash Compensation: 536,844
Value of Stock Options Realized: 50,938
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 14,450
Price per Share of Common Stock (6/27/97 close): 44
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 81,005/3,564,220.00
Percentage of Total Outstanding Shares Owned: 4.1
Number of Stock Options Held at Fiscal Year End(3): 134,900
Number of Shares Acquired on Exercise: 5,000
1996 Dividend/Dividend Income (4): 0.5/40,502.50
1996 Revenue (000)/1996 Income (loss) (000): 248,089/19,660

24.
Edward Pettinella
RCSB Financial Inc.
Executive vice president

Total 1996 Compensation: 567,603
Total 1995 Compensation: 362,136
1996 Cash Compensation: 450,603
Value of Stock Options Realized: 117,000
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 44,443
Price per Share of Common Stock (6/27/97 close): 46.88
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 25,793/1,209,175.84
Percentage of Total Outstanding Shares Owned: 0.9
Number of Stock Options Held at Fiscal Year End(3): 103,199
Number of Shares Acquired on Exercise: 12,000
1996 Dividend/Dividend Income (4): 0.51/13,154.43
1996 Revenue (000)/1996 Income (loss) (000): 194,500/39,700

25.
Robert Barrett
Frontier Corp.
Executive vice president and president, network systems and services

Total 1996 Compensation: 562,448
Total 1995 Compensation: NA
1996 Cash Compensation: 562,448
Value of Stock Options Realized: 0
Long-Term Incentive Plan Payouts: 0
All Other Compensation: 246,528
Price per Share of Common Stock (6/27/97 close): 19.75
Number of Company Shares Owned (2)/Market Value of Shares (as of 6/27/97): 52,183/1,030,614.25
Percentage of Total Outstanding Shares Owned: 0.03
Number of Stock Options Held at Fiscal Year End(3): 0
Number of Shares Acquired on Exercise: 0
1996 Dividend/Dividend Income (4): 0.86/44,877.38
1996 Revenue (000)/1996 Income (loss) (000): 2,575,569/217,944

*Total compensation includes cash compensation, bonuses, long-term incentive plan payouts, dollar value realized from stock options exercised and all other compensation during fiscal 1996.
Notes: Part one of two. Information was compiled from 1996 annual reports and proxy statements of publicly held companies that have headquarters in Monroe, Genesee, Livingston, Ontario, Orleans, Seneca and Wayne counties. Other executives from publicly held companies in the area might have been included, but the Securities and Exchange Commission requires companies to note only the five highest-paid officers.

(1)Fiscal year 1996.
(2)Does not include shares that may be acquired through stock options. May include shares for which disposition is restricted and shares owned by family members.
(3)Includes only those options that were exercisable at the company’s fiscal year end.
(4)Dividend from shares actually owned.
(5)Adjusted for 3-for-2 stock split on May 29, 1997.
(6)Resigned as CEO on Oct. 6, 1995, and on Oct. 6, 1996, resigned as chairman.
(7)Includes 209,250 shares owned by Melrich Associates, a family partnership of which Mr. Aab is general partner.
(8)Goulds Pumps has been acquired by ITT Industries Inc., but is included in this list because the company was acquired after it completed its 1996 fiscal year. All stock-related information was accurate as of Dec. 31, 1996; ITT has since purchased all of Goulds Pumps’ stock.
(9)Resigned following Goulds Pumps’ acquisition by ITT Industries Inc.
(10)Resigned December 1996.

NA – Not available
Researched by Bill Myers