Executive Compensation -- Ghosts of Pay Cuts to Come

7) ALAN F. SCHULTZ
CEO, President and Director
Valassis, Livonia, MI
Salary + Incentives: $1,404,000
Other Compensation: $25,485
Total: $1,429,485
Previous Year Total: $1,027,448
Percentage Change: 39%

8) DAVID J. SHEA
Chairman and CEO
Bowne & Co., New York
Salary + Incentives: $1,265,000
Other Compensation: $74,198
Total: $1,339,198
Previous Year Total: $1,150,186
Percentage Change: 16%