Unisys Chief Is Highest Paid in Electronics

NEW YORK —  W. Michael Blumenthal, chairman and chief executive of Unisys Corp., received the highest salary and bonuses of any executive in the U.S. electronics industry last year, according to a survey released Thursday.

Blumenthal was paid $2.18 million in 1986, the year he engineered Burroughs Corp.’s $4.8-billion takeover of Sperry Corp., which created Unisys, Electronic Business magazine said.

Blumenthal, who fled Nazi Germany as a child, was a Treasury secretary in the Carter Administration. The chiefs of International Business Machines and Digital Equipment, the only two computer makers larger than Unisys, got paid substantially less than Blumenthal, whose 1986 pay was more than five times the $416,000 he got the year before.

Here are the top 10:

1--W. Michael Blumenthal, chairman and chief executive, Unisys, $2.18 million, up 423.2%.

2--Frank Drendel, executive vice president, General Instrument, $2.14 million, up 874.9%.

3--John W. Dixon, chairman and chief executive, E-Systems, $1.79 million, up 5.1%.

4--John Sculley, president and chief executive, Apple Computer, $1.70 million, up 61%.

5--Paul C. Ely Jr., chairman, Convergent Technologies, $1.19 million, down 8.2%.

6--George B. Harvey, chairman, president and chief executive, Pitney Bowes, $1.10 million, up 72.8%.

7--Edward M. Esber Jr., chairman and chief executive, Ashton-Tate, $943,237, percentage change unavailable.

8--Charles E. Exley Jr., chairman, president and chief executive, NCR., $938,142, up 3.6%.

9--John A. Young, president, chief executive, Hewlett-Packard, $919,654, up 7%.

10--Cees Bruynes, chairman and president, North American Philips, $918,392, up 13.4%.