Indiana's highest-paid CEOs.

The 50 highest-paid chief executives of public companies

1 STEPHEN C. HILBERT Chairman, President & CEO Conseco

PAY: $8,728,244 Long-term compensation: $1,707,535 Stock options exercised: $29,947,139 Headquarters: Carmel Business: Insurance holding company 1992 revenue: $1525.8 million 1992 net income: $169.5 million Joined company: Founded in 1979 Age: 47 Education: Attended Indiana State University

2 VAUGHN D. BRYSON President & CEO Eli Lilly & Co.

PAY: $1,269,280 Headquarters: Indianapolis Business: Pharmaceuticals, medical instruments 1992 revenue: $6167.3 million 1992 net income: $708.7 million Joined company: 1961 Age: 55 Education: B.S. 1960, Stanford Sloan Program 1967, Stanford University

3 LOUIS P. FERRERO Chairman, president & CEO Anacomp

PAY: $1,242,090 Headquarters: Indianapolis Business: Micrographics equipment 1992 revenue: $628.9 million 1992 net income: $26.9 million Joined company: 1979 Age: 50 Education: B.S. 1966, University of Florida

4 W AUGUST HILLENBRAND President & CEO Hillenbrand Industries

PAY: $1,219,486 Long-term compensation: $493,268 Headquarters: Batesville Business: Caskets, hospital equipment, luggage, insurance 1992 revenue: $1429.8 million 1992 net income: $116.3 million Joined company: 1966 Age: 52 Education: B.S. 1965, St. Joseph College

5 EMERSON KAMPEN Chairman, president & CEO Great Lakes Chemical Corp.

PAY: $1,074,893 Stock options exercised: $7,026,746 Headquarters: West Lafayette Business: Specialty chemicals 1992 revenue: $1538.2 million 1992 net income: $232.7 million Joined company: 1951 Age: 65 Education: B.S. 1951, University of Michigan

6 IAN M. ROLLAND Chairman & CEO Lincoln National Corp.

PAY: $949,815 Long-term compensation: $107,453 Stock options exercised: $1,059,064 Headquarters: Fort Wayne Business: Insurance 1992 revenue: $8034.1 million 1992 net income: $362.9 million Joined company: 1956 Age: 59 Education: B.A. 1955, DePauw University; M.S. 1956, University of Michigan

7 DELMONT A. DAVIS President & CEO Ball Corp.

PAY: $943,283 Stock options exercised: $189,332 Headquarters: Muncie Business: Packaging products, aerospace and communications systems and services 1992 revenues: $2177.8 million 1992 net income: $69.1 million Joined company: 1969 Age: 57 Education: B.S. University of Colorado; attended graduate school at University of Colorado, University of Mississippi

8 HENRY B. SCHACHT Chairman & CEO Cummins Engine Co.

PAY: $798,437 Long-term compensation: $2,648,029 Stock options...