Maximum wage: the 50 highest-paid chief executives of public companies.

• Position: Top-Paid CEOs

1 WILLIAM H. LAWSON (1)

Chairman, president & CEO of Franklin Electric

Headquarters: Bluffton

Business: Electric motors

2002 company revenue: $354.9 mil.

2002 company net income: $32.2 mil.

2002 pay & bonus: $889,500

2002 stock options exercised: $8,628,000

2002 TOTAL COMPENSATION: $9,527,500

2 LARRY C. GLASSCOCK

President & CEO of Anthem Inc.

Headquarters: Indianapolis

Business: Health insurance

2002 company revenue: $13.3 bil.

2002 company net income: $549.1 mil.

2002 pay & bonus: $3,624,139

2002 long-term compensation: $3,233,700

2002 TOTAL COMPENSATION: $6,857,839

3 FREDERICK W. ROCKWOOD

President & CEO of Hillenbrand Industries

Headquarters: Batesville

Business: Caskets, health care equipment

2002 company revenue: $1.8 bil.

2002 company net loss: $10.0 mil.

2002 pay & bonus: $2,407,780

2002 TOTAL COMPENSATION: $2,407,780

4 J. RAYMOND ELLIOTT

Chairman, president & CEO of Zimmer Holdings

Headquarters: Warsaw

Business: Orthopedic products

2002 company revenue: $1.4 bil.

2002 company net income: $257.8 mil.

2002 pay & bonus: $1,660,471

2002 long-term compensation: $604,600

2002 TOTAL COMPENSATION: $2,265,071

5 DAVID SIMON

CEO of Simon Property Group

Headquarters: Indianapolis

Business: Real-estate investment trust

2002 company revenue: $2.2 bil.

2002 company net income: $422.6 mil.

2002 pay & bonus: $1,410,963

2002 long-term compensation: $834,500

2002 TOTAL COMPENSATION: $2,245,463

6 C.W. "BILL" REED

President & CEO of Escalada

Headquarters: Evansville

Business: Sporting goods and office products

2002 company revenue: $155.5 mil.

2002 company net income: $11.1 mil.

2002 pay & bonus: $758,946

2002 stock options exercised: $1,102,562

2002 TOTAL COMPENSATION: $1,861,508

7 JEFFREY H. SMULYAN (2)

Chairman, president & CEO of Emmis Communications Corp.

Headquarters: Indianapolis

Business: Broadcasting and publishing

2002 company revenue: $646.2 mil.

2002 company net loss: $164.5 mil.

2002 pay & bonus: $1,445,549

2002 long-term compensation: $285,632

2002 stock options exercised: $102,800

2002 TOTAL COMPENSATION: $1,833,981

8 MICHAEL E. THOMAS

Chairman, president & CEO of Chromcraft Revington

Headquarters: Delphi

Business: Household, commercial furniture

2002 company revenue: $214.2 mil.

2002 company net loss: $16 mil.

2002 pay & bonus: $959,553

2002 long-term compensation: $471,254

2002 stock options exercised: $357,644

2002 TOTAL COMPENSATION: $1,788,451

9 RONALD W. DOLLENS

President & CEO of Guidant Corp.

Headquarters: Indianapolis

Business: Medical and diagnostic devices

2002 company revenue: $3.2 bil.

2002 company net income: $611.8 mil.

2002 pay & bonus: $1,746,859

2002 TOTAL COMPENSATION: $1,746,859

10 KEITH E. BUSSE

President & CEO of Steel Dynamics

Headquarters: Fort Wayne

Business: Steel, rail and building products

2002 company revenue: $864.5 mil.

2002 company net income: $77.9 mil.

2002 pay & bonus: $1,263,414

2002 long-term compensation: $426,388

2002 TOTAL COMPENSATION: $1,689,802

11 MARK P. BULRISS

Chairman, president & CEO of Great Lakes Chemical Corp.

Headquarters: West Lafayette

Business: Specialty chemicals

2002 company revenue: $1.4 bil.

2002 company net income: $125 mil.

2002 pay & bonus: $1,596,923

2002 TOTAL COMPENSATION: $1,596,923

12 GARY L. NEALE

Chairman, president & CEO of NiSource Inc.

Headquarters: Merrillville

Business: Electric and gas utility

2002 company revenue: $6.5 bil.

2002 company net income: $372.5 mil.

2002 pay & bonus: $1,435,770

2002 stock options exercised: $144,864

2002 TOTAL COMPENSATION: $1,580,634

13 DON E. MARSH

Chairman, president & CEO of Marsh Supermarkets

Headquarters: Indianapolis

Business: Supermarkets and convenience stores

2002 company revenue: $1.6 bil.

2002 company net income: $13.4 mil.

2002 pay & bonus: $1,368,671

2002 TOTAL COMPENSATION: $1,368,671

14 WILLIAM I. MILLER

Chairman of Irwin Financial Corp.

Headquarters: Columbus

Business: Financial-services holding company

2002 company revenue: $568.9 mil.

2002 company net income: $53.3 mil.

2002 pay & bonus: $1,232,858

2002 TOTAL COMPENSATION: $1,232,858

15 NIEL C. ELLERBROOK

Chairman & CEO of Vectren

Headquarters: Evansville

Business: Energy and technology holding company

2002 company revenue: $1.8 bil.

2002 company net income: $114 mil.

2002 pay & bonus: $1,226,731

2002 TOTAL COMPENSATION: $1,226,731

16 KELLY L. ROSE

Chairman, president & CEO of Starcraft Corp.

Headquarters: Goshen

Business: Custom van and truck conversions

2002 company revenue: $104.7 mil.

2002 company net income: $3 mil.

2002 pay & bonus: $947,509

2002 stock options exercised: $159,950

2002 TOTAL COMPENSATION:

$1,107,459

17 RENE R. CHAMPAGNE

Chairman & CEO of ITT Educational Services

Headquarters: Indianapolis

Business: Technical education

2002 company revenue: $464.9 mil.

2002 company net income: $43.9 mil.

2002 pay & bonus: $1,107,175

2002 TOTAL COMPENSATION:

$1,107...