This excerpt taken from the PBI 10-K filed Aug 14, 2006.
Executive Officer Compensation
The Executive Compensation Committee (the Committee), which is composed of four independent directors, oversees the companys executive compensation programs and establishes its executive compensation policies. The Committee reports on executive compensation to all of the independent directors of the board and makes recommendations to them regarding those executive compensation matters with respect to which the independent directors have final approval. (See Report of the Executive Compensation Committee beginning on page 9.)
Summary Compensation Table. The following table (Table I) shows all compensation paid or granted, during or with respect to the 2005 fiscal year and the two previous fiscal years, to the chief executive officer and to the four other highest paid executive officers for services rendered to the company and its subsidiaries. (Persons in this group are referred to herein individually as a Named Executive Officer and collectively as the Named Executive Officers and, unless otherwise noted, the titles listed are the titles held as of the end of the 2005 fiscal year.)