DAYTON DAILY NEWS                   Copyright (c) 1997, Dayton Newspapers Inc.DATE: Saturday, March 15, 1997              TAG: 9703150031EDITION: CITY          SECTION: BUSINESS    PAGE: 4B SOURCE: By Jim Dillon DAYTON DAILY NEWS                                      NCR                           NYBERG MADE $3.7 MILLION * That's `rather modest' for corporate executives, one observer says.    NCR Corp. Chairman and Chief Executive Lars Nyberg received more than $3.7million in cash and bonuses last year as the company's top officer.   Nyberg, 45, received more than half of that money on Dec. 31 when AT&TCorp., NCR's owner at the time, gave him a cash lump-sum payment of $1.9million in lieu of special pension benefits Nyberg would have received had heremained employed by AT&T, according to NCR's first proxy statement in sixyears.   The telecommunications giant spun off NCR, a $7 billion computer equipmentand services company, on Dec. 31.   Nyberg, in his first full year as a chief executive, also received $1.4million in salary and bonus last year from AT&T. He received an additional$375,000 as an employment contract signing bonus from AT&T, according to theproxy.   Other miscellaneous compensation totaled $129,472. Nyberg also accumulatedrestricted stock awards worth more than $705,000.   NCR officials declined comment. But Judith Fischer, publisher of ExecutiveCompensation Reports, a Springfield, Va.-based newsletter that tracksexecutive pay trends, called Nyberg's salary and bonus "rather modest for thesize of the company he is leading and the industry it's in." She called therestricted stock awards equally modest.   That coincides with findings by the NCR board's executive compensationcommittee, which said NCR executives generally received less-than-average paylast year when compared with their peers at similar companies.   AT&T hired Nyberg to lead NCR in April 1995. At the time, he was alittle-known executive with Netherlands-based Philips Electronics NV, and NCRwas losing $2 million a day. Operating losses totaled $722 million for theyear.   But Nyberg engineered a turnaround that included eliminating 8,500 jobs -or 20 percent of its worldwide work force - exiting the personal computerbusiness and refocusing on its traditional financial, commercial and retailmarkets.   The operating losses evaporated last year, but NCR has yet to post any netincome under Nyberg.   Nyberg's current employment contract calls for him to receive a $3.8million bonus in June 1999 if he is still leading the company and a $2 millionsigning bonus if he receives and accepts a contract extension that year.   NCR will hold its annual shareholders' meeting April 16 at its Sugar Campeducation center in Oakwood.LENGTH:   56 linesILLUSTRATION: COLOR PHOTO:          Lars NybergCATEG: BUSINESS - COMPANIESSUBJ: CEO NA: LARS NYBERG    NCR AT: BONUS ENHANCER: ref3