Trouble at S&Ls Topples Some S.D. Executives From '90 Top-Paid List : Moneymakers: Retired Rohr chairman and Intermark CEO head ranking of county's highest compensated at publicly held businesses.

Fletcher, who earned $547,432, recently retired as a salaried employee of the troubled S&L that on May 2 reported a $173.9-million net loss for its first quarter. The loss pushed HomeFed out of compliance with a key regulatory capital requirement.

While Fletcher has retired, he remains HomeFed's board chairman.

* HomeFed Chief Executive Robert F. Adelizzi, the fourth-highest paid local executive in 1989, fell to No. 12 in 1990. Adelizzi, who earned $526,431 during fiscal 1990, will leave the troubled S&L as soon as a replacement is found. Adelizzi's departure was demanded by federal regulators.

* Gordon C. Luce, the former chairman of loss-ridden Great American Savings Bank, was the seventh-highest paid executive in 1989. Luce, who retired from the troubled S&L during 1990, does not appear on the latest salary survey.

* Former Cipher Data Products Chief Executive Gary Liebl, another member of 1989's top 10, did not make the 1990 list because he resigned in 1990, shortly after the company was acquired by Archive Corp. of Costa Mesa.

* C.C. (Sam) Wellborn, the former senior vice president of Cubic Corp., who placed sixth in 1989 with total compensation of $655,891, pleaded guilty in April to fraud in connection with a Defense Department investigation and soon will begin an 18-month sentence at a federal facility in northern California. Wellborn, who resigned from Cubic in 1990, did not appear on the most recent list of highest-paid executives.

As has been the case in past surveys of top-paid executives, no San Diego County business leaders made the list of the state's 10 highest-paid executives.

The 10 highest-paid executives at San Diego's publicly held companies in 1990 were:

* Harry Todd, Rohr's former chairman, who earned $2.7 million. Todd retired during the fiscal year that ended July 31, 1990, but not before earning a 12-month package that included stock options, stock awards and other payments of more than $2.4 million in addition to his $231,219 salary.

* Intermark chief executive Charles (Red) Scott earned a salary-and-stock package $1.7 million during 1990. Scott gained notoriety in San Diego in recent years when he resigned from San Diego Gas & Electric's board of directors after the board voted to approve an ill-fated merger with Southern California Edison.

Scott also has engaged in some corporate shuffling during the past year.

While he remains chairman and chief executive of Intermark Inc., Scott relinquished his chairman's role at Triton Group Ltd. when that company was merged into Intermark in August, 1990.

In February of this year, Scott was elected president and chief executive of Fuqua Industries, an Atlanta-based company in which Intermark holds 26% of the company's common shares.

Scott has moved from San Diego to Atlanta where "he is a resident and working full-time for Fuqua," according to Intermark vice president Mitchell Woodbury. "He's maintained his California connections, however, and is performing all the functions that can be expected of (an Intermark) board member."

* While Tom Page, SDG&E's chairman, chief executive and president, didn't draw combat pay for services rendered during the utility's unpopular and unsuccessful attempt to merge with Southern California Edison, he still managed to remain one of the county's highest-paid executives, earning $1.3 million during fiscal 1990.

Page, who has drawn criticism from some opponents of the merger, maintains that he will remain at the helm of the utility as it readies itself for life as a stand-alone company. During a recent meeting in New York City with electric utility analysts, Page noted that his company is coming off of record years in terms of revenue and net profit.

* As was the case in 1989, only one top executive at the Price Co. made the top 10 list. Ted Wallace, a Price Co. executive vice president, earned $1.3 million. Price, which operates 68 Price Clubs in the U.S. and Canada, recently reported that its May sales remain consistent with positive sales trends reported in previous months.

Wallace's 1990 compensation was boosted by a little over $1 million in stock options.

* E.T. Bahre, chief executive of Computer & Communication Technology, earned $1.01 million in compensation, bonuses, stock options and stock awards during 1990. But Bahre left financially troubled CCT in August, 1990, when it merged with Sunward Technologies, a privately held company. While Bahre is no longer a company employee, he does serve as a Sunward board member, according to a Sunward spokeswoman.

* John J. Roach, chief operating officer of Homefed Corp., who earned $768,080 during 1990, won't appear on future lists. The HomeFed executive retired in December, 1990.