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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (42946)	6/15/2008 2:52:07 PM
From: RockyBalboa	Read Replies (1) of 57684

CEOs are bribed off big time: AP AP IMPACT: CEO pay chugs up in '07 despite economy Sunday June 15, 2:40 pm ET By Rachel Beck and Matthew Fordahl, AP Business Writers AP IMPACT: Even as economy grew cloudy in 2007, CEO pay chugged ever higher, AP analysis finds ....... At the top of the AP list: John Thain, who took the reins of Merrill Lynch on Dec. 1, 2007. His $83 million pay package was supercharged by a signing bonus and other enticements that lured him from the New York Stock Exchange to lead the investment bank as it was suffering its worst-ever losses. Collectively, the 10 best-paid CEOs made more than half a billion dollars last year. Yet half the members of this stratospheric club were leading companies whose profits shrank dramatically.

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