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March 30, 2005

All Business: How CEOs keep their high salaries

  • Even after all the corporate scandals, most companies haven't scaled back high-flying salaries and remain evasive about how they set them.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — It sure would be sweet to have your pay based on what the highest earners make in your industry, or better yet in any industry.

    That isn't how it works for most employees, but it is certainly a reality for many of the nation's CEOs. Their already out-of-the-ballpark pay has soared over the last decade thanks largely to how benchmarks are used in determining their compensation.


     
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