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February 10, 2009

All Business: Despite ‘pay cuts' most CEOs still make plenty

  • Cash may be cut, but stock grants and perks could make them even richer over the long run.
  • By RACHEL BECK
    AP Business Writer

    NEW YORK — Chief executives who agree to have their salaries slashed to nearly nothing look like they're taking one for the team. After all, if the company's struggling, the top brass should feel the pain, too.

    Don't believe it. They're hardly the heroes of corporate pay suggested by the headlines and news releases.


     
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