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April 15, 2009

Survey: More Pay Rises than Cuts for US CEOs
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A new survey has found more American CEOs got pay raises than salary
cuts last year. According to the AFL-CIO, the median CEO salary rose
seven percent, while executive perks rose 13 percent. Some executives
that saw cuts to their base pay were granted lavish stock options to
offset the losses. Despite reporting an $11 million salary, Vikram
Pandit of the bailed-out financial giant Citigroup made $38 million with
stock options included.



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