| Financial services executives are getting
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| | Bonuses, noted Paul Hodgson, a senior
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| big bonuses despite complaints about
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| | researcher at the Corporate Library, LLC,
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| excessive compensation. On average, top
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| | a corporate-governance research firm in
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| executives received $3.35 million in
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| | Portland, Maine, "tend to be fairly
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| bonuses in 2005, up almost 30 percent
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| | reflective of actual achievements."
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| from 2004, according to Investment News.
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| | However, he said, annual bonuses are now
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| The trade newspaper based its figures on
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| | so high "that level of compensation
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| a review of compensation for some 50
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| | should only be paid out for long-term
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| financial services executives.
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| | achievements as opposed to short-term
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| These executives gave up a modest amount
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| | operational achievements."
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| of their base salary - 1.25 percent, to
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| | Recently, a number of investors have
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| be specific, for an average of $550,405.
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| | called for an end to such large
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| "Business is good, and when business is
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| | compensation packages, and the Securities
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| good, people want to get paid," New
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| | and Exchange Commission is considering
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| York-based recruiter Michael Kelly told
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| | changing disclosure rules so that perks
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| Investment News. "Trust me, that couldn't
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| | worth more than $10,000 is required, down
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| be truer on Wall Street."
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| | from the current level of $50,000.
|
