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Rating:Flanagan Takes Pay Cut Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, April 18, 2007

Flanagan Takes Pay Cut

by: Erin Kello

No more! That's what investors have to say to AMVESCAP CEO Martin Flanagan when it comes to compensation. Financial Week reports that Flanagan was paid a total of $5.7 million in 2006, down from $14.2 million in 2005. AMVESCAP earmarked $21 million in 2005 for the salaries of incoming Flanagan and retiring CEO, Charles Brady. This sparked a shareholder revolt which led to the lowering of Flanagan's compensation package.  

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