CEO layoff leaders also led in pay in '09: study

Dark Knight

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BOSTON (Reuters) – As U.S. companies shed millions of workers during the recession, the CEOs who laid off the most people brought home pay that was significantly higher than that of their peers, a study released on Thursday found.


The CEOs of the 50 U.S. companies that laid off the most workers between November 2008 and April 2010 were paid $12 million on average in 2009, or 42 percent more than the average across the Standard & Poor's 500, according to a study by the Institute for Policy Studies, a Washington think tank.


http://news.yahoo.com/s/nm/20100901/us_nm/us_usa_corporate_layoffs
 
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