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Jun 30, 1995

Fat and Happy

Extremes in executive pay should be tempered

To the average retail shareholder, there is a cruel irony in the hyper-inflation associated with executive remuneration - especially when the justification given for an increased package refers to the CEOs successful paring back of the staff roll-call to a barely workable minimum. That's because most retail shareholders identify more closely with companies workforces than they ever will with their managements. And they wonder why the CEO should be allowed to go on being fat and happy while

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