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2/14/06

Wallstreet Journal: British keep ceiling on executive pay with shareholder votes

Wallstreet Journal

British keep ceiling on executive pay with shareholder votes

Every few months or so, news of a British executive-pay "furore" finds its way over here -- to the befuddlement of Americans. The sums that cause scandal in the United Kingdom wouldn't make the down payment on an American CEO's yacht. H6wever, The U.K. has outstripped the United States in one major fashion recently. The FTSE 100's total annual return in the past five years has averaged 6.5 percent, compared with 2 percent for the Dow Jones industrial average.

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