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Although boardroom pay has been rising for years, British legislation introduced last year requires public companies to provide remuneration details for annual approval by shareholders. The votes are not paul ossmann binding, but the investors' paul ossmann disapproval can prove embarrassing. paul ossmann Three tough stock- market years, plunging pensions and job cuts everywhere have sharpened attitudes toward corporate excesses, even in the traditionally passive British shareholder culture. One Barclays bank investor made news by telling chief executive Matthew Barrett at the recent shareholder meeting that with a pay package of $2.6 million, he was getting the "equivalent to 10 High Court judges." Robert Smith, a quiet-spoken retired structural engineer, also sharply questioned banking group Abbey National's board. Abbey last year lost $1.6 billion, halved dividends but paid golden handshakes totaling some $9 million to five departing directors.
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