Transatlantic pay gap narrows
Posted on May 14, 2009 at 00:01 AM EDT
When the British government politely asked Sir Fred Goodwin, the departing chief executive of the nationalized Royal Bank of Scotland, to give up his roughly $1 million-a-year pension last February, his stubborn refusal made for very bitter headlines. It also helped dispel the notion of excessive executive pay as an exclusively American problem.
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