Pay limits didn't chase away executives, data show

03/23/2010 | New York Times (tiered subscription model), The

Warnings that pay restrictions for bailed-out automakers and banks would drive away the best and brightest executives turned out to be unfounded, data suggest. Despite severe pay cuts ordered by the pay regulator, nearly 85% of the 104 senior executives who saw their compensation slashed during the past two years have stayed with their employer, sources said.

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New York Times (tiered subscription model), The