No more! That's what investors have to say to AMVESCAP
CEO Martin Flanagan
when it comes to compensation.
reports that Flanagan was paid a total of $5.7 million in 2006, down from $14.2 million in 2005.
AMVESCAP earmarked $21 million in 2005 for the salaries of incoming Flanagan and retiring CEO, Charles Brady. This sparked a shareholder revolt which led to the lowering of Flanagan's compensation package.
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