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Lehman boosts Fuld's pay 43% to $40m

Richard Fuld, chairman and chief executive of Lehman Brothers, received a total of $40m (€26m) last year, including a $4.25m bonus, as his counterparts at some rival firms have given up bonuses due to writedowns related to mortgage-backed securities.

Fuld received a basic salary of $750,000, a cash bonus of $4.25m and restricted stock units worth $35m, according to a filing with the US Securities and Exchange Commission.

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