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Putin May Cap Golden Parachutes After Ally’s $100 Million Payout

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Putin May Cap Golden Parachutes After Ally’s $100 Million Payout

By Olga Tanas & Yuliya Fedorinova - Mar 29, 2013 4:31 AM ET

President Vladimir Putin proposed limiting payments to resigning Russian executives, after a former KGB colleague was granted about $100 million when he stepped down as the head of OAO GMK Norilsk Nickel.

While so-called golden parachutes should “stimulate top- class managers” to work efficiently, “sensible limits” are needed, Putin said in Rostov-on-Don today. Capping such payments would comply with global standards, Putin said.

more:
http://www.bloomberg.com/news/2013-03-29/putin-may-cap-golden-parachutes-after-ally-s-100-million-payout.html




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