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Lehman chief's pay rises to $34.5m

Lehman Brothers chairman and chief executive officer Richard Fuld saw his pay rise 31% to $34.5m (€29m) last year on the back of the bank's record earnings.

Fuld got a $13.8m cash bonus and a base salary of $750,000 for 2005, according to a filing with the Securities and Exchange Commission, the US regulator.

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