"Many of these people get paid a lot more than the standard salary that's paid to the normal staff, " he said.

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Technical skills that come from pursuing, say, a computer science or engineering degree certainly insure grads a good salary and standard of living.

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Instead of the standard 1, 000 rand a month in salary, he offered the Orkney miners a base salary of 750 rand plus a profit-sharing bonus that could double their pay.

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Corporate boards say a proposed new accounting standard, known as FRS17, risks making final salary schemes too expensive.

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Sir David says the standard of life that can be bought in the city for a low salary is one reason why he and other colleagues have not taken much better-paid jobs in America.

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Fehr (like his predecessor, Marvin Miller) has been held up as the gold standard for sports-union negotiators, mainly because of his refusal to bend on the salary-cap issue, even through a lengthy strike in 1994.

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