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The Boston Globe

Business

State Street CEO earned $15.6m

State Street Corp. chief executive Joseph L. Hooley earned total compensation of $15.6 million last year, a 3.5 percent decline from 2011, according to the company’s annual proxy statement released Thursday.

Hooley’s base pay remained at $1 million, while his stock awards rose by one-third, to $10.6 million. His cash incentive pay dropped by more than half, to $1.1 million.

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