Executives from telecommunications concern Sprint Nextel employed the most overpaid executives relative to company performance, with top  managers awarded a compensation package of nearly $74 million in 2007 despite the company posting a loss of $29 billion.

According to proxy researcher Glass-Lewis, which evaluated a pay-for-performance study among large and small publicly traded companies, its Pay Dirt survey identified 61 executives who were awarded more than $25 million in annual  compensation in 2007, 40 of whom took in over $30 million each according to  estimates by Glass Lewis.

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