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From Reuters

Gregory Johnson and Martin Flanagan, co-chief executives of Franklin Resources Inc. of San Mateo, Calif., received bigger bonuses in the year ended Sept. 30, reflecting “very strong” company performance, the fund group said Monday in a Securities and Exchange Commission filing.

Each executive received a base salary of $789,000, slightly more than in the prior year, and bonuses of $2.65 million, which topped the $1.1 million in bonuses paid in fiscal 2003. Each was awarded $2.4 million in restricted stock, more than double the amount awarded in 2003.

Franklin Resources includes the Franklin and Templeton mutual funds. Two units of the company agreed last year to pay $20 million in civil penalties to settle charges that fund assets were used to pay for marketing deals that were not fully disclosed.

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