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Michael S. Jeffries, chairman and CEO of Abercrombie & Fitch. (AP Photo/Mark Lennihan, File)

May 27 (Bloomberg) — Michael S. Jeffries, the Abercrombie & Fitch Co. chief executive officer who was paid $48.1 million in 2011, got 95 percent less last year after the company’s board tried to placate shareholders who twice slammed its executive pay structure.

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