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Business today
TECH DATA CEO GETS RAISE: Tech Data Corp. chief executive Steve Raymund made $2.68-million in salary and bonus last year, up 68 percent from the previous fiscal year. The increase, largely due to Raymund's bonus more than doubling to $1.71-million from $800,000 the year before, was disclosed in the company's annual proxy filed with the Securities and Exchange Commission. The Clearwater distributor of computer equipment said the bonus is tied to achieving certain earnings-per-share goals in the fiscal year ended Jan. 31. The company earned $3.14 per share, beating its goal of $2.80. Raymund, 45, also received 120,000 stock options worth an estimated $2.1-million. Tech Data worldwide president Nestor Cano received a bonus of $650,000, up from $154,000 the year before. That helped boost Cano's total compensation from $439,000 to $1.1-million, a 150 percent increase.

Florida economic rally may be slow
First Union senior economist Mark Vitner says the state will have to wait until mid-2002 for growth to return.

Clearwater Mall to be destroyed
The developer makes plans to level the fading facility for a new shopping center as soon as 2004.