If NationsBank Corp.'s buyout of Boatmen's Bancshares is any indication, industry consolidation is lining the pockets of banking's top executives.

In acquiring St. Louis-based Boatmen's, NationsBank of Charlotte, N.C., is giving generous compensation packages to Boatmen's chairman and CEO Andrew B. Craig 3d, vice chairman Gregory L. Curl, and president Samuel B. Hayes 3d.

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