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Obama administration plans salary cuts for bailout firms Obama administration plans salary cuts for bailout firms



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Old 10-22-2009, 11:33 AM
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Post Obama administration plans salary cuts for bailout firms
The Obama administration is proposing to cut the salaries of top executives at firms which have received billions of dollars in Government aid.The institutions that are affected are Bank of America, American International Group (AIG), Citigroup, General Motors, GMAC, Chrysler and Chrysler Financial. According to reports, these seven companies will see their 25 highest paid [...]

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