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Bailout Exec Pay Limits Have No Bite

Critics say White House added language to bailout bill that blunted super-pay language

By Jim O'Neill, Newser User

Posted Dec 15, 2008 7:36 AM CST

(Newser) – Thanks to a last-minute change pushed by the Bush administration, the $700 billion bailout has a giant loophole Wall Street executives will be able to float golden parachutes through. Congress put unprecedented restrictions on lofty pay into the final bill, but the only enforceable one... Read full story »

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Bailout Exec Pay Limits Have No Bite

Critics say White House added language to bailout bill that blunted super-pay language

Bush administration • executive compensation • Charles Grassley • golden parachutes • Wall Street bailout

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More Newser Stories

Even Loser Execs Still Getting Mammoth Exit Pay

'Pay for failure' bleeding troubled firms dry, say critics

Nuns Rap Goldman Sachs Fatcats for Pay

After Lloyd Blankfein's compensation almost doubles to $19M

Hayward to Get $18M Golden Parachute

Lawmakers slam payoff for Tony Hayward

17 TARP Banks Paid Execs Billions: Pay Czar

Payments would have violated later guidelines

Wall Street Weighs Huge Bonuses Vs. Public Wrath

Small signs of restraint as bonus season begins with record profits

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