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Rich Guys Get A Smackdown
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The Obama administration finally reacts to the prevailing public sentiment and orders the top 25 executives at the seven biggest bailout beneficiaries to take a 90% pay cut from last year, sort of. The "sort of" is because they'll make it up in stock (which will have sales restrictions, but still). Another 25 at each place will get a 50% cut. The gravy train might be over; at least, it's stalled.
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