Obama sets executive pay limits
China Daily | Updated: 2009-02-05 07:51
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US President Barack Obama reacts next to first lady Michelle Obama as he talks to 2nd grade students at the Capital City Public Charter School in Washington on Tuesday. Reuters |
US President Barack Obama kicked off a campaign to rein in corporate compensation yesterday with rules limiting executive pay to $500,000 a year for companies getting taxpayer bailout funds in the future.
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