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Thursday, June 11, 2009

U.S. to issue new Wall Street pay curbs - The Globe and Mail

U.S. to issue new Wall Street pay curbs - The Globe and Mail: "Those overarching guidelines for the industry come as the administration prepares to issue new, more specific regulations governing pay at financial institutions that have received infusions from the $700-billion (U.S.) Troubled Asset Relief Program. The regulations, prompted by legislation passed by Congress earlier this year, would limit top executives to bonuses no greater than one-third of their annual salaries."

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