Wednesday, December 17, 2008

Bush Administration created executive pay loophole

The Bush Administration inserted an eleventh-hour provision into the $750 billion bailout bill to protect executive bonuses, a single sentence that will torpedo efforts to reduce bonuses even as companies slash tens of thousands of jobs and use taxpayer money to gobble up other companies at fire-sale prices.Pressured by constituents who worried that companies would [...]

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[Source: Mint Dollar

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