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22 Oct

U.S. cuts pay at bailed out firms, BofA hits back (Reuters)

Posted in business on 22.10.09

A man protests outside the New York Stock Exchange, October 13, 2008. REUTERS/Shannon StapletonReuters – The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country’s largest bank which claimed the cuts could send talent fleeing.


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