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Original text - English - Pledging to take .

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Title
Pledging to take .
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Submitted by onderbaba
Source language: English

Pledging to take "the air out of golden parachutes," President Obama announced today that executives of companies receiving federal bailout money will have their pay capped at $500,000. "For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis isn't just bad taste -- it's a bad strategy -- and I will not tolerate it," Obama said.
4 February 2009 17:54