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Friday, March 20, 2009

Banks could still find wiggle room in pay caps


NEW YORK (AP) -- The squeeze on big paydays for executives of bailed-out banks will probably leave Wall Street plenty of wiggle room.Consultants on executive pay say the caps imposed by President Barack Obama on Wednesday will probably apply only to a few executives -- not star traders, brokers and salespeople who routinely earn whopping pay packages. http://finance.yahoo.com/news/Banks-could-still-find-wiggle-apf-14257868.html

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