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Government to Order Pay Cuts at AIG, Other Firms
Business Insurance;
Oct. 22, 2009
Excerpt: The Obama administration reportedly will order American International Group Inc. and other bailed-out companies to slash the compensation of their highest-paid executives. The New York Times and the Wall Street Journal, citing people familiar with the administration's plans, reported Wednesday that the move stems from the growing furor over executive pay at companies that have received federal bailouts.
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