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Business: Executives / Pay Cuts #959295

CBS Evening News for Thursday, Oct 22, 2009
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(Studio: Katie Couric) The Treasury Department’s order for 7 bailed-out corporations to cut the pay of their top executives noted.

(White House: Chip Reid) The Federal Reserve Board's plans to regulate compensation at banks across the country examined; statement from chairman Ben Bernanke quoted; details given about the Fed’s proposed rules and about pay czar Kenneth Feinberg††’s Treasury plan. [Economist Peter MORICI†- says the banks must be regulated.] [The Financial Services Roundtable Scott TALBOTT†- supports the Fed’s decision not to set pay caps.] [FEINBERG – says there will be funds available to repay the US taxpayers.]

Couric, Katie;
Reid, Chip

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