Reuters: Obama sets salary cap for bailout companies: U.S. official

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Obama sets salary cap for bailout companies: U.S. official
      

WASHINGTON (Reuters) - U.S. President Barack Obama will set a $500,000 a year cap on executive pay going forward for banks and other companies that take U.S. government funds to stabilize their businesses, an administration official said on Tuesday.<div class="feedflare">
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