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Popular Anger Puts Fat Cat CEOs on the Run
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Popular Anger Puts Fat Cat CEOs on the Run

People rally in the financial district against the proposed government buyout of financial firms. (AFP File) NEW YORK  — An angry US public and Congress are pushing to snip the rip cord on golden parachutes used by fat cat CEOs to escape Wall Street's mayhem.

Democrats in Congress -- set to resume emergency talks Friday with their Republican counterparts on a 700-billion-dollar (478-billion-euro) bailout for the financial industry -- insisted that any agreed package include restrictions on executive pay.
Posted in Bailout