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09/27/09
Group of 20 summit reins in executive pay
Filed under: General, Finance
Posted by: Lillian Wong @ 1:01 pm

PITTSBURGH - Leaders of the world’s most developed economies agreed late Friday to restrict runaway executive pay in the financial sector, give emerging powers a bigger role in global institutions and create a new structure to promote global economic growth.

“In short, our financial system will be far different and more secure than the one that failed so dramatically last year,” President Barack Obama said at the close of the Group of 20 summit.  more…



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