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Monday, Jan 22nd

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You are here News Economy CEOs who got out before crisis left with millions

CEOs who got out before crisis left with millions

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Under the government plan, the long-gone CEOs would not have to give anything back, said Steven W. Adamske, a spokesman for the House Committee on Financial Services. He said there was no constitutional way to recoup pay retroactively.

Meanwhile, the former CEOs who accepted fat severance packages from the banks at the heart of the crisis are long gone.

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