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Corporate

Apr. 29, 2003

Bankrupt Firms' Executive Payouts Come Under Fire

The recent deluge of corporate-reform proposals continues, with one of the latest taking aim at the big payouts received by executives at some bankrupt companies.

By Toni Vranjes
        The recent deluge of corporate-reform proposals continues, with one of the latest taking aim at the big payouts received by executives at some bankrupt companies.
        A new Senate bill would allow bankruptcy estates to recover "extraordinary or excessive" compensation made to insiders, officers or directors in the year b...

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