Reid, Pelosi Target Golden Parachutes

Nancy Pelosi and Harry Reid are keeping up the heat on Wall Street executives, calling on Treasury Secretary Henry Paulson to impose new restrictions on golden parachutes for the CEOs of companies that received federal funds from the bailout.

The Democratic leaders wrote Paulson on Wednesday, urging him to “seriously consider strengthening the restrictions on executive compensation,” warning that Paulson risks “weaken[ing] public support” for the bailout if CEOs receive lavish compensation packages.

Full text of their letter after the jump.

 
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