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New rules on executive pay

Broadcast: Midmorning, 06/10/2009, 9:45 a.m.

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President Obama will announce a plan to reform compensation practices across the financial industry, particularly in banks that have received bailout money. Midmorning examines the task before newly appointed "compensation czar" Kenneth Feinberg.

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  • Michael Mandel: Chief economist at Business Week magazine. He's the author of a new textbook, "Economics: The Basics."

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