Obama sets executive pay limits for bailout companies

WASHINGTON, Feb 4 (Reuters) - President Barack Obama took on bailed-out Wall Street firms on Wednesday, setting a $500,000 annual cap on executive pay for companies getting taxpayer funds and tapping popular anger over financial sector excesses.

Obama said more such measures were planned in efforts to overhaul the crisis-hit U.S. financial sector that has been bailed out with billions of dollars of public funds.
Obama sets executive pay limits for bailout companies Reuters
Obama's salary cap could mean huge pay cut for top executives
CNN, The Associated Press