No Pay Raises For Aig, Ally, Gm Chiefs

Chief executives of AIG, GM and Ally Financial, three companies bailed out by U.S. taxpayers and which remain partly owned by the U.S. Treasury, won't receive overall pay increases this year.

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  • What are we missing here? -
    When the public raises ... people who do not pay attention to ... investments: AIG and the remains of the auto bailout, GM and GMAC (now called ...
    08/31/2014 - 2:29 pm | View Link
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  • TARP Watchdog: Treasury Failed To Rein In Pay At Bailed-Out AIG, GM, Ally Financial
    Ally executives sought pay raises for the president of its subsidiary ... by more than 50% (including a more than 90% cut to cash pay), and that the CEOs of AIG, GM and Ally (the former GMAC) have not received pay increases during their tenure.
    01/28/2013 - 10:01 pm | View Link
  • Report: Treasury Okay’d ‘Excessive’ Pay Raises, Salaries For Bailed Out Execs
    Treasury approved raises that exceeded pay limits and in some cases failed ... The company also is reviewing pay policies to ensure that compensation is tied to performance, AIG said. GM and Ally said they are complying with all pay restrictions under ...
    01/28/2013 - 2:26 pm | View Link
  • Government Audit Criticizes the US Treasury for Approving Pay Rises at GM, Ally and AIG
    The US Treasury has been harshly criticized by a government auditor for approving ‘excessive’ pay raises for CEOs at three companies ... even more for 94% of the top-tier executives at GM, Ally and AIG (65 executives in total).
    01/28/2013 - 11:00 am | View Link
  • Watchdog Report Details How GM, Ally and AIG Executives Lobbied For More Pay.
    AIG: SIGTARP previously reported that AIG pushed for excessive raises in cash salaries and pushed against ... are still owed a combined $36.2 billion18 for the investments in GM and Ally, both companies have attempted to get around the rules established ...
    01/28/2013 - 8:06 am | View Link
  • U.S. Treasury failed to curb excess 2012 pay at GM, Ally, watchdog says
    GM and Ally each proposed nine pay raises, and AIG proposed one pay raise worth $1 million, the report said. Treasury approved raises of 15 percent to 23 percent without any further detail or analysis for four employees "on the basis that they were among ...
    01/28/2013 - 6:32 am | View Link
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