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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    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 ...
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    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
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