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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  • GM proposes to pay CEO $11.1 million in '13
    In 2012, the CEOs of three companies that received large government bailouts -- GM, Ally and AIG, didn't receive raises. GM is proposing to pay about $82 million to its highest 25 employees in total compensation -- over the $65 million it paid them in 2012 ...
    02/27/2013 - 6:13 pm | View Link
  • Treasury watchdog takes aim at AIG, GM pay
    Treasury also approved all 18 pay raise requests sought by AIG, GM, and Ally in 2012, according to the report. The raises ranged from $30,000 to $1 million. “The Treasury set the pay in a way that was very deferential for what the companies proposed ...
    01/28/2013 - 10:15 pm | View Link
  • 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 - 10:00 pm | View Link
  • Treasury approved big pay raises at bailed-out AIG, Ally and GM
    The Treasury Department ignored its own guidelines on executive pay at firms that received taxpayer bailouts and last year approved compensation packages of more than $3 million for the senior ranks at General Motors, Ally Financial and American ...
    01/28/2013 - 11:00 am | 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
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