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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  • Congress criticizes pay for General Motors executives following bailout [Detroit Free Press]
    Sparked by an inspector general's report criticizing compensation of top executives at GM, Detroit-based Ally Financial and insurance giant AIG, the House Oversight ... would most likely give executives bigger raises as soon as it leaves TARP.
    02/26/2013 - 11:00 am | View Link
  • Feds OK’d high pay at bailed-out firms
    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 - 11:00 pm | View Link
  • US watchdog blasts pay at bailed-out firms
    Moreover, it said, Treasury ignored its own guidelines and gave raises to the top ... It sold off most of its shares in AIG last year, only completing the task in December; it is selling off GM shares, but still controls Ally, which continues to bleed ...
    01/28/2013 - 2:19 pm | View Link
  • U.S. government allowed high pay at bailed-out firms, report says
    WASHINGTON — A government report Monday criticized the U.S. Treasury Department for approving "excessive" salaries and raises at firms ... said more than half at AIG were at or below that level, while nearly half at GM and Ally were below it.
    01/28/2013 - 11:00 am | View Link
  • Report: Geithner approved 'excessive pay' for execs at bailed out companies
    Also noted: A $200,000 raise was approved for an executive of Ally's mortgage-lending ... according to the report. AIG has already paid back the $182 billion it got in the bailout. The government's remaining stake in GM will be sold off - for a loss ...
    01/28/2013 - 11:00 am | View Link
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