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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  • 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
  • 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 - 8:07 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 - 2:32 am | View Link
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