A government report Monday criticized the U.S. Treasury Department
for approving “excessive” salaries and raises at firms that received
taxpayer-funded bailouts during the financial crisis.
The Special Inspector General for the Troubled Asset Relief Program said Treasury approved all 18 requests it received last year to raise pay for executives at American International Group Inc., General Motors Corp. and Ally Financial Inc. Of those requests, 14 were for $100,000 or more; the largest raise was $1 million.
Read more: http://www.washingtonpost.com/business/report-treasury-approved-excessive-pay-for-executives-at-bailed-out-aig-gm-and-ally/2013/01/28/7e9f52ba-697d-11e2-9a0b-db931670f35d_story.html?wpisrc=al_comboNE_b
The Special Inspector General for the Troubled Asset Relief Program said Treasury approved all 18 requests it received last year to raise pay for executives at American International Group Inc., General Motors Corp. and Ally Financial Inc. Of those requests, 14 were for $100,000 or more; the largest raise was $1 million.
Read more: http://www.washingtonpost.com/business/report-treasury-approved-excessive-pay-for-executives-at-bailed-out-aig-gm-and-ally/2013/01/28/7e9f52ba-697d-11e2-9a0b-db931670f35d_story.html?wpisrc=al_comboNE_b
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