Treasury Freezes Compensation For Top AIG, Ally, GM Executives

Treasury Freezes Compensation For Top AIG, Ally, GM Executives

While a majority of the American corporations that received “exceptional” bailout assistance form the Troubled Asset Relief Program, there are still three businesses — AIG, Ally Financial (you may know it by its pre-bust name of GMAC), and General Motors — remaining. Today, Treasury Dept. announced that the Acting Special Master for TARP Executive Compensation has determined that the top executives at this trio of companies will not get a pay raise in 2012. [More]