Get Political Wire by Email:



January 29, 2013


Treasury Approved "Excessive" Pay at Bailed Out Firms

An inspector general's report found the U.S. Treasury Department approved "excessive" salaries and raises at firms that received taxpayer-funded bailouts during the financial crisis the Washington Post reports.

The report 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."














POLITICAL WIRE PODCAST

Political Wire Podcast Engaging conversations about elections and the political issues of the day. Subscribe via iTunes or RSS to get episodes automatically downloaded.


FREE NEWSLETTER




TRENDING VIDEO







PARTNERS











FOLLOW US