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.”
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