Report: Obama Admin Approved Excessive Pay for Bailed-out Execs of GM, AIG others

An internal government watchdog today accused the U.S. Treasury Department of approving “excessive” pay packages for bailed-out companies, including General Motors and Detroit-based Ally Financial.

Government MotorsThe Office of the Inspector General for the Troubled Asset Relief Program (TARP) released a report slamming Treasury officials for signing off on 18 pay raises and other 2012 compensation packages for executives at GM, Ally and AIG.

The report also reveals that GM CEO Dan Akerson asked Treasury Secretary Timothy Geithner in March 2012 to remove the executive pay restrictions for the automaker.

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About Albert N. Milliron 6991 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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