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Earl Gregg Swem Library

Treasury Significantly Loosened Executive Pay Limits Resulting in Excessive Pay for Top 25 Employees at GM and Ally (GMAC) When the Companies Were not Repaying TARP in Full …

Categories: Financial Crisis/Markets,Govt/Business Scandals,Income/Poverty,Taxes

http://www.sigtarp.gov/Audit%20Reports/SIGTARP_Special_Master_Report.pdf

Investigation that revealed GM and Ally top executives received the benefits of loosened pay restrictions contrary to the president’s pay reform plan for executives whose companies were slow in repaying TARP loans.  From the Office of the Special Inspector General for the Troubled Asset Relief Program