Share
Share today's newsletter with a colleague and get credit if they sign up for SmartBrief.
Referral Count:
 
0

Story being shared
SIGTARP: Treasury ignored rules for pay at rescued firms
The U.S. Treasury Department disregarded its guidelines for executive compensation at government-rescued companies when it approved millions of dollars in raises last year at Ally Financial, American International Group and General Motors, according to a report by the Office of the Special Inspector General for the Troubled Asset Relief Program. The report says Patricia Geoghegan, the Treasury's acting special master for compensation, circumvented procedures aimed at keeping pay at the midpoint of similar companies.

Or we can send an email on your behalf
You must submit valid email addresses only. Use of email addresses is subject to terms of SmartBrief's privacy policy .