SHARE THIS ARTICLE

An audit released Tuesday criticized the Treasury Department's decision to allow large bailout recipients to pay some executives cash salaries of more than $500,000 to keep them from quitting.

In 2009, the Treasury Department imposed pay restrictions on seven large bailout recipients under the 2008 $700 billion Troubled Asset Relief Program: General Motors Co., Chrysler Group LLC, Ally Financial Inc., AIG, Bank of America Corp., Chrysler Financial Services Inc. and Citigroup.

 



Read Article


How Much Should An Automotive CEO Earn After Seeking A Federal Bailout?

About the Author

Agent009