Top executives at General Motors (GM) and Ally Finance (formerly GMAC, GM’s former consumer finance offspring) received “excessive” pay hikes approved by the U.S. Treasury Department, which has monitored and approved executive salaries and bonuses since the companies received $66.7 billion in taxpayer-funded bailout money. According to a report released Wednesday by the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), the Treasury Department allowed total pay packages of at least $1 million for all of the top executives at both companies. The report also says several GM executives who received a combined $3 million ... Read More
Righting Injustice is published by the Beasley Allen Law Firm. If you are interested in a free legal consultation, please take a few moments to fill out the contact form with as many details as possible. The more information you provide us, the better we can evaluate your claim.