2010 executive pay packages

Rulings on 2010 Executive Pay

On March 24, the Special Master for TARP Executive Compensation, Kenneth R. Feinberg, issued his rulings on 2010 executive pay packages for the ‘Top 25’ executives at the five firms that received and have not yet repaid exceptional assistance from taxpayers: AIG, Chrysler, Chrysler Financial, GM, and GMAC. The Special Master also released a letter requesting information on compensation paid to the ‘Top 25’ executives at each firm that received TARP assistance before February 17, 2009 to obtain information needed for the ‘look back’ review required by the Recovery Act. Press Release.