Treasury freezes pay for CEOs at Ally Financial, GM, AIG

CEO of AIG Robert Benmosche speaks during an interview with Reuters in the garden of his Adriatic sea-front villa in DubrovnikWASHINGTON (Reuters) - The chief executives of General Motors , AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the Treasury Department after they got “exceptional” bailout help during the financial crisis. The Treasury said on Friday that all three were making progress at repaying the taxpayer funds given to them to keep them from collapsing during the 2007-2009 financial crisis but their pay practices remain under scrutiny of a “special master” until they do pay it back. …

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