News Article

Congress Criticized Compensation Offered to Taxpayer-Assisted Companies

Via » Submitted On Wed, 02/27/2013 - 10:54am by JOE W.

Republicans boiled over at the congressional hearing held yesterday, regarding the pay for top executives at taxpayer-assisted companies.

The debate started with a inspector general’s report in which he criticized compensation received by top executives and GM, Ally Financial and insurance giant AIG. This lead to the House Oversight and Government Reform subcommittee hearing, which took place one day after GM denied report that it asked a $2-million pay increase for its CEO Dan Akerson.


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