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Special Master Issues 2010 Rulings for 'Top 25' Executives at Firms Receiving Exceptional Taxpayer Assistance

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Special Master Issues 2010 Rulings for ‘Top 25’ Executives at Firms Receiving Exceptional Taxpayer Assistance and ‘Look Back’ Letter on Review of Pre-Recovery Act Compensation, March 23, 2010

  • “Today, 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 remaining firms that received exceptional assistance from taxpayers: AIG, Chrysler, Chrysler Financial, GM, and GMAC. Because Bank of America and Citigroup repaid their exceptional assistance, they are not subject to the Special Master’s 2010 rulings. 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.”
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