Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, March 23, 2010

TARP Special Master Issues Rulings on 2010 Executive Pay for 5 "Exceptional Assistance" Firms

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.

http://lawprofessors.typepad.com/securities/2010/03/tarp-special-master-issues-rulings-on-2010-executive-pay-for-5-exceptional-assistance-firms.html

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