Posted on October 22, 2009 by Hunton & Williams LLP Print This Article

TARP Executive Compensation Special Master Issues First Rulings

Special Master for TARP Executive Compensation Kenneth R. Feinberg announced his compensation package determinations for top executives at firms receiving significant TARP assistance. The announcement impacts the five most senior executive officers and the next twenty most highly compensated employees at each of the following: American International Group, Inc. (AIG); Citigroup Inc.; Bank of America Corporation; Chrysler Group, LLC; General Motors Company; General Motors Acceptance Corporation Financial Services (GMAC) and Chrysler Financial.

Click here for the press release detailing the determinations, and click here for the letters sent by the Treasury Department to each of the firms.

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