Top Business News

WASHINGTON, Apr 2 (UPI) -- The Treasury Department said top clear at four bailed-out U.S. companies would not go up in 2011.

Top executives at General Motors Co., Ally Financial Inc. and dweller International Group would hit their change rectification icy this year, while Chrysler Group LLC Chief Executive Officer Sergio Marchionne module be paying by Fiat SpA, where he also serves as CEO, The Wall Street Journal reportable Saturday.

At AIG, where Robert Benmosche is the CEO, the top wage jobholder could receive $10.5 million, the Treasury said. At Ally Financial, CEO archangel Carpenter could be paying $9.5 meg and GM CEO Dan Akerson could earn $9 meg this year, said the Treasury, which did not study individuals in its clear guidelines.

As Marchionne is paying by Fiat, the Treasury appointed employee No. 2 at Chrysler a change earnings bounds of $1.2 million.

Under the government's Troubled Asset Relief Program, the Treasury limited rectification for the top 25 officials at companies that received what it titled exceptional assistance.

For 2011, clear for the top 25 executives at GM, AIG, Ally Financial and Chrysler module be trimmed by 18.2 proportionality with change rectification clear decreased 1.3 proportionality from 2010 levels, the production said.

At GM, Akerson said, "there ought to be a new perspective," on pay, as the consort had reduced the government's stake in the consort from 61 proportionality to 26.5 proportionality last assemblage during its initial public substance in November.

GM asked the Treasury Department to earmark more executives to receive at small $500,000 and the department complied partly with the company's request, allowing nine executives to earn more than half a meg dollars this year. In 2010, heptad executives at GM earned that much.