According to a new report, the Treasury Department approved large raises and bonuses for executives at AIG, General Motors and Ally Bank despite all having accepted government bailout money. The terrible perks of failure.
According to a new report, the Treasury Department approved large raises and bonuses for executives at AIG, General Motors and Ally Bank despite all having accepted government bailout money. The terrible perks of failure.
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It is essentially impossible for corporate executives to lose however they chose to conduct business. It does not seem that any amount of fraud or greed will even affect their pay.