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  GMAC LLC
Last updated: 19:36:47 Wednesday Dec 30, 2009


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  • AP Source: Gov't moves closer on fresh aid to GMAC
    WASHINGTON - The government was moving ahead Wednesday on a fresh multibillion dollar cash infusion to stabilize auto financing company GMAC Financial Services, according to a person with knowledge of the matter.   Activities:2008 U.S. Financial Rescue   Source:(AP)   2009-12-30

    Pay czar poised for next wave of rulings
    NEW YORK/WASHINGTON (Reuters) - The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggle to get out from under his thumb.   Activities:2008 U.S. Financial Rescue   2009-12-10

    Pay czar vows to rework AIG bonuses
    WASHINGTON (Reuters) - Renegotiating bonuses to American International Group employees is a "top priority," the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.   Activities:2008 AIG Crisis   Source:(Reuters)   2009-10-28

    U.S. cuts pay at bailed out firms, BofA hits back
    WASHINGTON (Reuters) - The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.   People:Barack Obama   Activities:2008 U.S. Financial Rescue   2009-10-22

    Administration plans big pay cuts at bailout firms
    WASHINGTON - The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.   Activities:2008 U.S. Financial Rescue   Source:(AP)   2009-10-21

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