AIG, Ally Execs Earned $475M Since Bailout

NEW YORK (TheStreet) -- The top 25 executives at AIG and Ally Financial have earned roughly $475 in cash and stock from 2009-2011, according to a report released Tuesday by the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). The compensation for executives at the two financial companies, both more than 70% owned by the U.S. Treasury following multibillion dollar taxpayer bailouts compares to about $160 million at General Motors, still 32% owned by the government, and about $45 million at Chrysler Group, which the government exited in July. CEO Robert Benmosche has earned $31 million in compensation leading AIG since August 2009 The numbers are included in a report entitled "The Special Master's Determinations for Executive Compensation of Companies Receiving Exceptional Assistance Under TARP," which looks at efforts by "pay czar" Kenneth Feinberg to control executive compensation at companies extraordinary government support, over and above the $25 billion that went to "healthy" institutions such as JPMorgan Chase and Wells Fargo. ... Click to view a price quote on AIG. Click to research the Insurance industry.

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