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<blockquote data-quote="texan" data-source="post: 959020" data-attributes="member: 38206">Government freezes GM CEO&#039;s pay.NEW YORK (CNNMoney) -- The Treasury Department announced Friday that it has frozen the pay of top executives at&nbsp;the three firms still on the hook for &quot;exceptional assistance&quot; from TARP.The pay freeze will be particularly hard to take for management at GM, which earlier this year&nbsp;reported very strong profits.GM reported a <a href="http://money.cnn.com/2012/02/16/news/companies/gm_earnings/index.htm?iid=EL" target="_blank">record annual profit</a> attributed to common shareholders of $7.6 billion in February. Meanwhile, the company&#039;s stock has risen 22% since the start of 2012. <a href="http://money.cnn.com/2012/04/06/news/economy/treasury-gm-pay/" target="_blank">Government freezes GM CEO&#039;s pay at 2011 levels - Apr. 6, 2012</a></blockquote>

[QUOTE="texan, post: 959020, member: 38206"] [B]Government freezes GM CEO's pay. NEW YORK (CNNMoney) -- The Treasury Department announced Friday that it has frozen the pay of top executives at the three firms still on the hook for "exceptional assistance" from TARP. The pay freeze will be particularly hard to take for management at GM, which earlier this year reported very strong profits. GM reported a [URL="http://money.cnn.com/2012/02/16/news/companies/gm_earnings/index.htm?iid=EL"]record annual profit[/URL] attributed to common shareholders of $7.6 billion in February. Meanwhile, the company's stock has risen 22% since the start of 2012. [url=http://money.cnn.com/2012/04/06/news/economy/treasury-gm-pay/]Government freezes GM CEO's pay at 2011 levels - Apr. 6, 2012[/url] [/B] [/QUOTE]

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