General Motors Co. still isn’t free of government restrictions on executive pay as a result of its agreement to buy back shares owned by the U.S. Treasury, but company executives are getting something almost as good as money: Permission to use corporate jets.
GM Chief Financial Officer Dan Ammann said during a conference call that as part of its $5.5 billion agreement to buy back 200 million of the government’s 500 million shares, the feds are loosening some of the constraints on management.
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