Treasury Department Denies Raises To GM CEO And Others That Still Owe Taxpayers Money

The CEOs of three companies that received large government bailouts — including two Detroit firms — will receive no pay raises in 2012, the Treasury Department's special master overseeing executive pay said Friday.

But several other senior executives for General Motors Co., Ally Financial Inc. and AIG will get raises, according to determinations released Friday by Patricia Geoghegan, the Treasury's acting special master who oversees pay for those companies.