The Taxpayers' $9 Million CEOs: Think of Them As an Investment
News that the Treasury Department had frozen or reduced executive salaries at companies bailed out under TARP prompted a range of reactions, but here's one you probably didn't hear.
News that the Treasury Department had frozen or reduced executive salaries at companies bailed out under TARP prompted a range of reactions, but here's one you probably didn't hear.
During the past month, AIG stock fell nearly 10% drop after an announcement that the government would sell some of its stake in the insurance giant. The Treasury's ownership in the company has declined from 92% to 77%, but the prospect of its future sell-offs are holding the stock down.


