This story appeared in Bank Digest.
The Acting Special Master for TARP Executive Compensation, Patricia Geoghegan, has released 2014 compensation determinations for the "top 25" executives at Ally Financial (formerly GMAC), the last remaining company that received exceptional Troubled Asset Relief Program (TARP) assistance. Six recipients of exceptional assistance--AIG, Bank of America, Chrysler, Chrysler Financial, Citigroup, and GM--have now exited TARP, and, to date, Ally has repaid approximately $15.3 billion, or 89 percent, of the $17.2 billion investment provided to it. Taken together, the original seven companies under the Office of the Special Master's jurisdiction have returned the $352 billion in total assistance provided, plus an additional positive return to date of more than $23 billion.