The Treasury announced on April 6 that the chief executives of AIG, Ally Financial and General Motors would have their compensation packages frozen for a second year in a row, essentially keeping their compensation at 2011 levels.

The compensation freeze arose out of the 2007-2009 financial crisis when the government injected taxpayer-financed funds into the companies as part of the Troubled Asset Relief Program (TARP).

AIG's top executive will receive total direct compensation (a mix of cash, stock and future stock option) of $ 10.5 million while Ally Financial's leader will receive $9.5 million and GM's chief executive will receive $ 9 million.

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