Pay Czar Lets a Big One Slip with GMAC

The new CEO of thrice-bailed-out lender GMAC pulled down $1.2 million in pay and stock options for the 45 days he worked in 2009. Bloomberg observed that on an annual basis GMAC’s Michael Carpenter was paid roughly the equivalent of Goldman Sachs’ (GS) Lloyd Blankfein, who runs the most profitable securities firm in US [...]