April 2, 2014 / 8:31 PM / 3 years ago

U.S. Treasury says pay will not increase for Ally Financial CEO

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WASHINGTON, April 2 (Reuters) - The Obama administration is holding the total compensation unchanged this year for the head of bailed-out auto lender Ally Financial, the Treasury Department said on Wednesday.

"The CEO compensation package payable by Ally Financial has not increased," the Treasury said in a statement, adding that the overall amount of compensation for the company's chief executive officer has been unchanged since 2010. (Reporting by Jason Lange; Editing by James Dalgleish)

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