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The Boston Globe

Business

US officials argue over pay deals

Government officials argued Tuesday over whether pay is still too high for top executives at bailed-out companies like AIG, General Motors, and Ally Financial.

In a hearing before the House’s oversight committee, Christy Romero, who runs the group meant to be a watchdog over the government’s financial crisis-era bailout, argued that pay is too high. Taxpayers, she said, are depending on the government ‘‘to put a lid on’’ pay at companies ‘‘whose missteps nearly crippled the US financial system.’’ But, she said, ‘‘AIG, Ally, and GM executives continue to rake in Treasury-approved multimillion-dollar pay packages.’’

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