Mississippi Business Journal » GMAC http://msbusiness.com Mississippi Business Journal Fri, 24 May 2013 20:36:00 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 State grabs $7.7M of foreclosure settlement http://msbusiness.com/blog/2012/05/27/state-grabs-7-7m-of-foreclosure-settlement/?utm_source=rss&utm_medium=rss&utm_campaign=state-grabs-7-7m-of-foreclosure-settlement http://msbusiness.com/blog/2012/05/27/state-grabs-7-7m-of-foreclosure-settlement/#comments Sun, 27 May 2012 06:01:57 +0000 Ted Carter http://msbusiness.com/?p=57627 The mortgage foreclosure fiasco has turned out to be a bonanza of sorts for Mississippi state government. Mississippi’s general fund will receive a $7.7 cash infusion from the national legal settlement state Attorney General Jim Hood and 48 other attorneys general negotiated with giant mortgage servicers Bank of America, Citi, Chase, GMAC and Wells Fargo. [...]

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]]> http://msbusiness.com/blog/2012/05/27/state-grabs-7-7m-of-foreclosure-settlement/feed/ 4 Pay czar cutting GMAC executives’ compensation http://msbusiness.com/blog/2010/03/16/pay-czar-cutting-gmac-executives-compensation/?utm_source=rss&utm_medium=rss&utm_campaign=pay-czar-cutting-gmac-executives-compensation http://msbusiness.com/blog/2010/03/16/pay-czar-cutting-gmac-executives-compensation/#comments Tue, 16 Mar 2010 13:49:44 +0000 Associated Press http://msbusiness.com/?p=20772 WASHINGTON — The Obama administration’s pay czar is reducing 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and has no strategy for repaying its $16.3 billion taxpayer bailout, according to people familiar with the negotiations. The people say only one of the 25 highest earners at [...]

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