Turner Derides Tax Dollars for Auto Executive Salaries as Delphi Retirees Left in the Cold

Administration has Failed to Reveal how it Picked Winners and Losers amongst Americans

Congressman Mike Turner, a senior member of the House Oversight and Government Reform Committee (OGR), submitted the following statement [today] for the record as the OGR Subcommittee on Economic Growth, Job Creation & Regulatory Affairs began its hearing on “Bailout Rewards: The Treasury Department’s Continued Approval of Excessive Pay for Executives at Taxpayer-Funded Companies.”

~ the Treasury Department approving salaries in excess of $500,000 for forty-eight of the sixty-nine executives whose compensation was subject to the Administration’s approval in 2012. And on the other hand, we have tens of thousands of retirees being denied both the pensions they earned, and access to the information and documents the Administration used in making this decision. ~ The gross inequity imposed on Delphi Salaried Retirees is, by itself, unacceptable. ~

Read more... Rep. Turner's Statement for the Record