The U.S. Treasury Dept. hands down additional guidelines for executive compensation at companies saved by taxpayer dollars, underscoring the need for General Motors Co. to execute its turnaround quickly and get out from under government control. “Long term, it distorts a company’s ability to recruit and retain talent,” says Charles Tharp, vice president of planning at the Center for Executive Compensation, a Washington-based lobbyist for corporate human-resources departments. “This clearly ...

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