UPDATE 1-US Treasury allowed excessive pay at TARP firms -watchdog


* "Pay czar" approved all 18 pay raises sought by companies * Watchdog: No resistance from pay czar on company requests * Special Master says pay is down from pre-TARP levels By Anna Yukhananov WASHINGTON, Jan 28 (Reuters) - The U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that it did not live up to its own rules, an internal watchdog said on ...

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