|
Enron : Climax of executive greed and deception
Page entitled :
Enron's collapse and bankruptcy
Content of this page is about :
How Enron collapsed after the revenge of the Raptors, causing deep losses to
employees and investors, while the top managers tried to escape unscathed,
in vain.
Extract :
... In a move curiously similar to the cajoling of the investment
bankers who are largely responsible for the present financial crisis, Enron
paid performance and retention bonuses ranging from $200’000 to $8 million
to executives and traders, a total cash outlay of $310 million for 144 “key”
employees who had already cashed in stock options worth $312 million in 2001
. Rank of file employees were dismissed with a severance check of $4500,
while their (401k) life savings, which had mostly been invested in Enron
stock, ...
…
|
|
