PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: George Coyne who wrote (202450)	11/13/2001 8:04:10 PM
From: Mr. Whist	Read Replies (3) of 769670

This might be the biggest Big Biz obscenity of the year. (From today's online Wall Street Journal) ************************************************* "Enron Corp.'s chairman and chief executive could receive a lump-sum payment of as much as $80 million as a result of Dynegy Inc.'s plan to acquire the struggling energy company, according to a regulatory filing released Tuesday by the Securities and Exchange Commission. "Under Kenneth Lay's employment agreement, which originally extended through Dec. 31, 2003, the executive was entitled to a payment equal to the number of full calendar years remaining under his contract multiplied by $20.2 million if he terminated his employment within 60 days of a change of control." ******************************************************** In Japan, these CEO clowns whose screw-ups cause the stock to sink in price by 75% fall on their swords. Over here, they walk away with $80 million. Yeah, we need to run the federal government more "like a business."

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