AMAZING...........Four of the six highest-paid executives in Houston are from Enron. But the highest-paid Enron executive is not Chairman Ken Lay.
In fact, Lay made less money than three of his lieutenants because he received far fewer stock options.
For example, Kenneth Rice, chairman and chief executive officer of Enron Broadband Services, one of Enron's business units, received more than twice as many options as Lay and Jeff Skilling, Enron's chief executive officer and president.
Consequently, Rice was the second-highest-paid executive in Houston, taking home $47,375,588 in 2000. Lay, who was the sixth-highest-paid executive, earned $35,665,037. |
