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Non-Tech : The ENRON Scandal
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To: opalapril who wrote (2755)2/12/2002 2:10:26 PM
From: Karen Lawrence  Read Replies (1) of 5185
 
I wonder why Ken didn't tell Linda their assets were safe before she went on tv and became the village idiot.— the use of "split-premium" life insurance policies to give executives largely tax-free compensation (you don't want to know the details) — is an even sweeter deal for executives of companies that go belly up: it shields their wealth from creditors, and even from lawsuits. Sure enough, reports The Wall Street Journal, former Enron C.E.O.'s Kenneth Lay and Jeffrey Skilling both had large split-premium policies.
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