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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (179586)7/13/2002 10:19:46 AM
From: Giordano Bruno  Read Replies (1) of 436258
 
Senator Urges Change in How Stock Options Are Handled

nytimes.com

In other action in the Senate, lawmakers approved an amendment today to the Sarbanes bill by Charles E. Schumer, the New York Democrat, that would block executives from receiving large personal loans from their own companies. Such loans contributed to the collapse of Adelphia Communications, which had guaranteed $3.1 billion in loans to the founding Rigas family.
"Why can't these corporate executives go to the bank like everybody else," Mr. Schumer said.
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