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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (220351)1/20/2002 8:47:14 PM
From: E. T.  Respond to of 769670
 
I guess my problem is figuring out when it's over the line for a CEO to be telling employees to buy stock in a company whose future is precarious.

I suppose you are right, many people are responsible. But how come when the sh*t hits the fan with a company we spread the blame. And when it's glory time its the CEO's "vision" the chief's "brilliance," "genius." But if the company goes to the pits "it's market forces" or "unforseen events."



To: greenspirit who wrote (220351)1/20/2002 8:55:46 PM
From: bonnuss_in_austin  Read Replies (1) | Respond to of 769670
 
Hey, 'Michael:' How 'bout the Board of Directors?

Which, in ENE's case, includes -- to this day -- the illustrious Wendy Gramm, wife of the Senator Phil?

She has about three direct conflicts-of-interests goin' on ... and does Philip.

You got 'rationalization' on that one?

CEO reports to the Board of Directors.

Intro to Business 101 material.

bia



To: greenspirit who wrote (220351)1/21/2002 5:48:53 AM
From: E. T.  Respond to of 769670
 
The second fired employee, according to Enron, was the person who revealed in early December on the Internet that Enron had paid $55 million in retention bonuses to top managers and executives just before it filed for bankruptcy protection and laid off 4,000 workers on Dec. 2. The bonuses were sharply criticized by Enron employees, many of whom had their retirement savings wiped out by Enron's collapse. Enron declined to identify the second fired employee.

nytimes.com


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