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To: mepci who wrote (168735)2/8/2002 6:21:01 PM
From: John Koligman  Respond to of 176387
 
Yeah, but as with 'campaign financing reform', you have the same people getting the cash voting on the 'reform'. Corporate boards seem to give these CEO's the bath and the water. Even IBM's Gerstner had a contract where it was specified that if fired, he gets paid for THREE YEARS. How many of you working folks out there have a deal like that??? You see any of the Enron hearings?? Board member Winokur says 'Skilling reviewed lists okaying the partnerships'. CEO Skilling says 'I don't recall that'. So, things happen, but NOBODY seems to know why, and NOBODY is responsible. The margin deal with Bernie at WCOM has been in the news for a LONG time now, this is the SECOND bailout for him. Another sign of Corporate largesse out of control in my opinion. Why in hell should a guy at his level be bailed out to the tune of several hundred mil by a company in trouble is beyond me. Of course the shareholders have to some extent voted with their feet as WCOM has been halved over the past few weeks.

Regards,
John
Regards,
John