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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (1642)2/18/2002 1:55:39 PM
From: Zoltan!  Respond to of 3602
 
...Throughout the '90s, statistics have shown executive pay reaching bigger and more obscene multiples of the average employee's salary. Part of that comes from stock options, which supposedly motivate corporate chieftains to run the company well. Instead, stock options seem to inspire accounting games that help boost the stock price ever higher as top executives cash out for their own benefit.

Such schemes were caused by the Dems. The Dems made salaries over a certain level not deductible for the companies, so the companies switched compensation to favor stock options.