HEY, GRAY, LOOKIE HERE: Enron and Friends Profiteered on CA Energy Crisis (2001 Backstory)

The Orange County Register ^ | 5/5/01 | By Chris Knap

[Robert357]

My, that is quite a political cartoon of the Education Bond!

"If you could spray dye on dollars and trace them through, you would see pipelines out of Houston carrying energy and pipelines coming back carrying dollars," said Graef Crystal, a former executive pay consultant to Fortune 500 companies who now writes and lectures on executive compensation ..

One of the things that seems to be totally lost in most of the energy crisis discussions is that California use to be a major supplier of natural gas and oil. Part of the problem during the "energy crisis" was that California was competing with the PNW for scarce Canadian natural gas and other states for scarce Texas natural gas.

Maybe someone during the political debates should point out the impact of California's oil & gas exploration policies on the State's economy? Inquiring minds do want to know.

[breakem]

"But Crystal made an exception for Lay, whom he classed with a group of executives, including Disney's Michael Eisner and Citigroup's Sanford Weill, who have earned $100 million a year, even if their companies have performed poorly."

What a wonderful world.

[Liz]

......." Lay,....classed with a group of executives, including Disney's Michael Eisner and Citigroup's
Sanford Weill, who...earned $100 million a year, even if their companies have performed poorly......"

As yet to be explored is the impact of these gargantuan exec payloads not only on shareholders and stock
prices but on consumers. Corporations normally pass on to its customers the costs of doing business.

That means working class families with 3-4 kids in tow get stuck paying an arm and a leg to get into Disney
parks as Eisner greedily sucks-up his gross salary plus perks - even while his company is losing money.

And don't forget how "tolerant and compassionate" Eisner, Lay and Weill are. What phonies.

[breakem]

For a hundred mil I'll dazze the world with my tolerance and compassion, as long as I don't have to show profits. : )

[Liz]

ROTFLMCO. Now that's funny. ......at the expense of phony-fathead Eisner et al.

Good for you!!

[GOPJ]

Old time Disney rant...