EXCERPT:
......"pay packages were well-deserved and reflect the returns enjoyed by shareholders......."
(Ed. Sure. Like all those shareholders that "profited" from Enron.)
"No energy executive made more last year (2000) than Kenneth L. Lay, chairman of Houston-based Enron Corp. Lay collected $141.6 million in salary, bonuses and stock, a 184 percent increase over 1999."
"Enron, the nation's largest wholesale energy marketer, sells both natural gas and electricity in California. Enron also paid CEO Jeffrey K. Skilling $72.6 million and Enron Wholesale chief Mark A. Frevert $35.8 million."
"It's an involuntary transfer of wealth from the California consumers to Ken Lay and his cohorts. There's nothing illegal about it. But it doesn't make the people of California feel very good."
![]() Enron_List: for Enron_List articles. Other Bump Lists at: Free Republic Bump List Register |
Let me know what ya'll think about THIS one (just found it today).......
Enron:Facing The Music
http://cagle.slate.msn.com/mondo/MondoEnron.asp
12/10/01In a complete turn of events from a year ago, the State power authority has announced that it is prepared to supply up to 1,200 megawatts of power to direct access customers of Enron, should the company not be able to make the deliveries of power after filing for bankruptcy. Two of Enrons largest direct access customers within California are the University of California and the California State University system.
The UC and CSU have said that through direct access contracts with Enron, they have saved tens of millions of dollars over the past three years.
State power officials believe that the Enron default might help the state pay off the huge debts is has built as many of Enrons direct access customers will now have to buy their power from the state.
What a wonderful world.