Newsweek (I'm just quoting, don't lambaste me about liberal media) has written that the CEO is getting a $150 million golden parachute. Outrageous if true. What did he do to deserve that kind of payment?
I agree with executive-level pay in general (hey, I want to make that some day) but the amount in question is ridiculous... -----Original Message----- From: Gary P. McNeel, Jr. [mailto:[EMAIL PROTECTED]] Sent: Wednesday, December 05, 2001 00:47 To: CF-Community Subject: Well, add another black day to the list... Enron in Houston just laid off 5,000 people. Most lost their entire retirement (401K was tied to the company stock). And the big guys wal ked away with hundreds (read 2.5+) hundreds of millions of dollars. Well, business in America, capitalism and all that. Rich get richer and mid dle class take the beating. And all it gets on FOX/News is a scrolling li ttle line at the bottom of the page while a sad puppy-eyed bubble headed b leach blonde talks about OJ being in trouble again. Hello!!! Who gives a sh it? Good God man. Liberal media? Bah. Sad thing is, I believe in the principles of capitalism, only regulat ed. Unregulated it is highly destructive. Anything goes. Some of you are feeling the pinch of this even now. It will be a travesty of law and an indic tment of the business laws in this country if these men walk away with a ce nt from this. Hell, that happens in third world countries all the time. They should all go to prison - for life. Only the "corporate veil" will shield th em. 1/2 billion in money that was out and not on the books (neat little looph ole, don't own more than 50% in a company, don't show the money on the boo ks). And the Bush plan to give money back to all these poor companies that are just struggling in the current climate (what, they did not save money for a rainy day?) will be giving money BACK to Enron under the law. Ugh. Man, how many lives did these few people just trash? Right before Chr istmas (reminiscent of Exxon\Mobil merger last year) and in a down and out e conomy. Like the guy said after the S&L scam of the 80's, "I wish someone had robbed me and broken my arm. I could recover from that. I have lost everythi ng I worked a lifetime for and have no way to recover it now." (closely paraphrased). These people have too much power to affect to many live s and to little regard for those lives. I bet none of these men are loosing a minutes sleep over this. Funny, we punish the hell out of blue collar crime and reward white c ollar crime. Only... it does billions of dollars of damage annually and aff ects countless lives. Gary P. McNeel, Jr. MyKitPlane.com [EMAIL PROTECTED] http://www.mykitplane.com What's the hurry? Are you afraid I won't come back? - Manfred von Richthofen, 'The Red Baron,' last recorded words, in reply to a request for an autograph as he was climbing into the cockpit of his plane. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Get the mailserver that powers this list at http://www.coolfusion.com Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
