FYI, from the Financial Times.
Dennis Paull
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Date: Fri, 02 Aug 2002 10:02:18 -0400
Subject: IP: Financial Times uncovers corporate scandal
From: Dave Farber <[EMAIL PROTECTED]>
To: ip <[EMAIL PROTECTED]>
Which senior executives have reaped millions as their companies have gone broke?
Click on the link below for our special report on the Barons of Bankruptcy:
http://www.ft.com/barons <http://tm0.com/Barons/sbct.cgi?s=460087434&i=612616&m=3&d=2955590>
Dear Reader,
An FT investigation into the recent collapse of 25 large US corporations has found their top management amassed $3.3bn from share sales, payoffs and other rewards during the period 1999 to 2001. Eliot Spitzer, the New York State attorney general, has responded to the FT's findings by announcing that he is investigating the legality of stock options and other compensation awarded to chief executives of now bankrupt companies.
Find out who made those fortunes and how, even as their companies headed for bankruptcy. Plus, what lessons can be learned by regulators, managers and investors?
FT.com's analysis includes an exclusive table of the 61 executives and directors who each collected $10m or more from companies that have filed for bankruptcy since January 2001.
Put today's scandal into historical perspective and air your views on executive remuneration in our online discussion.
Click on the link below to find out who got rich while corporate America crashed:
http://www.ft.com/barons <http://tm0.com/Barons/sbct.cgi?s=460087434&i=612616&m=3&d=2955591>
Kind Regards
Andrew Gowers
Editor, Financial Times
