Author Topic: A new low in corporate greed...  (Read 168 times)

Offline gofaster

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A new low in corporate greed...
« on: August 13, 2002, 10:56:51 AM »
But this time its the executives trying to grab the cash from the corporation...

http://story.news.yahoo.com/news?tmpl=story&u=/nm/20020813/bs_nm/enron_bankruptcy_dc_1

I suspect the bankruptcy judge is going to dismiss the claims as unfounded, and rightly so.  The creditors have probably already started their letter-writing campaign.

Offline Elfenwolf

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A new low in corporate greed...
« Reply #1 on: August 13, 2002, 01:09:03 PM »
Don't you think they deserve severance pay? After all, they've lost their jobs.

Offline gofaster

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A new low in corporate greed...
« Reply #2 on: August 13, 2002, 02:09:57 PM »
At some point, they cease being corporate property once they're in a position to make decisions that impact the direction the company will go.  The upper tier of management has to take responsibility for making bad decisions.  They received their compensation during their tenure.  A CFO, CIO, and CEO are different animals than secretaries, customer service reps, salesmen, support personnel, and R&D technicians.