Aces High Bulletin Board

General Forums => The O' Club => Topic started by: gofaster on August 13, 2002, 10:56:51 AM

Title: A new low in corporate greed...
Post by: gofaster 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.

Title: A new low in corporate greed...
Post by: Elfenwolf on August 13, 2002, 01:09:03 PM

Don't you think they deserve severance pay? After all, they've lost their jobs.

Title: A new low in corporate greed...
Post by: gofaster 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.