Crooked Enron Execs rippedoff $600 million+ from stock over 4 yrs

[protect freedom impeach bush now]

(likely link doesnt work, its from 2001)

NEVER heard of ANY of these monies returned
Have you ?

Bush saw to that.
All thru inaction at Ashcroft's Fed Energy cover-up Dept.



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http://www.chron.com/cs/CDA/story.hts/topstory2/1164065

Execs earned $600 million from stock over last 4 years

By NELSON ANTOSH and TOM FOWLER
2001 Houston Chronicle

Enron Corp. executives and directors earned nearly $600 million from selling company stock over the past four years, with many individuals topping $12 million in the past year alone, according to trading data.

The profits from those stock sales are at the heart of a lawsuit filed earlier this week against 29 Enron current and former executives and directors.
The plaintiff, New York-based Amalgamated Bank, alleges that the executives and directors knew the value of Enron's stock was overinflated and would eventually fall but did not share that information publicly with other shareholders.

The union-owned Amalgamated Bank manages pension funds that hold Enron stock.
Bill Lerach, of the law firm Milberg Weiss Bershad Haynes & Lerach, and the lead attorney, suggested Friday during a hearing on the lawsuit in Houston federal court that the defendants could flee the country with their millions of dollars in stock sale profits.

He also called flight risk a "more than academic possibility" and asked the court to freeze the defendants' assets.
According to trading data provided by Thomson Financial/First Call:



· Lou Pai, the former chairman of Enron Energy Services, netted the most from his stock sales so far this year, earning $33.6 million by selling more than 911,000 shares.

EDITED BY ADMIN: COPYRIGHT

more..................

[SharonAnn]

1. Stop using the word "earned". They didn't "earn" it.

I have a real problem with the word "earn" being used to describe these large amounts of money someone was paid. It gives the connotation that the person provided something of significant labor value and that it "earned" them that amount of money.

It is not "earning", nor is it "compensation" when obscenely large amounts of money are paid to corporate executives. In many cases, I think it's bribery or theft.

However, let's just be neutral and say that were "paid" that amount of money or that they "received" that amount of money.

Do not use the word "earn" to give it a positive value or connotation.