Those bastards

[pegkerr]

About 20,000 Enron former employees will split an $85 million insurance settlement to partially reimburse them for the losses they suffered when the Enron stock in their retirement plans went belly up because of the financial chicanery of Enron Chairman Kenneth Lay and former Chief Executive Jeffrey Skilling.

The two executives wanted the money (all $85 million, presumably) to go to the two of them. To pay for their legal defense. Read more here.

Bastards.

Comments

[rachet.livejournal.com]

Things like this makes my blood boil.

Bastards

[psychic-serpent.livejournal.com]

Lord. At a time like this "bastards" doesn't begin to touch this level of evil. A new word needs to be invented for people like this.

[mckitterick.livejournal.com]

OMG.

I read somewhere that corporate CEO-ism is today's acceptable sociopathology outlet. More proof.

Chris

[bohemianspirit.livejournal.com]

Wankers.

I want revolution, and I want it now.

And speaking of Enron, I heard the new documentary about them, showing at the Uptown, is good. If I remember, I will go see it this weekend, or sometime soon.

[pixelfish.livejournal.com]

Jeebus. I can't believe their gall.

The sad thing is...the 85 million dollars isn't going to go very far when you actually divide it between all the employeeswho merit it--each employee will score barely over 4000 dollars. Not much of a retirement.

For Lay and Skilling to try and carve out any more from those employees, that's just the height (or depths) of bastardy behaviour.

[pixelfish.livejournal.com]

Actually, upon re-reading, it seems that the proportions of the settlement will be proportional--which is the logical way to divide things up. But still...if those bastards get any, that's just adding insult to injury.