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

[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.