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And here we see The Enron Effect in action: The five-member Enron Board, chosen by creditors to oversee the reorganisation of the financially mismanaged company, have voted themselves massive pay raises.

The smallest raise doubles three of the salaries to 300K a year. The Vice-chairman almost triples his 150K to 420K, and the chairman voted himself a sextupling raise, from 200K / year to 1,200K / year.

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Date: 2005-07-15 12:28 pm (UTC)
From: [identity profile] unnamed525.livejournal.com
I want to give myself a payraise. I deserve it.

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