Some entrepreneurs are scrutinizing their banking relationships and moving their funds. smart piece by WSJ’s Ruth S… https://t.co/6aPK654NhS— 2 days 10 hours ago via@theofrancis
Just a PSA that at The Wall Street Journal we draw a clear line between news and opinion. The separation between th… https://t.co/MJflkqKIUz— 1 week 2 days ago via@theofrancis
The push for rural high-speed internet in the U.S. has run into a snag: utility poles. Smart piece by Ryan Tracy in… https://t.co/zkhc1aMOct— 1 week 3 days ago via@theofrancis
Here’s why that recession you keep hearing about is always six months away… Smart analysis by the WSJ’s Nick Timira… https://t.co/N5KTjIUAnW— 2 weeks 20 hours ago via@theofrancis
Here’s a silver lining: The pandemic pushed poorer and less-educated workers into better jobs. Smart piece by @jdla… https://t.co/Bom3jCRcmy— 2 weeks 2 days ago via@theofrancis
At a time when Enron Corp. was cutting back on its employee retirement plans to save money, executive benefits at the energy company kept getting richer.
Enron's bankruptcy may have wiped out most of the retirement savings of most of its workers. But one thing it didn't take away were the pensions of its most senior executives. Financial filings disclose that former Enron Chairman Kenneth Lay, for one, used a private partnership to protect millions of dollars worth of executive pension benefits.
Until recently, executive deferred-compensation plans largely escaped scrutiny by regulators. That changed after Enron Corp. filed for bankruptcy late last year, and court documents showed that some Enron executives had withdrawn millions of dollars from their accounts just before the Chapter 11 filing.
Last year, John R. Stafford, chairman of pharmaceutical giant Wyeth, earned $1.8 million in salary. He also was awarded a $1.97 million bonus, restricted stock valued at $724,283 and 630,000 stock options.
That much shareholders can learn from glancing at the company's proxy.