Bigwigs Can Reap Millions From Bankruptcies

[Amonester]

Executives, Lawyers Can Draw Huge Pay Even as Employees Get Laid Off in Cost Cutting
ABC News

April 30, 2006 - ...

<snip>
When Sony Wilson was laid off by Enron in 2001, she lost not only her job, but $800,000 from her 401(k).

...

But even as the company laid off over 4,500 employees like Wilson, Enron began paying lawyers, accountants, and consultants what would amount to more than $750 million.

...

Brian Rosen, an Enron bankruptcy attorney, said people shouldn't be outraged when they hear about the numbers involved, "because they need to take a look at the bigger picture about how many jobs were saved, how much money or value is being provided to creditors."

...

It isn't just lawyers and advisors who profit when a big company goes bankrupt. It is increasingly common for top executives to make millions even while their companies lay off workers and lose billions of dollars.

</snip>

http://abcnews.go.com/WNT/Business/story?id=1907824&page=1

So, how many of the$e crook$ are in Bu$ler's haves 'n havemore$' base? :shrug:

:grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr:

[rpannier]

1. That's sick and twisted. nt

[Erika]

2. That's today's GOP n/t

[salin]

3. Yet during this same time frame, Congress passed harsher

bankruptcy laws on individuals - one with no exceptions or easing of rules for those who fall victim to natural disasters, or whose bankruptcies are caused by unexpected catastrophic illnesses. And some of the population still believes that the GOP has their interests at heart. :crazy:

[salin]

4. Yet during this same time frame, Congress passed harsher

bankruptcy laws on individuals - one with no exceptions or easing of rules for those who fall victim to natural disasters, or whose bankruptcies are caused by unexpected catastrophic illnesses. And some of the population still believes that the GOP has their interests at heart. :crazy: