Executives, Lawyers Can Draw Huge Pay Even as Employees Get Laid Off in Cost Cutting
ABC News
April 30, 2006 - ...
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When Sony Wilson was laid off by Enron in 2001, she lost not only her job, but $800,000 from her 401(k).
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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 $750 million.
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Brian Rosen, an Enron bankruptcy attorney, said people shouldn't be outraged when they hear about the numbers involved, "because they need to take a look at the bigger picture about how many jobs were saved, how much money or value is being provided to creditors."
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It isn't just lawyers and advisors who profit when a big company goes bankrupt. It is increasingly common for top executives to make millions even while their companies lay off workers and lose billions of dollars.
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http://abcnews.go.com/WNT/Business/story?id=1907824&page=1So, how many of the$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: