The bots are alright? Heard on the Street: Elon Musk’s new Twitter diligence is as questionable as the bots he want… https://t.co/9BUzva0amo— 7 hours 26 min ago via@theofrancis
Wow: Allianz SE subsidiary (U.S.) agrees to pay more than $6 billion in penalties, restitution. https://t.co/DmnEa0grnk— 1 day 3 hours ago via@theofrancis
Now with a link to the verdict itself: A state judge struck down a 2018 California law requiring companies in the s… https://t.co/9pS9jRx2bM— 1 day 22 hours ago via@theofrancis
CEO pay today: Half made more than $14.7 million in 2021. Nine got pay packages of $50+ million, sometimes much mor… https://t.co/uxljOPokiX— 3 days 5 hours ago via@theofrancis
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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.
At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay.