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Stock options for CEOs a terrible mistake
In the year before Enron filed for bankruptcy Kenneth Lay and more than 140 top officials received about 310 million in direct pay and incentives. Court documents show 434.5 million gains from exercising stock options and stock received. Experts say executive stock option practices misaligned with long term company health and fuelled short term gains.
MENTIONED IN THIS ARTICLE
New York
Enron Corp
Kenneth Lay
Enron
Tives
Phil Cochran
Center For the Study of Business and
Pennsylvania State University
Cochran
Tiaa-Cref
Bertsch
Charles Elson
Center For Corporate Governance
University of Delaware