Copyright © 2008 Ed BagleyWhen you understand that the average CEO in America makes 400 times what the average worker makes, you could get upset. When you have an environment where chief executive officers of companies can rack up a pitiful financial performance and still continue to rake in millions of compensation for being essentially incompetent, it is even more upsetting. What are we to do?Now imagine if you were a stockholder of that same company as well as an average American worker. Many employees do put a part of their 401K retirement investment funds into stocks of the company they work for, or another company. Now imagine that you are an Enron employee. Go ahead, get really upset.If you worked for Enron you would already know what I am about to share with you.Enron was an American energy company before its bankruptcy in late 2001. Enron claimed to be one of the world’s leading electricity, natural gas, pulp and paper, and communications companies, claiming revenues of $111 billion in 2000.Using the words “claimed” and “claiming” in the prior sentence was not an accident. Enron was about to explode. Enron executives had fooled a lot of investors. Even the prestigious […]
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