IP: Financial Times uncovers corporate scandal

[Dave Farber <dave () farber net>]

Which senior executives have reaped millions as their companies have gone
broke? 
Click on the link below for our special report on the Barons of Bankruptcy:
http://www.ft.com/barons
<http://tm0.com/Barons/sbct.cgi?s=460087434&i=612616&m=3&d=2955590>

 

Dear Reader,

An FT investigation into the recent collapse of 25 large US corporations has
found their top management amassed $3.3bn from share sales, payoffs and
other rewards during the period 1999 to 2001. Eliot Spitzer, the New York
State attorney general, has responded to the FT's findings by announcing
that he is investigating the legality of stock options and other
compensation awarded to chief executives of now bankrupt companies.

Find out who made those fortunes and how, even as their companies headed for
bankruptcy. Plus, what lessons can be learned by regulators, managers and
investors?

FT.com's analysis includes an exclusive table of the 61 executives and
directors who each collected $10m or more from companies that have filed for
bankruptcy since January 2001.

Put today's scandal into historical perspective and air your views on
executive remuneration in our online discussion.

Click on the link below to find out who got rich while corporate America
crashed: 
http://www.ft.com/barons
<http://tm0.com/Barons/sbct.cgi?s=460087434&i=612616&m=3&d=2955591>

 

Kind Regards

 

Andrew Gowers 
Editor, Financial Times