Parting could be sweet sorrow for Sprint CEO

Article Abstract:

Sprint Corp Chief Executive William Esrey stands to receive $470 million should the deal between his company and MCI WorldCom become a reality. This is because the change-of-control principle, which sees top executives of acquired firms depart from their posts, will allow Esrey to reap a huge amount of money through stock options. Industry experts see the logic of the payout since Sprint's stock grew by over 2,550% since he came into the firm.

Wired Telecommunications Carriers, Long Distance Telephone Svc, Sprint Corp.

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Bear market didn't bite Wall Street elite

Article Abstract:

The salaries of CEOs of major Wall Street investment bankers and brokerages increased in 2000 despite generally lower revenues for the year. Among the executives who received higher compensation for the year were Merrill Lynch CEO David Komansky, Lehman Bros CEO Richard Fuld, Bear Stearns CEO James Cayne and Morgan Stanley Dean Witter CEO Philip Purcell. Some of the CEOs who took pay cuts were Goldman Sachs' Henry Paulson and Charles Schwab.

Employee Compensation

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Enron CEO exits without opening golden parachute

Article Abstract:

Outgoing Enron Corp. CEO Kenneth Lay said he has declined to take an $80.8 million payout after listening to employee concerns about the company's financial troubles.

Natural Gas Distribution, Gas transmission and distribution, Gas Transmissn & Distributn, Gas industry, Enron Corp., ENE

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