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Re: fishbait post# 82975

Tuesday, 06/16/2009 10:22:30 AM

Tuesday, June 16, 2009 10:22:30 AM

Post# of 385049
Yes, very true, fishbait. Remember the Enron fiasco? Well, Phil Gramm's wife was in charge of overseeing the company's finances as a member of its board. During her tenure, she epitomized what's wrong with corporate boards. One example was her $325K yearly salary and virtually unlimited expense account for travel (to corporate meetings, of course). As is the case with most corporate board members, she accepted and rubber-stamped the company's financial records and accounting. No questions asked. Of course, she was never held responsible, along with Lay and Skilling, for the company's failure. But she should have been, in my opinion. Two
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