maandag 14 december 2009

Former Enron employees claim their share


A team of lawyers managed to recover the bonuses, paid to Enron executives and traders right before the bankruptcy. Enron employees who were fired after the bankruptcy will be compensated with part of the money. Some $30 million has been claimed back by the lawyers. The amount was wrongfully paid as ‘retention’ bonuses for the executives, a short time before Enron went bankrupt. It will probably take some time before the employees get their money, as it will take several years of work to divide the money properly. After all the workers have been compensated, the remaining funds will be dispersed.

Filip De Geyter

Source: Chron

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