fw : an article from cbs . marketwatch . com look at this !
- - - - - original message - - - - -
from : john . lohman @ bakerhughes . com [ mailto : john . lohman @ bakerhughes . com ]
sent : tuesday , november 13 , 2001 10 : 34 am
to : tlohman @ enron . com
subject : an article from cbs . marketwatch . com
this story was sent to you by john . lohman @ bakerhughes . com with these comments :
just saw this . hun
from cbs . marketwatch . com , online at :
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11 : 02 am et nov 13 , 2001 latest market overview
enron ' s lay could get $ 80 m from deal
by leticia williams , cbs . marketwatch . com newswatch
more headlines
washington ( cbs . mw ) - - as enron and dynegy await approval from regulators on the companies ' proposed $ 9 billion merger , enron chief executive kenneth lay finds himself in an enviable position .
lay ' s employment agreement with enron , which is set to expire dec . 31 , 2005 , allows the executive to terminate his employment with the company 60 days prior to the dynegy merger and receive a lump - sum payment of up to $ 80 . 8 million , according to a regulatory filing tuesday .
according to the terms of the employment contract , if lay quits before a change of control at the company , he is entitled to a lump sum payment equal to the number of years left in his contract multiplied by $ 20 . 2 million .
the agreement also allots an amount to lay for any tax - related penalties if the lump - sum payment is held to constitute an " excess parachute payment , " according to the securities and exchange commission filing .
lay ' s original employment agreement with enron was amended in august when he became ceo after jeff skilling resigned .
enron ' s ( ene ) shares fell 4 cents to $ 9 . 20 in recent trading .
leticia williams is a reporter for cbs . marketwatch . com in washington .
11 : 34 am et nov 13 , 2001
djia 9692 . 69 + 138 . 32
nasdaq 1883 . 75 + 43 . 62
sp 500 1134 . 29 + 15 . 96
10 yr
front page news
u . s . investors show enthusiasm by snapping up stocks
report : taliban abandons kabul
oracle issues quarterly warning
infineon sees more losses , shares rise on pc hopes
intraday data provided by s & p comstock and subject to terms of use .
historical and current end - of - day data provided by ft interactive data .
.
fw : an article from cbs . marketwatch . com
look at this !
- - - - - original message - - - - -
from : john . lohman @ bakerhughes . com [ mailto : john . lohman @ bakerhughes . com ]
sent : tuesday , november 13 , 2001 10 : 34 am
to : tlohman @ enron . com
subject : an article from cbs . marketwatch . com
this story was sent to you by john . lohman @ bakerhughes . com with these comments :
just saw this . hun
from cbs . marketwatch . com , online at :
cbs . marketwatch . com
quotes & news
symbol / fund / keyword
find symbol
11 : 02 am et nov 13 , 2001 latest market overview
enron ' s lay could get $ 80 m from deal
by leticia williams , cbs . marketwatch . com newswatch
more headlines
washington ( cbs . mw ) - - as enron and dynegy await approval from regulators on the companies ' proposed $ 9 billion merger , enron chief executive kenneth lay finds himself in an enviable position .
lay ' s employment agreement with enron , which is set to expire dec . 31 , 2005 , allows the executive to terminate his employment with the company 60 days prior to the dynegy merger and receive a lump - sum payment of up to $ 80 . 8 million , according to a regulatory filing tuesday .
according to the terms of the employment contract , if lay quits before a change of control at the company , he is entitled to a lump sum payment equal to the number of years left in his contract multiplied by $ 20 . 2 million .
the agreement also allots an amount to lay for any tax - related penalties if the lump - sum payment is held to constitute an " excess parachute payment , " according to the securities and exchange commission filing .
lay ' s original employment agreement with enron was amended in august when he became ceo after jeff skilling resigned .
enron ' s ( ene ) shares fell 4 cents to $ 9 . 20 in recent trading .
leticia williams is a reporter for cbs . marketwatch . com in washington .
11 : 34 am et nov 13 , 2001
djia 9692 . 69 + 138 . 32
nasdaq 1883 . 75 + 43 . 62
sp 500 1134 . 29 + 15 . 96
10 yr
front page news
u . s . investors show enthusiasm by snapping up stocks
report : taliban abandons kabul
oracle issues quarterly warning
infineon sees more losses , shares rise on pc hopes
intraday data provided by s & p comstock and subject to terms of use .
historical and current end - of - day data provided by ft interactive data .
.
