Enron Board in Houston Gets Hefty Pay Raise

Enron Board in Houston Gets Hefty Pay Raise

From the article:

The five-member Enron board has approved raises for themselves that will up their pay by as much as one million dollars.

The Houston-based company revealed the move in a filing with the New York bankruptcy court that oversaw its reorganization last year. According to the filing, the Enron board said it voted to increase its compensation retroactively to the beginning of June.

It raises the annual salary of Enron Chairman John Ray the third from 200-thousand dollars to one-point-two million dollars.