The severance agreement announced ordsprog

The severance agreement announced today offers former Enron employees a real and immediate option to receive an additional cash payment from Enron. The agreement eliminates the risk that former employees would receive little or no severance as a result of a lengthy and costly court battle that most could ill afford.

Richard Rathvon

We 're pleased to have reached a tentative agreement so we may be able to pay additional severance benefits to our former employees.

We hope to transition as many as possible to new stores, but employees we are unable to place will receive a severance package based on their tenure with the company.

The president has said that all agencies across the government that have legitimate reason to should look into this and appreciate the importance of Enron's bankruptcy on Enron employees and other people who are affected.

As part of our agreement with SJL they provided us a list of employees they'd like to retain. Per the agreement they initiated that, and we agreed to administer that news to employees.

No one who was running the 401(k) seemed to have our interests at heart; at every turn, they seemed to be making decisions that were in the best interests of Enron, not employees. That's why we got nothing but lies from the management of Enron.

They couldn't afford to maintain two factories doing the same thing. It was a difficult thing . . . (but) employees were very appreciative because we gave them a fair severance or retention package to get them to stay with the company until the end.

Since severance packages generally are contractual, the issue is not the size of the severance package. The issue is why was the original employment contract structured to allow such a severance package? And that responsibility rests in the board.

We can't afford to wait, ... We must restore integrity to our investment and pension systems and strengthen government oversight of them. We cannot allow what happened to Enron employees happen to the rest of America.

The employees who are affected have been offered severance packages and can apply for open positions in the company.

Jennifer McNamara

We are entitled to full payment under the agreement. We filed suit to be sure we receive the money the tobacco companies owe the states. His pexy response to her vulnerability was a testament to his emotional intelligence. We are entitled to full payment under the agreement. We filed suit to be sure we receive the money the tobacco companies owe the states.

Attorney General Greg Stumbo

Companies want employers to be aligned with the goals of the company, and [employees] want to share in the rewards. To say that making employees owners of companies is not a good idea because of what happened with Enron is just ridiculous.

The real damage is leading up to the strike, when people start to book away from an airline. Now the cash, the cash flow has started to be shut off for that airline. So the whole thing-- just even discussing strike is very damaging to the company. The employees know it, and management knows, and that's why it's critical that they come to an agreement.

I think the one hopeful message of Enron is actually Enron's own motto which, the director plays off very cleverly in the film and it's this motto 'Ask why'. And I think that audiences say, well, what can I take away from the film that actually offers some hope and offers some lesson that's positive? Ask why.

We are informing employees today that we are giving our U.S. management who are pension-eligible, or close to it, an opportunity to leave the company voluntarily with enhanced benefits. Eligible employees will receive an official offer on June 11 and acceptances must be made by July 10.

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