•In1999LaywasoneofAmerica'shighest-paidCEOswitha$42.4millioncompensationpackage.•Layliquidatedmorethan$300millioninEnronstockfrom1998to2001,mostlyinstockoptions.benjamin.xiao@yahoo.com ·2·•EarnedhisMBAfromHarvardBusinessSchoolduring1979,graduatinginthetop5%ofhisclassasaBakerScholar.•Asaconsultant...
While all of the above had been going on, Sandy Weill, the Chairman and CEO of Citigroup, had amassed a fortune from the bank through a technique that compensation expert Graef “Bud” Crystal called the Count Dracula stock option plan. You cou...