<Report Finds Directors Approved Conflicts of Interest, Large Cash Bonuses

“It also criticized the board for signing off on $430 million in routine annual bonuses and an additional $320 million to 65 top executives for meeting stock performance targets in early 2001 for work in 2000, when the firm's reported net income was $975 million. "Apparently no one on the compensation committee ever added up the numbers," the report said.”

Beings as how the function of the Board of Directors is to protect the shareholders interests, this would seem to be a slam dunk.

And, Enron co-opted them, too, as well as journalists, on their “Board of Advisors” and lawmakers. But the Board should be personally responsible. They aren’t, but should be. It was their direct charge.

Arf