Entergy CEO rakes in $54M in 3 years

Full story: Brattleboro Reformer

On Aug. 28, J. Wayne Leonard, the CEO of Entergy Corp., bought 330,600 shares of his company's stock at $23 each.
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1 - 20 of 62 Comments Last updated Sep 13, 2009
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Mister Johnson

United States

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#1
Sep 8, 2009
 
"Robber baron" is a polite term. In the not-so-distant past, Stalin and Mao and others of their ilk took many of these similar people out and executed them. As our Federal government careens toward similar left wing totalitarianism I wonder if any of these bloated CEO's are packing up for Costa Rica.
Striker

Shelburne, VT

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#2
Sep 8, 2009
 
Mister Johnson wrote:
"Robber baron" is a polite term. In the not-so-distant past, Stalin and Mao and others of their ilk took many of these similar people out and executed them. As our Federal government careens toward similar left wing totalitarianism I wonder if any of these bloated CEO's are packing up for Costa Rica.

Have you taken a gander at the income of sports, music, and movie stars? Why shouldn't our CEO's be equally compensated?
New Clear Waste

Brattleboro, VT

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#3
Sep 8, 2009
 
Striker wrote:
<quoted text>
Have you taken a gander at the income of sports, music, and movie stars? Why shouldn't our CEO's be equally compensated?
I'll take a crack at that. We can choose not to finance the high salaries of entertainers (including athletes) if we don't buy their tickets, albums, memorabilia, or the products whose ads help pay their salaries.

The Entergy CEO gets his millions from our electrical bills. If he's clearing $20 million a year, a chunk of that is money they could be using to lower our bills instead.

Worse, the Entergy CEO transactions mentioned in the article qualify as illegal insider trading, which is why the States Attorney General is after them. Even if you like nuclear power, you don't have to support a crooked corporation.
Jim McGowen

Wyalusing, PA

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#4
Sep 8, 2009
 
Millions are not made from electric bills, his pay was from the sale of stock. Get your facts straight.
New Clear Waste

Brattleboro, VT

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#5
Sep 8, 2009
 
Jim McGowen wrote:
Millions are not made from electric bills, his pay was from the sale of stock. Get your facts straight.
Millions ARE made from electric bills. And the company could make the decision to use that stock surplus to give their customers a break, or reinvest in infrastructure, or put it in a rainy day fund. Instead they chose to give insider sweet deals to their CEO.

Get your logic straight.
TNB

Memphis, TN

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#6
Sep 8, 2009
 
In my experience, a CEO compensation package is made up of:

Salary
Annual Incentive Copensation
Stock Otions & Grants

The latter two are based on company and company stock performance,e.g. the better Entergy does in fiscal performance short & long term the better the CEO does with his stock options, grants and annual bonus.

What is so wrong with that?

Shumlin does not like it when people make money.Mayby he should move to Cuba or Venezuela
flat lander

United States

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#7
Sep 8, 2009
 
That still doesn't make it fair that he is rich and we are poor just rolling joints and painting our thoughts on the sides of peoples buildings and cars and trains wow do you know how many spray colors their are
Take another pill

Little Rock, AR

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#8
Sep 8, 2009
 
I would like to know wether the state pension palns for teachers and other state workers is fully funded in light of the downturn of the stock market. I will be willing to bet these retirement funds are underfunded for the same reason VY's decommissioning fund is underfunded, namely the sag in the stock market. It is quite hypocritical of Vermont to require 100% funding of Entergy when they have the same problem with their own investments.

Vermont - Take a pill and get over it. Otherwise shell out the funds necessary to get your own committments fully funded.
start packing

Springfield, MA

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#9
Sep 8, 2009
 
Start packing, VY employees. Your days are numbered.
Mike Mullgan

Roslindale, MA

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#10
Sep 8, 2009
 
The spot market today is $0.025.
Mike Mullgan

Roslindale, MA

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#11
Sep 8, 2009
 
start packing wrote:
Start packing, VY employees. Your days are numbered.
We've seen the writing on the wall many months ago....the only issue we are debating today is who or what is going to be blamed for the premature shutdown.
Striker

Essex Junction, VT

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#12
Sep 8, 2009
 
New Clear Waste wrote:
<quoted text>
I'll take a crack at that. We can choose not to finance the high salaries of entertainers (including athletes) if we don't buy their tickets, albums, memorabilia, or the products whose ads help pay their salaries.
The Entergy CEO gets his millions from our electrical bills. If he's clearing $20 million a year, a chunk of that is money they could be using to lower our bills instead.
Worse, the Entergy CEO transactions mentioned in the article qualify as illegal insider trading, which is why the States Attorney General is after them. Even if you like nuclear power, you don't have to support a crooked corporation.
No one is forcing you to consume electricity from the grid either. Follow your own logic please.
TooMuch

Brattleboro, VT

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#13
Sep 8, 2009
 
The article forgot to mention the fleet of private Entergy jets Mr. Leonard has for his use. And I beleive he can use them for business and personal use as well, including family and friends too. Seems a bit over the top.....
Striker

Essex Junction, VT

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#14
Sep 9, 2009
 
I congratulate those who have made sacrifices, worked hard, worked smart and achieved great monetary wealth.

I envy those who have made sacrifices, worked hard, workd smart and created a loving family.

I abhore those who only value money and are willing to lie cheat and steal to obtain it.

I would love to be rich in money and family. I don't undrstand why so many people have a problem with that concept.
Rock The Reactors

Bronx, NY

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#15
Sep 9, 2009
 
Not the mention the boiler room full of paid Entergy bloggers!
New Clear Waste

Brattleboro, VT

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#16
Sep 9, 2009
 
Striker wrote:
I congratulate those who have made sacrifices, worked hard, worked smart and achieved great monetary wealth.
I envy those who have made sacrifices, worked hard, workd smart and created a loving family.
I abhore those who only value money and are willing to lie cheat and steal to obtain it.
I would love to be rich in money and family. I don't undrstand why so many people have a problem with that concept.
Hard work & sacrifice should lead to financial comfort.

However, are you suggesting that the Entergy CEO made $20 million worth of sacrifices and hard work? Don't the multi-million-dollar insider stock trades arouse the least suspicion in you? Are you not aware of white collar crime?

On another subject, I need money and I'm willing to sacrifice the Route 9 Bridge, which I own. How much will you give me for it?
Mike Mulligan

Roslindale, MA

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#17
Sep 9, 2009
 
Rock The Reactors wrote:
Not the mention the boiler room full of paid Entergy bloggers!
They all hate me...don't forget the NEI that allows the utilities to be hands offs and isolated from corrupt tactics.
localkid

Little Rock, AR

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#18
Sep 9, 2009
 
Well doesn't matter who the CEO, if it is my company and we are making say $500 million a year profit and I bring in a new CEO and say 10 years he boosts that up to say $3 billion a year profit. Would I be willing to pay this man $55 million every 3 years...your darn right I would. I would be paying him $55 million every 3 years and in return I would be making an extra $7.5 billion (minus his paltry $55 million.) Eisner did that with Disney. He took them from a multimillion dollar company to a mammoth multi billion dollar company. HIs leadership made Disney a leader in the industry, and in return for that he was making something over $50 mil a year (if you include stock options etc.) Is it an obscene amount of money....YES. It is being over paid, well that depends, pretend you were the owner and ask yourself would you pay this obscene amount of money to make 500 times that amount for yourself?
localkid

Little Rock, AR

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#19
Sep 9, 2009
 
NCW, how is Leonard exercising his stock options an insider stock trade. Insider trading has to do with buying or selling stock because you have inside information that it is going to rise or fall soon. He did no such thing, he had stock options from years ago that allowed him to exercise them and buy stock at a price of $28 (remember these were awarded to hium as a bonus a long time ago), which he did. Being Entergy is trading $80 or so he chose to sell some of those off to pay for the purchase and make a profit. Still not insider trading. Now did he do other things that he is being investigated for....maybe...we will soon see if the Attorney General comes up with anything, but exercising stock options is not insider trading. If it were then every CEO (and alot of other people) in the country would be in trouble. Many Many companies give stock options as part of bonuses.
localkid

Little Rock, AR

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#20
Sep 9, 2009
 
Sorry I misspoke...Eisner made $72,000,000 in 2000 (which would be approximately $90,000,000 today.) That is for one year folks.

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