Entergy CEO rakes in $54M in 3 years

Entergy CEO rakes in $54M in 3 years

There are 62 comments on the Brattleboro Reformer story from Sep 8, 2009, titled Entergy CEO rakes in $54M in 3 years. In it, Brattleboro Reformer reports that:

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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The Brattleboro informer

Florham Park, NJ

#21 Sep 9, 2009
Wayne Leonard more than earned his money just having to put up with the whiny, wacky Brattleboro anti-nuke boneheads!
Mike Mulligan

Roslindale, MA

#22 Sep 9, 2009
localkid wrote:
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?
You idiot, Disney is a little above half price it was in 1998...the stock price has been stagnant for a decade.\

50 million dollars a years for being stagant?
Mike Mulligan

Roslindale, MA

#23 Sep 9, 2009
localkid wrote:
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?
You idiot, Disney is a little above half price it was in 1998...the stock price has been stagnant for a decade.

50 million dollars a years for being stagant?
Mike Mulligan

Roslindale, MA

#24 Sep 9, 2009
localkid wrote:
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?
You notice the bs...they donít credit to the poorly paid other 14,700 employee. It is only the CEO who does all the heavy work at Entergy...the ďI got mine CEOĒ.

Leonard basically rode and leverage the rise of the price of energy and electricity in the decade...he didnít create anything better. He let his system deteriorate as he rode the increasing price of electricity and figured out how to draw off profits and inflate the stock price.
localkid

Little Rock, AR

#25 Sep 9, 2009
Thanks mike, calling me an idiot. Eisner left Disney a few years ago and it has been very stagnant since then. Eisner came to Disney in 1984 and left in 2005. It is well known that Disney started to take off in the mid eighties (as a company not stock price). Then in the ninties Eisney came up with "The Disney Decade" idea and it was absolutely their decade.
In the 90's Disney:
Bought Miramax
Built and opened Euro Disney
Built and opened MGM studios
Built and opened Disney's California Adventure Park
Built Disney-MGM Studios Paris (didnt open until 2002)
Throughout that time had many new film and animation projects (Lion King etc)
Bought ABC and ESPN

Before he left he also helped lay some of the grounwork for the purchase of Pixar animation studios. So sorry Mike, you were comparing Disneys numbers at the Height of Eisners to reign to after his reign, thus proving my point (and you call me an idiot.) Thanks again.
So I will say one more time Eisner took Disney from a big company to a gigantic empire.
localkid

Little Rock, AR

#26 Sep 9, 2009
Oh and remember for the last 3-4 years of Eisners reign the board was fighting him for power the whole way. So I would say the stagnency during the early 2000's was more due to the board then due to Eisner.
localkid

Little Rock, AR

#27 Sep 9, 2009
Oh an here are the stock numbers throughout Eisners runs. When he started disney was at $0.9871 per share and by 2000 was up to 41.25 per share, then the in fighting started and shares declined and started up again to 27.81 when he left. The stocks split 3 times during his reign. 4 for 1 in 86 and 92 and 3 for 1 in 98. So if you owned one share in 84 then you would own 48 now. Thus the actual value of one share in 84 compared to when he left is 0.9871 up to $1334.88. Ok Mike that is your little finance lesson for the day (make sure you are right before you call someone an idiot.)
Mike Mulligan

Roslindale, MA

#28 Sep 9, 2009
So is Entergy a rapacious, soul-less" company?

In 2003, Roy E. Disney, the son of Disney co-founder Roy O. Disney and nephew of Walt Disney, resigned from his positions as Disney vice chairman and chairman of Walt Disney Feature Animation, accusing Eisner of micromanagement, flops with the ABC television network, timidity in the theme park business, turning the Walt Disney Company into a " company, and refusing to establish a clear succession plan, as well as a string of box-office movie flops starting in the year 2000. In 2003, Roy E. Disney, the son of Disney co-founder Roy O. Disney and nephew of Walt Disney, resigned from his positions as Disney vice chairman and chairman of Walt Disney Feature Animation, accusing Eisner of micromanagement, flops with the ABC television network, timidity in the theme park business, turning the Walt Disney Company into a "rapacious, soul-less" company, and refusing to establish a clear succession plan, as well as a string of box-office movie flops starting in the year 2000.
Mike Mulligan

Roslindale, MA

#29 Sep 9, 2009
Let me tell what ďLeonard the selfishnessĒ is doing, this just isnít about gathering his acorns...his action as the CEO of the company by cashing in his chips is sending signals to the big investors and institution that the top corporate dog doesnít have faith in his company and their stock price.

In their weakening financial condition...he is signaling he has no faith in the company...all the big boys will get out and all the little people will end up holding a bag with only one or two acorns in it.
Mike Mulligan

Roslindale, MA

#30 Sep 9, 2009
"Meanwhile, utilities stocks are trading with weakness for the second straight session. Electric utilities like Entergy (ETR 78.67,-0.86) are undercutting the sector."
Mike Mulligan

Roslindale, MA

#31 Sep 9, 2009
Let me get this straight, if the market capitalization is 15.4 billion, if we lost 1% today then Entergy had dropped 154 million dollars from the capitalization in one day.

They are down about 20% in one year...that would be down about 3.85 billion dollars in a year

How close am I?
Striker

Bangor, ME

#32 Sep 10, 2009
New Clear Waste wrote:
<quoted text>
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?
I'm saying that he worked smarter then you, keep your muddy paws out of his pockets. It is none of of your affair. You made choices for your personal reasons and you reaped the rewards for your work. He made different choices and got those rewards. Now you want your rewards as well as his? Be careful what you wish for. Having a lot of money does not necessarily mean that his pastures are greener or happier.
Mike Mulligan

Roslindale, MA

#33 Sep 10, 2009
This is what I have learned though my life on planet earth: I rather be miserable and rich than miserable, poor and powerless any day.

But it is a open question with how you can best evolve into being a full loving human spirit best.
Striker

Randolph Center, VT

#34 Sep 10, 2009
Mike Mulligan wrote:
This is what I have learned though my life on planet earth: I rather be miserable and rich than miserable, poor and powerless any day.
But it is a open question with how you can best evolve into being a full loving human spirit best.
Some of the kindest and hardworking and gracious people that I know reside in a little poor town called Hinsdale, NH. Many assume that money will bring happiness, but money is nothing more than a tool. We are all blessed with many tools in our toolbox, none more important than the other.
Mike Mulligan

Roslindale, MA

#35 Sep 10, 2009
You are full of feces because...this is what I mean by selective data...you donít the courage and basic integrity to count up the all the damage caused by having an inadequate income throughout the town...a wide spread lack of human dignity, security, opportunity and the resources to live a dignified life.

If it doesnít fit your ideology of privilege...you donít have the integrity to count all the suffering that doesnít comport to your ideological beliefs...to honestly count the information that doen't support your beliefs.
Mike Mulligan

Roslindale, MA

#36 Sep 10, 2009
You canít honestly look at the suffering your ideology causes and say that amount of tears and crying is acceptable, so you got to play words games and provide selective information.
Striker

Randolph Center, VT

#37 Sep 10, 2009
The price you pay for living in paradise AKA VT & NH. I would rather live poor in Vermont than live rich in LosAngeles.
Striker

Randolph Center, VT

#38 Sep 10, 2009
Mike Mulligan wrote:
You canít honestly look at the suffering your ideology causes and say that amount of tears and crying is acceptable, so you got to play words games and provide selective information.
Wealth of any kind is not finite. What I have or do not have has no reflection on you or your condition. Happiness is a choice.
Mike Mulligan

Roslindale, MA

#39 Sep 10, 2009
Oh yea, Vernon is the rich side of the river...from Hinsdale we are always looking west to the promised land.

This first thing I noticed was the new and beautiful thick tar on the roads of route 142 compared to Hinsdale...I am real envious of the nice condition of your roads. My truck driving days always makes me pay attention to the condition of our roads and infrastructure.

You bet I see it where a poor person makes one mistake and hell rains on them...while a rich person can make ten worst mistake and they are all made harmless because they got the income to make their sins insignificant.
Striker

Randolph Center, VT

#40 Sep 10, 2009
You are not unhappy because you have no money, you are unhappy because you choose unhapiness.

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