Wednesday, March 26, 2008

No J. Wayne Leonard News Today

Dear God,

Today, to the best of my knowledge, J. Wayne Leonard, the CEO of Entergy, did not:
  • Go into rehab
  • Lose custody of his children
  • Go out on the town with Paris Hilton without benefit of his underwear
  • Pose naked for Vanity Fair
  • Pay Ashley Alexandra Dupré $4,000 for a single evening of sex
Thank you so much Lord, for keeping Mr. Leonard out of trouble like that,'cause those would all be hard stories for me to spin.

Mr. Leonard did, however, average $56,777 per day (or $7,097 per hour) in income in 2006, and a web site called EntergyPayWatch.com is making a big deal out of that. Here is information that I found at that site:

According to Entergy’s 2007 proxy statement, the Board of Directors awarded CEO Wayne Leonard nearly $14.8 million in total compensation during 2006. Leonard’s compensation package included the following:

Salary of $1,168,577
Stock Awards of $7,429,048
Option Awards of $1,622,682
Non-Equity Incentive Plan Payments of $2,235,870
Change in Pension Value of $2,250,100
Other Compensation of $55,663
Total of $27,317,078

EntergyPayWatch.com also notes that, in the same year (2006), "New Orleans and Louisiana officials certified Entergy New Orleans to receive $200 million in federal Community Development Block Grant (CDBG)[Katrina relief] funding" and "Mississippi officials awarded $81 million in CDBG funds for Entergy Mississippi." This means that roughly 9.7% of the disaster relief funds went into J. Wayne Leonard's pocket.

Lord, would you consider letting me spin an Ashley Alexandra Dupré story rather than this one? I mean, wearing one's knee-high socks while having sex with a prostitute roughly the same age as one's daughter is one thing. Sticking it to the people of the tragedy-stricken Gulf Coast is a whole different kettle of Cajun Blackened Fish.

Thanks, Lord. I look forward to your flexibility on this matter.

Fake-Rob

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