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
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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