Another interesting factoid.
As we noted earlier, Comdisco is another Fortune 500 company that managed to go into bankruptcy with a lot of stockholders’ cash, but had execs and insiders who made out just fine.
Comdisco’s CEO is Norman P. Blake, a ‘turnaround’ expert who took over the company early last year.
Blake is also on the board of Enron.
It turns out there’s another similarity between Enron and Comdisco. They were both on the list of the sixteen corporations in line to get $100 million or more in rebates from the federal government if the House GOP stimulus bill went through.
Enron which was #7 on the Fortune 500, came in at #9 on the windfall list, in line for $254 million. Comdisco, which was #433 on the Fortune 500, came in at #13 on the windfall list and was in line for a check for $144 million.
If only they could have held on for the pay-off.