PL Management Making a Killing
In a fashion typical of Maxxam owned Pacific Lumber, the big bosses are raking in the cash while so many others they have laid off or owe money to are struggling just to get by. Apparently the $10,000 a month salary limit imposed by the bankruptcy court was simply not enough money for the greedy overseers.
"On Thursday, Maxxam bankruptcy attorney Harlin C. Womble (of Jordan, Hyden, Womble, Culbreth & Holzer, Corpus Christi) made a plea to the court -- please, he asked Judge Richard S. Schmidt, please lift the $10,000 per month salary cap you have imposed on Pacific Lumber employees while the bankruptcy proceedings are underway. Not in every case, mind you -- just in the case of Palco CEO George O'Brien, Vice President Gary Clark and General Counsel Frank Bacik." -Hank Sims, North Coast Journal.