<<The transition period during which employees were unable to change investments in their 401K accounts lasted just 10 total trading days, beginning on
October 29 and ending on November 12, 2001. The transition applied to all plan participants, including senior executives.
From October 29, the first day of the temporary shutdown, through November 13, the first day participants could transfer funds, the Enron share price went
from $13.81 to $9.98, a drop of $3.83. On five of those trading days, Enron’s share price closed below $9.98.
Outside of the brief transition period, Enron employees have always been able to transfer their own contributions in the 401K, at any time. They have 20
investment options to choose from, Enron stock being one of them. >>
Assuming that these statements are true (and I have no idea whether they are or not), it is interesting to note that they are rarely reported in the media. |
