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Non-Tech : The Enron Scandal - Unmoderated
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To: MulhollandDrive who wrote (484)1/19/2002 4:56:23 PM
From: CountofMoneyCristo  Read Replies (2) of 3602
 
Yes....let's get real here. Employees became undiversified out of simple greed.....bore out of company matching programs...as long as the clownshares were moving up, everyone was happy..Not letting ANY Enron management off the hook for their malfeasance, but the shareholders have SOME responsibility for their OWN choices.

So an Enron employee or investor should be held responsible because they were "greedy"? How does that affect the argument here? I fail to see how the greed of the victims has anything to do with the fact that they were defrauded, that those who stole from them broke many laws along the way. That won't be a very good defense. By the way, perhaps they were greedy when their own executives were handing out price targets of 126 last spring, and hyping the stock again as late as this fall...

The "everybody's doing it" Bud Fox defense Andersen's CEO aired in the Wall Street Journal won't fly, either. He actually blamed regulators for not cutting their hands off when they went for the cookie jar, lol.
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