The Enron Scandal - Unmoderated Message Board

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Non-Tech : The Enron Scandal - Unmoderated

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To: MulhollandDrive who wrote (488)	1/19/2002 5:47:51 PM
From: CountofMoneyCristo	Read Replies (1) of 3602

The reason it isn't pointed out by the plan people under current law is they will have a legal liability if they give "investment advice" assuming a shareholder is inclined to sue. It seems to me when I believe it was CFO Andrew Fastow handed out that 126 target that was investment advice. That when CEO Kenneth Lay called ENE stock "significantly undervalued" that was investment advice. The allocation percentage should be limited to zero. It is sheer insanity to have all your eggs in a single basket in this way. Also, I am sure arms are twisted every day, employees are pressured to invest in their own companies. We need some new laws - and these, for once, need and must be absolutely strictly enforced, with severe penalties accruing to those who refuse to operate within the law.

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