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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Follies who wrote (151014)2/13/2002 11:03:40 AM
From: rolatzi  Read Replies (1) of 436258
 
We should make the Enron employees whole!
In order to calculate how much they should be reimbursed for their losses, we need to calculate the fair price of Enron before it declared bankruptcy. The rise in the price in its go go days was almost entirely due the funny accounting so I expect that the fair price was much lower than the actual price attained. In addition, if the employees had the opportunity to sell their holdings over time, they should not be reimbursed for lack of diversification. They probably shouldn't have kept more than 10-25% of their 401K's in a single stock. They should therefore have been selling off their shares at each opportunity. Finally, if Enron had to contribute cash as their share of the 401K, what would their contribution have been? While, I understand that employees were encouraged to keep their Enron stock, I think there was only a short period when they could not sell. Could someone calculate how much the average Enron employee would get back under these assumptions.
Ro
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