SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (213288)12/29/2001 12:37:17 PM
From: DMaA  Respond to of 769669
 
Jorj, read the piece I linked to. Contains many of the gory - er mundane details.

I don't know all of the gory details, I am sure that others do.



To: Jorj X Mckie who wrote (213288)12/29/2001 12:42:45 PM
From: DMaA  Read Replies (2) | Respond to of 769669
 
What I fear is this is preliminary to some big effort to "fix" 401ks. Inevitably any attempt to fix them will be seized as an opportunity to ruin them. If there is a problem, it is the fact that we tax capital gains. Eliminate capital gains taxes and no one will need 401K, IRA's and the rest of the gimmicks.

It's all smoke and mirrors to make us feel grateful to Washington for "helping" us save for retirement - with our own money.



To: Jorj X Mckie who wrote (213288)12/31/2001 8:07:11 AM
From: jlallen  Respond to of 769669
 
Jorj, assuming the stock was acquired under an Employee stock option incentive plan, such plans often include lock up periods when the stock is acquired. Its part of the quid pro quo for the undermarket price the employee pays. I'm sure the company has legions of personnel folks who explain the workings of the Enron plan to its employees.

JLA