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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (141542)	1/12/2002 7:49:21 PM
From: TimF	Respond to of 1586096

Some might consider the freezing of your employees 401 accounts when you know you may have to file bankruptcy if not criminal, definitely immoral. I agree. It is atleast immoral if not criminal (I don't know the applicable law enough to know if it is criminal), however at that point people knew Enron was in trouble. Once that was done having an administration offical come out with an annocement that he was asked for a bailout would only hurt the chances of the employees getting any money out of those accounts. However, in the case of ENE, I suspect so many Bush people had close ties, they were unwilling to try to help bail out the company. There is that and also the possibility that the Bush administration looks less favorably on these types of bailouts. I'm usually against the government bailing out a company myself. And in this case with the ties the administration had to ENE it would look bad if they used the government to help the company. If nothing else, ENE's upper mgmt needs to have their collective butts kicked. Yes they where at least incompitent and at worse criminals. Tim

To: tejek who wrote (141542)	1/12/2002 11:02:03 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 1586096

ted, I think they can only try to block sales, if the employee says sell, they must sell, is that not the case? As far as I know the stock is free trading stock once in the account and can be sold at any time with some being held back for taxes. Now this is the case if the plan was at a broker. If it was held by a broekr for the company it still seems to me that the shares can be sold if the employee instructed that they be sold? Are you telling me that Enron falsely told the employess they cannot sell the stock or in some way placed a trade block on it? That is criminal actions, IMO. To the wolves and make the operators of Enron disgorge, as well as go to jail for many years. Bill