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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (278)1/14/2002 12:40:28 PM
From: Mephisto  Respond to of 5185
 
"This is also the company that loaded up its employees' retirement account with
its own shares and then, just as the truth about its dreadful finances was outing
and the stock went into a death spiral, prohibited employees under 50 from
selling the stock; those suddenly involuntary shareholders were left, alas, with
splattered nest eggs. Yet, in those delicate days, Enron saw no reason to
discourage 29 top dogs from cashing out to the tune of more than $1 billion."
From Barron's
See:http://www.siliconinvestor.com/readmsg.aspx?msgid=16905803



To: Mephisto who wrote (278)1/14/2002 3:28:43 PM
From: Charles Tutt  Read Replies (2) | Respond to of 5185
 
"The victims of Enron's rise and fall were regular employees who opted to join a savings plan by investing in their employer - and why not?"

I think the answer to that question is, in retrospect, obvious. IMHO, it should even have been apparent at the time to anyone who gave it some thought -- too many eggs in one basket.

Charles Tutt (TM)


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