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


To: Karen Lawrence who wrote (70)1/14/2002 10:37:41 PM
From: KLP  Read Replies (1) | Respond to of 3602
 
BBC is a good source, but with a leftist slant, as most know. It will be interesting however, to know exactly how many shares were actually in lockdown during those 5 days where no one could do anything about them. The previous article says there was a drop during those 5 days of about $3.60ish per share (the article gives the actual dollar loss per share)....

$3.60ish per share times the number of shares involved....would imply there were "billions" of shares in lockdown....

Of course, maybe the 20,000 employees didn't want to change their IRA's....I'm sure we will eventually know.

Also, I've wondered outloud before....wonder how many tech and dotcom companies that went down used any of the same accounting 'techniques'.....