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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (29443)	2/11/2002 11:18:08 PM
From: Israel	Read Replies (1) \| Respond to of 99280

could very well be just the kind of thing Im referring too. Wouldnt take much effort (in a physical sense of the word, morals not considered) for someone to release an airborne disease thru an air-conditioning unit at an event such as the one in the article. Lets hope its not the case. Israel

To: SOROS who wrote (29443)	2/12/2002 1:08:22 AM
From: puborectalis	Respond to of 99280

Industry committee to renew confidence "....Yes, I'm mad as hell and I want some action. We need an industry committee looking into this with some of its top leaders behind it. Here's a few with clout. I researched Morningstar's September database, shortly after Skilling resigned and Lay returned, to see which funds and families owned Enron. Here are some of the big holders, the ones who should take an active leadership role in an industry-wide effort to renew investor confidence: Janus' Blaine Rollins The Janus family manages roughly $112 billion. Blaine Rollins' $25 billion Janus Fund (JANSX: news, chart, profile) had over $1 billion invested in Enron, 2.9 percent of total assets, per the fund group's most recent filing at the time. And that's not all, Janus Twenty (JAVLX: news, chart, profile) had another $560 million, Janus Mercury (JAMRX: news, chart, profile) $411 million and Janus Growth & Income (JAGIX: news, chart, profile) another $215 million. Janus prides itself for the lengths that they take to get to know the company. What are you guys doing to make sure more Enrons won't happen? Fidelity' Robert Stansky Fidelity controls $508 billion total assets. Bob Stansky's $79 billion Magellan Fund (FMAGX: news, chart, profile) had $320 million in Enron. Okay, so they have 250 other holdings and Enron was only 0.37 percent. But that's no excuse for not investigating suspicious dealings. The same goes for Steven Kaye's $34 billion Fidelity Growth & Income (FGRIX: news, chart, profile). They had $180 million in Enron. Listen you guys, we're mad as hell and we don't like these lapses in responsibility. Vanguard's Gus Sauter Vanguard manages $430 billion. Maybe Gus Sauter has an excuse because his index funds are mandated to resemble the indexes that they track, even if the index in question happens to own an Enron. But James Barrow's $22 billion Windsor II fund (VWNFX: news, chart, profile) had $82 million invested in Enron last summer. Tell us how you'll prevent a reoccurrence. No excuses. Action! Rule one: Give us real professional management Yes, widespread: All the major fund families, AIM, Alliance, American Century, Merrill Lynch, Morgan Stanley, Oppenheimer, Putnam, and others, each had at least $100 million in Enron. How embarrassing! To think that none of these fund managers saw through the Enron scam. They all failed in their responsibilities to America's investors. ICI should get in the act. Forget Skilling, he'll get his due elsewhere. We're mad as hell at our highly-paid fund managers. So clean up your act guys: Tell us what you're doing now to prevent this from happening again and to strengthen American capitalism..."