Posted on 01/12/2005 1:45:28 AM PST by nickcarraway
Kenneth Lay, the disgraced former boss of Enron, is the first exec to pay for his website to pop up on Google and Yahoo websites in America. Lay is splashing out "no more than $3,000 a month" to appear alongside the results for anyone searching for his name or "Enron fraud". Click on his ad, and you can read stirring stuff about his philanthropy and good deeds.
There are many charities/organizations in Houston that are missing Enron/Ken Lay's generous donations and no other company or person has stepped up to that same level. The whole thing is just a tragedy of classic greed/screw-ups that the employees paid for in the end. I think a lot of people now look at their 401k's, etc. and wonder if the same could happen to them.
If they are dumb enough to keep all their 401K assets in one stock that is also the company they work for, then yes, it can.
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