[Hydroshock]

I have a friend at church who lost literally 75% of the 401k, they will most likely never be able to retire. Thsi sentence is way to short.

[wideawake]

I have a friend at church who lost literally 75% of the 401k, they will most likely never be able to retire.

If they hadn't made the most unintelligent retirement decision than anyone can make, Jeff Skilling couldn't have hurt them.

They decided to make themselves vulnerable by putting all their retirement eggs in one basket.

Their retirement situation is almost entirely their own fault.

My employer's stock constitutes less than 8% of my investments - if my employer turned out to be run by even worse crooks than Skilling, Lay and Fastow I would still be just fine.

If you don't diversify, you are begging for financial trouble.

[Alberta's Child]

Anyone who has 75% of their retirement assets invested in shares of a single company is asking for trouble and deserves no sympathy.

Most people who got screwed in the Enron fraud were stupid, greedy, or both.

[VRWCTexan]

Truly sorry for your friend and so many others - however those ENRON employees that maintained a more diversified 401K (i.e. other than investing all or most of their retirment funds into Enron stock )did not suffer meltdown There is a lesson to be learned here for others

[silentknight]

Your friend should not have had all of his money in one stock. Big no no.

[RedStateRocker]

some people will natter "well, they shouldn't have had all their money in Enron". I can only hope that if one of their loved ones is shot/stabbed/raped no one ever says "well, you shouldn't have gone to a 7/11 at night".

[plain talk]

They should not have had all their eggs in one basket and they should have bailed out before the bottom dropped out.

I think sentences should be proportionate to the crime and financial criminals should not receive harsher sentences than murderers and treason.