[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.

[wagglebee]

IIRC, Most of the Enron employees didn't have any say in where their money was invested, and when the company was collapsing they were prohibited from pulling their money out.

[shuckmaster]

Until the rules were changed beginning in 2006 most company matches in the 401k were for the company stock only and were not transferable while still employed. I agree that people who still haven't taken advantage of the new rule change and keep their match in one company stock are dumb but the folks at Enron had no choice if they wanted to take advantage of the companies retirement package at all. Skilling is going to prison for deliberately cheating them out of their retirements. I'd prefer to see him hanged.