To: wideawake
Abbott and Enron deserve to be on this list for defrauding taxpayers and stockholders.
Flame-retardant leathers on!
Can't speak for Abbott, but Enron didn't force its workers to invest utterly, totally, solely and completely in Enron stock. They had the option to sell any or all of their holdings earlier in 2001, when the price was much closer to $80 than to $1, and most of 'em chose not to.
Lesson learned? Diversify. You gotta learn to think about your investments, but it's worth it.
52 posted on
12/31/2001 12:15:57 PM PST by
Xenalyte
To: Xenalyte
I said stockholders, not employees.
The employees were stupider than dirt for putting all their eggs in one basket.
However, stockholders were given eighteen consecutive quarters of incorrect financial results by this lying corporation. Doctored financial disclosure is the issue here, not ESOPs.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson