To: getsoutalive
This is a different case altogether, and something still doesn't make sense. If the company only provided company stock as matching contributions, then what happened to the employee's original contributions? For the scenario described here to make any sense (i.e., a $500,000 retirement fund now worth only a few thousand dollars), the guy must have been buying company stock with his original contributions as well.
To: Alberta's Child
I don't pretend to know what happend to anyone's account. I am just reporting what was stated in the media previously. There were probably many employee's who bought company stock with voulantary contributions, many plans offer discounts to further encourage this. I know many people who continue to do this even after I try to alert them to the dangers. But the point is many were forced to hold through this mess.
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