To: palmer
Enron's 401(k)s were heavily weighted with their own stock. I was shocked to find that out later.
To: goody2shooz
Their 401k matching contributions were in Enron stock just like most other companies. Employees were prohibited from selling those matching contributions essentially until after retirement. But some employees chose to put their own contributions into company stock. That's just stupid.
14 posted on
01/07/2004 5:56:32 AM PST by
palmer
(Solutions, not just slogans -JFKerry)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson