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To: wideawake
Anyone who claims that Ken Lay destroyed his life is a loser with zero sense of personal responsibility.

I am disappointed to see you painting with such a broad brush. Weren't Enron employees' 401k plans locked to Enron stock? Did he (KL) not advise employees to purchase company stock while he was selling his own?

As an aside, a gentleman by the name of Jeff Grade destroyed my retirement funds in much the same manner. My life however is still intact . . .
324 posted on 07/05/2006 9:25:46 AM PDT by BraveMan
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To: BraveMan
Weren't Enron employees' 401k plans locked to Enron stock?

No they weren't. That is a media myth. It was a standard public company 401k plan.

Did he (KL) not advise employees to purchase company stock while he was selling his own?

While he was selling some shares to address some of his personal debts, he was taking more options as compensation - which shows that he believed his own silly propaganda about Enron stock.

Jeff Grade

Name is familiar - please refresh my memory.

330 posted on 07/05/2006 9:30:59 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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