Enron

[Jack]

Questions
1) Will Enron sink Arthur Anderson? Will any partners serve jail time?

2) How will the Bush administration distance itself from this mess?

[Botsy]

How about that lovely Enron 401(k) plan that restricted employees ability to diversify their portfolio? When do you think legislation will get going on this and how will the Bush administration respond?

[The Mister]

On 2001-12-12 09:10, Botsy wrote:
How about that lovely Enron 401(k) plan that restricted employees ability to diversify their portfolio?<font size=2>What? It restricted their ability to diversify? I hadn't read that. I just thought that an inappropriately huge proportion of their portfolios were invested in company stock, purely by employee choice. Can you provide a link, since I'm lazy? Thanks. :smile:

[slam]

At ENRON, their company match was in ENRON stock. They were allowed to diversify in general, but during a stretch of time when the stock was plummetting, they were changing plan administrators and temporarily suspended trading ability.

The issue remains for the future about the ability to diversify in a K-SOP. Right now, a K-SOP which doesn't allow diversification is perfectly legal (with the exception of certain older employees).

[Andy Lang]

Check my forum or ibm dissidents forum for literally dozens of URL references to Enron:

http://clubs.yahoo.com/clubs/andylang
http://clubs.yahoo.com/clubs/ibmpension

Also you might want to check into the ibm web site on cash pensions, http://www.cashpensions.com and,

if you want to get into lots more on major social issues, but also concentrating on the scandal known as cash pensions and other pension rip-offs, check into, Duke Energy Employee Advocate Newsletter - http://dukeemployees.com

There are many others--too numerous to mention...but all fed up with the nonsense going on in Washington DC led by the GOP.

There is a cyber-revolution going on folks, and you should know about it and join it. God knows it is growing by leaps and bounds every day ,and involves hundreds of congressmen, investigative journalists, political activists, and millions of ordinary people, doing extraordinary things along with a few very extra-ordinary people too.

[Pseudolus]

Enron's new voice mail system (http://www.witcity.com/enron/) (SOUND)

[42]

On 2001-12-12 09:37, slam wrote: At ENRON, their company match was in ENRON stock. They were allowed to diversify in general, but during a stretch of time when the stock was plummetting, they were changing plan administrators and temporarily suspended trading ability.Actually, I think the blackout occurred after the stock price had already plummetted quite a bit, so the employees had freedom to diversify before the freeze. However, the stock from the company match could not be touched until the employee reached age 50.