Newsweek report on Enron
The fact that Enron employees could not sell their stocks in their 401K while the price plummeted has really ticked me off. Then I read Alan Sloan's column where he says (from memory, article not in front of me) when the freeze started, the stock had already dropped from $85+- to $12, and when the freeze ended the price was $9. If this is the case, I no longer feel so bad. Haven't we all hung on hoping we had seen the bottom, then watched it tank?
This doesn't excuse the lying SOB Kenneth Lay telling them to buy more while he sells all he can.
This doesn't excuse the lying SOB Kenneth Lay telling them to buy more while he sells all he can.
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