Enron CEO's Guilty - New England Patriots Forums

scout · 05-25-2006, 11:03 AM

Lay : all counts guilty
Skilling: 18 counts guilty
Bye bye

***BelichickFan*** · 05-25-2006, 11:04 AM

I imagine they probably were although I paid little attention. The big lesson, though, is don't put all your retirement in one company - especially the one you work for. Duh.

***Patters*** · 05-25-2006, 11:06 AM

Quote:

Originally Posted by BelichickFan

I imagine they probably were although I paid little attention. The big lesson, though, is don't put all your retirement in one company - especially the one you work for. Duh.

I believe the retirees had to leave it there. While the execs were able to pull out their retirement, the line people were not. ... at least that's what I recall.

mikey · 05-25-2006, 11:07 AM

Quote:

Originally Posted by scout

Lay : all counts guilty
Skilling: 18 counts guilty
Bye bye

We are going to get more guilty verdicts.

DeLay is next.

Then Cheney.

Then ...

.

***BelichickFan*** · 05-25-2006, 11:09 AM

Quote:

Originally Posted by Patters

I believe the retirees had to leave it there. While the execs were able to pull out their retirement, the line people were not. ... at least that's what I recall.

I don't think so. I think the issue was that Lay and company were telling them how great the company was doing and how much money they would make by leaving it there. Sure, the company tanking would screw up pensions but for 401K type money the company can't force the employees to put it in the company.

***BelichickFan*** · 05-25-2006, 11:11 AM

Quote:

Originally Posted by Patters

I believe the retirees had to leave it there. While the execs were able to pull out their retirement, the line people were not. ... at least that's what I recall.

I think what you're thinking about was there was a short time period in which this was the case but the general case of where to put their money, they did not have to invest it in Enron. But there was a short period when it was all going down when what you said is correct. But, honestly, it's the employees' fault for having it there to begin with. Diversify, people, diversify.

All_Around_Brown · 05-25-2006, 11:16 AM

Another one of Bush's good friends gets hauled away. Good day Kenny Boy!

Mikey...correction.
Safavian is next
Followed by Bob Ney, then Delay....
then Ralph Reed and Denny Hastert...
Cheney's wretched little heart will give out before he gets frogmarched

***FreeTedWilliams*** · 05-25-2006, 11:18 AM

Another victory for the Bush Justice Department, who has to clean up all the crimes that went on unpunished during the Reno days.

mikey · 05-25-2006, 11:19 AM

Quote:

Originally Posted by All_Around_Brown

Another one of Bush's good friends gets hauled away. Good day Kenny Boy!

Mikey...correction.
Safavian is next
Followed by Bob Ney, then Delay....
then Ralph Reed and Denny Hastert...
Cheney's wretched little heart will give out before he gets frogmarched

Don't forget good ol' Libby.

.

***Patters*** · 05-25-2006, 11:20 AM

Quote:

Originally Posted by BelichickFan

I think what you're thinking about was there was a short time period in which this was the case but the general case of where to put their money, they did not have to invest it in Enron. But there was a short period when it was all going down when what you said is correct. But, honestly, it's the employees' fault for having it there to begin with. Diversify, people, diversify.

Yes, diversify, but leave a little (5% or so) aside to speculate with. That's where the big money is, if you do a lot of homework and get lucky.