"Enron employees were NOT required to keep their stock"
You're right, and that's true! You see - the funds were frozen (because of an administrator of the plan changeover) and the employees could not sell their stock. Only the top employees could do any selling. It's not fair, but until the rules are changed, it's legal.
My question is: is there any proof the Enron higher ups did this on purpose in order to keep the employees from selling??
posted on 01/13/2002 12:36:36 PM PST
Please see prior post. Funds only frozen for about 2 weeks: end of October/early November.
posted on 01/13/2002 12:38:53 PM PST
Did these employees sell their stock the first opportunity they had when the two-week "freeze" was lifted?
If not, then what makes you think they would have sold during the two week freeze? Or the month prior to the freeze for that matter?
If the company officers did anything illegal, they shoudl be totally proosecuted to the full extent of the law, but if not, stocks can be risky and "don't put all your eggs in one basket" comes to mind.
Actually, that's not true; the accounts were only locked from about the middle of October until the first week of November (they are disputing the actual time). Other than that, the employees could have sold any stock they bought voluntarily (not company matched) any time from the day they got it until the day the company went belly up.
posted on 01/13/2002 1:36:56 PM PST
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