Those employees had opportunity to shuffle around their
funds - those who had been there for the requisite
time period that is.

Sadly, not all were vested time-wise to be able to
move their 'funds' out of Enron stock.

The news accounts, BTW, were HIGHLY inaccurate that
Enron stock was FROZEN during the entire time that
the stock price 'slid' down - there was a week or
two period (that was it!) where access was frozen to
Enron stock.

Beyond that - one should also research who one is
working for as opposed to simply taking up with
some schlock firm! I think that the *promise* and
glitter of working in a perceived high-flyer as
Enron lured in many - BUT AGAIN there were a few
realists out there advising caution regarding
Enron and it's *risky* move into "Energy Trading".

What did Enron do to California?

Enron had nothing to do with California *freezing* the
price that electricity retailers could charge customers
when Cali instituted it's idea of "De-regulation" -
- and when Cali had an electricity *shortage* year before
year that forced the wholesale price on the *spot* market
up *without* any recourse for the retailers to recover
those costs (THAT"S why the State of Cali stepped in
and assumed that debt) ...

1) Are you for or against free markets?

2) Did Soviet-style Communism and central-planning work
better than western "free market" approach in accomodating
elastic supply and demand issues?


I only ask those questions to get some idea of your thinking
regarding things economic and 'market' wise ...


Jim


----- Original Message -----
From: "Uri Sabadosh" <uri@LUXTRON.COM>
To: <PICLIST@MITVMA.MIT.EDU>
Sent: Tuesday, June 04, 2002 8:23 PM
Subject: Re: [OT]: $1-a-day wages


> Investing wisely has no connection to what Enron did to California and
it's
> own employees 401K.
>
> Uri
>
>
> ----- Original Message -----
> From: "Jim" <jvpoll@DALLAS.NET>
> To: <PICLIST@MITVMA.MIT.EDU>
> Sent: Tuesday, June 04, 2002 3:53 PM
> Subject: Re: [OT]: $1-a-day wages
>
>
> > How about:
> >
> >    "Invest wisely in companies you know something about: what
> >     their products are, what the state of their business
> >     environment is in."
> >
> > (Aside from just a wide-open discussion about morals that is ...)
> >
> > The Motley Fool wrote about those guys (Enron) several years
> > back - and asked some pretty pointed questions like: What
> > kind of shape would Enron be in if a biggie like the CBOT
> > (Chicago Board of Options) decided to get into "Energy Trading"
> > like Enron pioneered?
> >
> > (Energy trading was what did Enron in - as the cost of natural
> > gas plummeted that last year Enron was still doing business)?
> >
> >
> > Jim
> >
> >
> > ----- Original Message -----
> > From: "Uri Sabadosh" <uri@LUXTRON.COM>
> > To: <PICLIST@MITVMA.MIT.EDU>
> > Sent: Tuesday, June 04, 2002 5:35 PM
> > Subject: Re: [OT]: $1-a-day wages
> >
> >
> > > How about conflict of interest for starters. Smart people now say,
that
> is
> > > (was) part of the reason Enron and companiy did what they did.
> > >
> > > Uri
> > >
> > >
> > >
> > >
> > > ----- Original Message -----
> > > From: "Jim" <jvpoll@DALLAS.NET>
> > > To: <PICLIST@MITVMA.MIT.EDU>
> > > Sent: Tuesday, June 04, 2002 3:18 PM
> > > Subject: Re: [OT]: $1-a-day wages
> > >
> > >
> > > > Actually, Wall Street is showing it's disdain for the
> > > > 'gone slightly awry' accounting practices of some.
> > > >
> > > > And remember - this does not represent EVERYONE's practices!
> > > >
> > > > I'm curious just what it is that you would like to
> > > > see implememted in the way of laws - personally, the
> > > > 'product' I saw Enron marketing (as far back as 1998)
> > > > looked vaporous and short on delivery at that time!
> > > >
> > > > Beware that which *sounds* too good to be true!
> > > >
> > > > Jim
> > > >
> > > > ----- Original Message -----
> > > > From: "Uri Sabadosh" <uri@LUXTRON.COM>
> > > > To: <PICLIST@MITVMA.MIT.EDU>
> > > > Sent: Tuesday, June 04, 2002 5:16 PM
> > > > Subject: Re: [OT]: $1-a-day wages
> > > >
> > > >
> > > > > Don't you guys see? Why the government did not fix the accounting
> laws
> > > > (and
> > > > > many others)? Because of the money influence. As long as there are
> > > > > contributions and lobbyists the system is not fixed just being
> > tinkered
> > > > > with.
> > > > >
> > > > > Uri
> > > > >
> > > > >
> > > > >

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