I'll pour at liquor for ya Skills. I'll try to talk Pres. Bush into pardoning ya. We'll be ridin spinnaz soon! ------------------------------------------------------------------------ But yes, 24 years is wayyyy too long. It's unfortunate, but people who are dumping money into these 401k's and hoping that their fund manager knows what theyr'e doing are just asking to lose money. It's sad that they lost everything, but it could of been avoided. Before anyone invests in the market, they need to get educated. It's not Skilling's fault they lost money, it's not their broker's fault, and it's not bad luck. It's your in money, and you should have the ultimate authority over it.
To be clear, I sold my company and cashed out.....so I diversified..... And I was NOT a partner. I am not being harsh....I think Skilling should be punished, but not for 24 years... And the people are not DOOMED to poverty for the rest of their lives...that is just insane....get up and get back to work.... DD
Oh come on, so its everyone else's fault for being that stupid. Enron executives had knowledge that their stock was a complete sham and repeatedly encourages (in a very strong sense) all employees to put their money in enron stock. I suppose its also the rape victim's fault for wearing slutty clothing or its not the robber's fault but rather the fault of the person who got robbed because he was flashing his expensive watch a little too much. If you get caught doing stuff like this, it doesn't matter if common sense should have dictated otherwise nor does it detract from the impact of what he did. He knowingly gave sham advice to his employees and abused his relationship as head of Enron. Maybe some were smart enough to diversify, but the vast majority of people still aren't stock savvy and are reliant on the advice of others. Ignorance is easy to take advantage of and when you get caught, well you deserve a good punishment.
Say what? Educated with what? With quarterly reports? With stock holder meetings? With Yahoo Finance? Which were all wrong because these guys lied to everyone? What kind of argument is that?
So 24 yrs for taking it 45 dollars from one person with a gun but less for taking 45 million from thousands of people? His crime has a FAR GREATER impact on society His crime is the reason Gas prices rise His Crime is what puts families on welfare Armed Robbery is a Cut . .. it hurts but it will heal White Collar crime is fricking CANCER it will KILL a society slow and mercilessly Rocket River
Some of them were mere months away from retirement or a couple of years. . .and they have to start over from nothing? Let them Eat Cake I guess Rocket River