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Originally Posted by Bold Brooklynite
My point is that the assets weren't some poor schnook's "life savings" ... as if Lay destroyed a bank where people had been squirreling their money.
Any reputable financial advisor will say that it's unwise to keep all your assets ... savings, pension, whatever ... in one stock. Diversify ... diversify ... diversify is what they all preach. Those who kept all of their pension assets in Enron stock were as unwise as Ken Lay was crooked.
In any case ... it wasn't their "life savings" which were lost.
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It's what they'd planned to retire on. If that's not your life savings, what is?
Yes, duh about diversification, but you'd be amazed at how many people don't know to do that. They don't teach you it in school. Or to put money aside BESIDES Social Security, because 40 percent of your average income ain't much to retire on... as those poor Enron folks suckered by Lay are going to find out.