"JGalban via AviationKB.com" u32749@uwe wrote in message
news:735c640ba893b@uwe...

I don't defend Enron, but am also not entirely sympathetic to those who
"lost their whole retirement nestegg". I saw a lot of news stories
about
these unfortunate folks, but never heard a reporter ask them the obvious
question. "Why would a sane person invest their entire retirement nestegg
in
one company's stock?".

Because they trusted the company they'd worked for for so long, before Enron
bought it, and none of them expected that the company would be acquired and
destroyed by felons.

Sort of like how my father trusted United before they furloughed him a year
before his retirement and then annihilated his pension. (But don't worry,
the taxpayers will handle that burden. )

Enron employees were not required to buy Enron stock in their retirement
plans. They did so because of one reason. Greed.

Is that why people buy XOM stock? Greed?

Enron was most definitely a scam, but common sense goes a long way
towards
minimizing the effect of any one bad apple on one's retirement portfolio.

How is that relevant to corporate corruption?

-c