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re: Were any of y'all working for and/or invested in Enron during the collapse?

Posted on 12/31/24 at 5:09 am to
Posted by St. Pete Tiger
"Shaqapulco"
Member since Feb 2005
2485 posts
Posted on 12/31/24 at 5:09 am to
Likely did. I was on the tech IA side and moved to Portland with AA
Posted by thelawnwranglers
Member since Sep 2007
40423 posts
Posted on 12/31/24 at 6:32 am to
Alot of my classmates had Arthur Anderson offers

First it was start date delayed then it was nah sorry we done
Posted by bigjoe1
Member since Jan 2024
821 posts
Posted on 12/31/24 at 6:54 am to
quote:

No. But I worked with a lady who had previously worked at Enron as did her husband.

Both lost their Enron jobs and I think I recall their retirement was heavily invested in Enron stock.

Sucked for them.


Heard several stories like that. Never have a huge chunk of your net worth in any one stock .
Posted by SouthPlains
Member since Jul 2023
963 posts
Posted on 12/31/24 at 1:21 pm to
quote:

Never have a huge chunk of your net worth in any one stock .


Fortunately, I think a lot of Gen-X and Millennials are smart enough not to do this. We've seen how loyal/stable corporations are. A bunch of MBAs and JDs playing the short game who will cut your arse at the drop of a hat to make numbers - why would you tie a significant portion of your retirement (a 30-40 year time line) to that?

I worked for some former Arthur Andersen auditors who started their own firm. They were all pretty junior back then, but it was kind of like asking grandpa to tell war horror stories, you just knew you weren't supposed to do it, but every now and then they'd tell some Wolf of Wall Street shite when they were tipsy.
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