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Originally Posted by Bold Brooklynite
Lay was a crook ... but I think you don't understand the pension situation.
The only money that was lost was the value of the stock which was given by Enron to their employee pension plan. None of the Enron employees lost money of their own ... they only lost their projected share of the paper value of the stock which was given to the plan.
And Eleanor Roosevelt was about the silliest and most naive little tall rich girl who was ever publicly humiliated by a cousin/husband.
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You don't seem to understand the stock market or pensions. The price was based on cooked books, people were buying or given something that wasn't really there in terms of value. The stock is part of compensation which means these people thought they were being paid more than they were actually getting. It is the equivalent of being paid and then finding out when you go to spend your money that the money you were paid with was counterfeit. He sold the worthless stock for millions when he knew it was worth nothing. Just to let you know, when someone sells it, someone is buying it. He sold worthless paper for millions.