Stress Kills: Ken Lay Dead at 64

[SentToStud]

Originally Posted by Bold Brooklynite

Ken Lay was a crook ... but please allow me to repeat the facts of this "pension" stuff ...

No Enron employees lost any of their own money. What they "lost" was the paper value of the Enron stocks which had been pledged to their pension plan. The value of these stocks was never "theirs" to begin with ... it was only something they were told they would get in the future.

It's like someone saying they'll give you a Rolex watch on your next birthday ... then not doing it.

Castigate Mr. Lay for being a crook ... but please stop wailing about the "little people" who had their "life savings" stolen from them ... because there weren't any.

More sophmoric idiocrisy from you.

Much of the stock was held in the form of options through an ESOP. The shares had a vesting schedule.

And, as any of mnd person will tell you, these shares as well as the ongoing contributions of Enron to these plans repereseted a huge potion of total compensation.

To say that these people "Had it coming" is the stupidest comment you have made yet (congratulations).

Dey Wuz Robbed.