Retirement Plan Is a Victim as Enron Tumbles
November 2, 2022
Access: New York Times article “Employees’ Retirement Plan Is a Victim as Enron Tumbles” dated November 22, 2001 at: http://www.nytimes.com/2001/11/22/business/employees-retirement-plan-is-a-victim-as-enron-tumbles.htmlLinks to an external site.
Enron ended up in bankruptcy and some of its top managers resigned in disgrace and/or were prosecuted and convicted of various crimes. Beyond those consequences:
What do you argue are the lessons learned with respect to the retirement plans for employees of Enron and its subsidiaries?
Should the employees who lost some or all of their retirement plan value bear any responsibility for their losses? Why or why not?
This is for HR Law in the United States