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Securing Pensions II: some necessary reforms. (Enron Capitalism And How To Fix It).(Brief Article)

American Prospect, The,  March, 2002  by Silvers, Damon

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ENRON'S COLLAPSE--AND THE TERRIBLE losses suffered by Enron workers--has created the political space for a real conversation about how employers have chosen to finance their employees' retirement. That debate is centered on the fact that millions of Americans hold 401(k) plans that are overinvested in the stock of their employer, which puts them at risk of suddenly losing their retirement savings.

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Some will say this is the result of workers making free choices. But if you look at the kind of campaign Enron management ran to get employees to invest in company stock, you see ...

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