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Florida Senate Committee Investigates State Pension Losses from Enron Collapse.
Knight Ridder/Tribune Business News, May, 2002
By Tamara Lytle, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
May 16--WASHINGTON -- It was a few days after Thanksgiving and Al Harrison was trying to soothe the nerves of a worried executive of Florida's pension fund.
Harrison, a Wall Street investor in charge of managing about $5 billion in retirement money from Florida workers, was fighting pneumonia. And the news about Enron Corp. wasn't doing much to make him feel better.
Ken Menke, of the state's pension fund, was on the phone. Enron's stock was trading below $10 a share. Harrison and his firm, Alliance Capital Management, had bought 7.6 million shares by then, some of them costing as much as $82 a share.
Menke was not a happy man, and he wanted to know...
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