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Senate Questions Florida Pension Officials on Failure to Sell Enron Stock.
Knight Ridder/Tribune Business News, May, 2002
By Tamara Lytle, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
May 17--WASHINGTON -- U.S. Sen. Bill Nelson pressed Florida pension officials Thursday about why they didn't sell their Enron stock before it lost $280 million.
Pension officials blamed their Wall Street money managers, Alliance Capital Management.
Alliance officials blamed Enron Corp. executives, whom they met with 10 times last year, for misleading them.
And an investment expert and think-tank scholar blamed everyone, including the politicians who are raising a ruckus about Florida losing more on Enron stock than any other fund in the country.
"The search for scapegoats will . . . send small investors -- that is your constituents -- a...
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