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Essay / Research Paper Abstract
This 5 page paper, written in the aftermath of the Enron collapse, investigates what has occurred with the employees pensions. The bibliography cites 3 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEenronp.rtf
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Unformatted sample text from the term paper:
two ways. As a large company with many institutional investors the collapse of the company resulted in a drop in investment fund, many of which were retirement plans. However, as
a result of pooled investments and spread of risk, to those who had their retirement plans in a fund that suffered from the collapse there is a less direct impact,
as the blow should be cushioned. However, those with retirement plans within the company due to their employment are now left in a state of flux. The Enron case
has demonstrated some of the shortfalls in the law regarding retirement plans. The fall of Enron has shown up problems in the way that retirement plans are administered and controlled
in terms of legislation n the US. With the fall of the company the investments that were in the retirement fund have plummeted due to the high level of investment
in the companies won stock. The funds under the 401(k) had large proportions of Enron common stock, and as a result of the bankruptcy this stock is now worthless (Heller,
2002). The first issue that this has raised is the ability for any company to have such a large amount of their own stock, upon which they are relying for
retirement, in a pension fund. This has raised alarm bells, as other companies can also be seen to be in a similar situation (Heller, 2002). However, for these pension plans
it is not to late. Changes can be made to protect them from over exposure to a single stock. For Enron employees, who thought that a one for one match
by the company into the retirement fund, have found that by that contribution being made up entirely of Enron stock, have not got the deal they expected (Heller, 2002). The
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