Posted in:
While economic and stock issues have all bubbled to the surface, this is another issue just about to rise. So many employees have so much of their retirement accounts or earnings tied up in company stock that they are doubly vulnerable to a company collapsing. These employees not only lose their jobs suddenly but also lose their entire retirement accounts, too. If their retirement accounts are mostly in their company stock--because that is how they are paid or bonused, or because they want to semm "loyal" they can lose it all. The Enron employees suffered terribly--not the executives. Bear Stearns was not just a company of a few billionaire trader horse racers. There were lots of more ordinary employees, some very well paid, and many have suffered the double loss. Many people at Countrywide have suffered similar losses. It is a terrible thing to happen, and we may be able to help.
