Enron Greed

Callie sent me this Chron piece on Enron, with the following paragraphs flagged:

She lost about $1 million in her retirement fund, and her earnings now fall far short of what she made at Enron, but she considers herself lucky because she can rely on her husband's income and health insurance.

She now has a small marketing consulting business and is not interested in working again for a big company.

"Having been burned in a big way, I'm a bit wary of going into that environment," said Nadasky. "Greed has definitely taken over corporate America."

Callie wonders if the woman described in this article -- who lost a million bucks, mind you (no doubt because she invested only in high-flying Enron stock) and who complains about corporate greed in America -- might have contributed just a little, her very self, to that culture of greed?

I mean, how the hell does a halfway normal person manage to piss away $1 million in a retirement fund without violating all of the rules regarding investment risk?!

The Chron sure can pick "victims" to feature.

[Posted at 23:09 CST on 10/23/02] [Link]