Many current and retired Enron Corp. employees had their 401k retirement accounts wiped out when Enron collapsed because ________.
A) they had to pay huge fines for obstruction of justice
B) their 401k accounts were held outside the company
C) their 401k accounts were not well diversified
D) none of these options

Question

Quizplus · Accepted Answer

The Enron employees' 401k accounts were overwhelmingly invested in Enron stock, which was not well diversified. When Enron collapsed, the stock became worthless, causing many employees to lose their entire retirement savings.

Many Current and Retired Enron Corp