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 the above

Question

Quizplus · Accepted Answer

Many Enron employees had invested a significant portion of their retirement savings in Enron stock and the company's collapse resulted in their 401k accounts not being well diversified, leading to significant losses. Options A and B are not relevant to the situation.

Many Current and Retired Enron Corp