Seems I recall a time when some employers *required* employees with certain
employee
savings plans to invest in the company stock. IIRC sometime in the 70s the
govt passed a law making this practice illegal.
Your mgmnt prof was a wise man!
LarryT
https://www.nrahq.org/nrabonus/accept-membership.asp
Free 1 year NRA membership to anyone interested!
----- Original Message -----
From: "Mitch Haley" <m...@voyager.net>
To: "Mercedes Discussion List" <mercedes@okiebenz.com>
Sent: Sunday, May 24, 2009 12:35 PM
Subject: Re: [MBZ] Letter from a Dodge Dealer
Rich Thomas wrote:
I worked for Enron, everyone lost everything, no bailout there. I
managed to bail before the crash so only lost several thousand dollars of
stock value that had been promised to me. That included people who
worked there for 20 years, believed management, invested in the company,
etc etc and in their 60s had nothing, zero.
As my management professor used to say, don't invest your savings in your
employer. When your employer goes bankrupt is when you need your savings
the most, so don't set up your savings to disappear at the same time your
job does.
Mitch.
_______________________________________
http://www.okiebenz.com
For new and used parts go to www.okiebenz.com
To search list archives http://www.okiebenz.com/archive/
To Unsubscribe or change delivery options go to:
http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
_______________________________________
http://www.okiebenz.com
For new and used parts go to www.okiebenz.com
To search list archives http://www.okiebenz.com/archive/
To Unsubscribe or change delivery options go to:
http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
