Retirements

3 votes

Cain indicted in ENRONesque retirement mishandling

Here's an interesting bit of news. It was first brought out in May, but certainly bears a revisit due to his magically becoming somewhat important... to someone somewhere.

"According to a massive class action lawsuit against Aquila’s board of directors – including Cain – he allegedly steered employees into heavily investing their retirement savings in company stock, while at the same time shifting their business model from straightforward energy generation to risky energy trading – the kind of corporate greed that infamously brought down Enron."

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