Getting Back at Enron

It was two years ago when Enron stock started tanking. Company executives dumped their shares, and made millions, but they didn’t allow their employees to do the same thing. Thousands of Enron workers had lost everything they thought they’d saved in a retirement account.

Now, a federal judge has ruled that workers can go after Ken Lay to try to recoup some of the losses. Proponents are hailing the decision as a victory for the little guy, but critics say its bad for business, and could ultimately lead companies to stop providing retirement plans altogether if they are made responsible for such losses.

While retirees may love their monthly checks, businesses are wondering, with all the risk, whether it’s time to put pensions and retirement plans out to pasture.

Guests:

Lynn Sarko, Lead Attorney for Enron Plaintiffs

Jim Klein, President of the American Benefits Coucil

Tom Padget and Linda Roberts, former Enron employees.