Word: enronization
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After extending their reach from only a few thousand Americans 30 years ago to about 20 million today, employee-ownership plans have fallen in public esteem. The allure of stock options has faded along with the dotcoms that made them sexy. Enron's collapse has shown the danger of workers' betting their retirement savings on their employer's stock. And tension between unions and management at struggling United Airlines has called into question what anyone gained when workers bought a majority of shares in the company eight years ago. Worried, Congress is weighing bills that would limit how companies...
...think he did what’s right,” Stone said. “I think he felt uneasy with the Enron connection and didn’t want to be an embarrassment at Harvard...
...letter to University President Lawrence H. Summers, Harvard Corporation member and Enron director Herbert S. “Pug” Winokur ’64-’65 wrote he was concerned that his role at Enron was “diverting attention from your agenda for Harvard and from the important work of the Corporation and the University...
...University official said Winokur and the rest of the Corporation had discussed his Enron involvement on several occasions, and it became likely that he would step down by the end of the year...
...We’re happy that Harvard University has taken a first step in distancing itself from the Enron fallout,” said Arin Dube, a member of HarvardWatch, a student organization that released a report in February calling for Winokur’s resignation...