Word: pension
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...doing on homeland security - he even slipped up once on the organizing "security" theme and said "economic stimulus" instead. But once he got to money matters, Bush touched all the bases and didn't even skimp on Enron (though the name was never mentioned). New safeguards for 401k and pension plans, stricter accounting standards, tougher disclosure laws, making sure CEOs were "held to the highest standard of conduct...
...collapse. As Bush and his team know, the growing links between the Administration and the company that cooked its books and wiped out the retirement savings of thousands provide the best ground Democrats have had in months for staging fights over issues like tax cuts, the budget and pension reform--the subjects that are increasingly important to people and where Bush gets his lowest marks. No wonder nervous Bush aides reached out last week to at least one prominent Republican who had been critical of the Administration and asked him to tone it down. They called allies in the House...
...wonder Bush tried to change the subject last week. He spoke of fixing the 401(k) pension laws and regulations that let Enron's bankruptcy become a personal tragedy for its workers. Bush's first challenge is to convince Americans that he didn't use his influence to protect one of his biggest campaign contributors. His larger one is to convince them he will use that influence from now on to protect them from future corporate shell games. --With reporting by James Carney and Adam Zagorin
State officials want to know whether he inappropriately pushed Enron's stock on the pension fund while the energy giant was failing. Alliance more than doubled the state's stake in Enron since last August, buying 5.6 million shares in three months, even as stock prices fell and analysts questioned the firm's management and accounting practices. Coleman Stipanovich, deputy executive administrator of the pension fund, said his staff would like to learn what Savage knew of Enron's internal problems and what, if anything, he passed on to fund managers at Alliance. "We're going to want...
Many of the lawsuits stem from shareholders’ loss of billions of dollars in Enron stock. Many of these plaintiffs are corporations and unions who invested pension funds and 401(K) money in the company...