During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.
Robert Kiyosaki
Related Many Enron employees lost 70 percent to 90 percent of their retirement assets after the company indi... ELAINE CHAO Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file emp... ALEX BERENSON Buying only what you know can end in disaster. Just think about Enron's employees and business p... KENNETH FISHER Many, perhaps most, people who lose their jobs are mistaken about the reason for which they lost the... HARVEY MACKAY Tyco is not Enron. The fundamentals at the company were what they should be. CHARLES STILLMAN Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despit... ALEX BERENSON The story took on an importance later that it did not deserve originally. Whether I wrote that story... BETHANY MCLEAN Things that have happened with Enron and companies like that, where they've squandered their emp... MIKE HUCKABEE I don't want to see them left high and dry just like the Enron employees were left high and dry with... TOM DASCHLE We don't know enough to know whether any of that influence in any way stopped the administration or ... JOSEPH LIEBERMAN Chinese economic development has cost many American workers their jobs. That's the price of prog... P. J. O'ROURKE They literally got employees of Enron to join in with them, BILLY TAUZIN They literally got employees of Enron to join in with them. BILLY TAUZIN The Enron news may have been enough to distract people today, or if not, then maybe kept investors t... DAVID BRIGGS Too many journalists have lost their lives just because they were doing their jobs, and unresponsive... ANN COOPER When I was a deacon, the ominous signs of the Great Depression began to appear. Tens of thousands lo... JOSEPH B. WIRTHLIN Enron depends upon government policies to enhance their bottom line in lots of ways, ... The company... CRAIG MCDONALD Enron depends upon government policies to enhance their bottom line in lots of ways. The company rel... CRAIG MCDONALD When they lost their jobs, they lost everything, ... income, benefits, friends, reputation, and some... JOANNE CIULLA We acted properly and with integrity in all Enron matters, ... We have not knowingly assisted Enron ... BILL HARRISON The shredder at Andersen's office at the Enron building was used virtually constantly and, to handle... ARTHUR ANDERSEN Or maybe they just accept that it's wrong in God's eyes, although not in their own, and they'll worr... CRAIG GROESCHEL Companies want employers to be aligned with the goals of the company, and [employees] want to share ... ED FERRIGNO At the height of the Enron mania, the company's market value was $65 billion. Once the dust clea... ROBERT KIYOSAKI I liked myths. They weren't adult stories and they weren't children's stories. They were better than... NEIL GAIMAN If it were not for government regulation of big corporations, executives at companies like Enron, Wo... P. J. O'ROURKE I like to open for a band as it brings on sort of a challenge and it makes things more interesting. ... KELLY JONES My concern is for current and former Enron employees and other stockholders, and I feel it is in the... KENNETH LAY My concern is for current and former Enron employees and other stakeholders, and I feel it is in the... KENNETH LAY We know that there are a lot of older workers who will be leaving in the next few years, but we want... ERIC LESSER If I were the government, I would really want older people on the jury who were faced with the fear ... LINDA EADS But even when liability has been imposed, it has ultimately been paid by a combination of corporate ... DEREK HONG It hurt personally because I had such admiration for Ken and Enron. But that was the right thing to ... DRAYTON MCLANE Millions of people acknowledge today that they do not know the meaning of life. JAMES C. DOBSON The severance agreement announced today offers former Enron employees a real and immediate option to... RICHARD RATHVON The key to a vibrant middle class is an abundance of jobs that pay enough so that workers can provid... MARCO RUBIO When you're a dancer who is injured, you are at the bottom of the food chain. We are so replacea... BEBE NEUWIRTH The bottom has fallen out of the coastal food chain, and there's just not enough food out there. JULIA PARRISH That is not a gray area. It is black and white. I believe the individuals at Enron I was dealing wit... THOMAS BAUER Employers should encourage workers to take breaks throughout the day ... overqualified employees wil... HERNAN DAGUERRE Without a doubt, the Bush push for allowing employees to invest some of their retirement monies in t... MARK WEST Of course most Americans don't know how A.I.G. brought the world's financial system to near-... FRANK RICH Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage th... THOMAS SOWELL The Department of Labor's final conflict of interest rule will ensure that America's workers... THOMAS E. PEREZ They would have a more secure retirement because we boosted their pension benefits and savings plans... DAN BECK The collapse of Enron was devastating to tens of thousands of people and shook the public's conf... ROBERT MUELLER Orion is above the horizon now, and near it Jupiter, brighter than it will ever be ... But i expect ... THOMAS HARRIS If they strike, there's the potential that the workers will bring Delphi down and bring GM down alon... BRUCE BELZOWSKI The conspiracy...allowed Enron to exploit and intensify the California energy crisis and prey on ene... LARRY THOMPSON Tyco is not Enron, ... Tyco is a real company with a real business plan that still employs thousands... THOMAS CURRAN Tyco is not Enron, ... Tyco is a real company with a real business plan that still employs thousands... THOMAS CURRAN For the last 100 years, curators sat down to drink tea, but they did not do their jobs, ... How many... ZAHI HAWASS For the last 100 years, curators sat down to drink tea, but they did not do their jobs. How many art... ZAHI HAWASS Both the hotel workers and their families, and the tourists, were fed and given water in food lines,... FRED POWELL There are shift workers such as nurses and factory employees who often commute at odd hours of the n... AUTUMN FOGG Something was very rotten in the state of Enron. CARL LEVIN Occasionally he took us on a picnic or a camping trip and taught us many valuable lessons. The chief... ELEANOR ROOSEVELT We couldn't have done it without them. They had their own life experience they were bringing with th... SANDRA TAYLOR There is a class of colored people who make a business of keeping the troubles, the wrongs, and the ... BOOKER T. WASHINGTON People are treating the Stewart case as seriously as Enron when it's really over trivia. ALLAN SLOAN A lot of employees have lost their jobs and, as I understand it, their pensions are probably in ques... RICHARD GEPHARDT For many people who are so lost in their minds, so much involved in their thought processes, the onl... ECKHART TOLLE He said that academia reminded him of a badly run circus. The faculty members were like underfed ani... SUSAN HUBBARD Chase concocted the fraud with Enron. Chase was right in bed with Enron to structure these transacti... ALAN LEVINE Of all the thankless jobs that economists set for themselves when it comes to educating people about... EDWARD C. PRESCOTT You know Texas is - even more now that Enron has bit the dust - it's held up on the back of smal... RACHEL GRIFFITHS Civilizations are not remembered by their business people, their bankers or lawyers. They're rem... ELI BROAD Well, now that I have a baby, I'm that person who's looking for all the parks. I'm also ... JENNA FISCHER I'm no longer just a candidate. I'm the President. I know what it means to send young Americ... BARACK OBAMA Most of the evil of the world comes about not out of evil motives, but somebody saying 'get with... PHILIP ZIMBARDO The bottom line is Americans are living longer in retirement, saving less or not at all. They live b... GEORDIE CROSSAN In every other science fiction series, humans are at the top of the food chain. In the 'Babylon ... J. MICHAEL STRACZYNSKI Post-Enron, companies will not spend money in hopes they will recoup the money. They need to be cert... JAY MANDEL We want only loyal workers who are grateful from the bottom of their hearts for the bread which we l... GUSTAV KRUPP It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter ... HUNTER S. THOMPSON We've reached a very low-level equilibrium where it's not clear whose interest it is in to d... DAMBISA MOYO All the normal people of the ages and generations that contribute to helping and doing their bit for... GARY F EVANS... When you grow up there are things that you would love to do make your father proud is one and have f... GARY F EVANS... Life is the everlasting gobstopper with its complications of the starter being birth, the main cours... GARY F EVANS... Their goal wasn't to stand out because of their differences; it was to fit in because of their talen... MARGOT LEE SHETTERLY If our ancestors could see us today, surely they would think us gods. DAN BROWN So, a crash course for the amnesiac,” Leo said, in a helpful tone that made Jason think this was n... RICK RIORDAN Ken Lay has, does and will continue to accept responsibility for the fall of Enron. He was the man a... MICHAEL RAMSEY One of the financial personality types, whom I call the Money Masters, said that if they lost all th... KATHLEEN GURNEY The past is full of examples of renegade writers who were overlooked in their time not only because ... JOANNA SCOTT We think it?s very ironic this is happening under an administration that was re-elected because of i... JEFF RUCH When Christians start thinking about Jesus, things start breaking down, they lose their faith. It... A. N. WILSON I think the FDA advisory committee was asleep at the switch, ... The question is, did they not get i... STEVEN NISSEN There are two components to the school lunch program—the price of the food that we put out for the... DAVID GLEASON There are two components to the school lunch programthe price of the food that we put out for the ... DAVID GLEASON There are those who are trying to roll back [a key section] of the law less than two years after it ... JACOB ZAMANSKY It was standard operating procedure at Enron. We tended to be pretty fast and loose with the rules. DAVID DELAINEY Enron was no house of cards. It was a wonderful company. DANIEL PETROCELLI I happen to represent Enron here in Houston. We have many good corporate citizens here in Houston. E... SHEILA JACKSON LEE With Americans worried about losing their jobs, their savings, their homes and their chance at the A... NANCY PELOSI The point of that is, if you look at Walgreen's history, they've always been pioneers in the... JAMES COLLINS Always Be Ready For Anything that Comes: Bananas, Chips, College, an Opportunity, so when it does yo... DANIEL OJEDA Sandwich-generation workers are terrified of losing their jobs, so they keep their situation under t... KATHIE LINGLE Minnesotans lost their jobs because the credit rating agencies didn't do the only job they'r... AL FRANKEN It doesn't really change anything. It's not like people will get their jobs back or their retirement... BETHANY MCLEAN
More Robert Kiyosaki
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ROBERT KENNEDY It is easy to overlook the importance of the young in underdeveloped countries. It is the natural co... ROBERT KENNEDY The ultimate relationship between justice and law will be an eternal subject for speculation and ana... ROBERT KENNEDY Freedom possesses many meanings. It speaks not merely in terms of political and religious liberty bu... ROBERT KENNEDY I thought they'd get one of us, but Jack, after all he's been through, never worried about i... ROBERT KENNEDY The free way of life proposes ends, but it does not prescribe means. ROBERT KENNEDY Martin Luther King dedicated his life to love and to justice between fellow human beings. He died in... ROBERT KENNEDY I do not run for the presidency merely to oppose any man, but to propose new policies. I run because... ROBERT KENNEDY When our forbears - yours and mine - came to America, they came because this country promised them s... ROBERT KENNEDY Those who challenge the law in one or another of its aspects weaken the whole legal structure of soc... ROBERT KENNEDY The fact that free men persist in the search for the truth is the essential difference between Commu... ROBERT KENNEDY There has been far too much hypocrisy in the field of civil rights. It is easy enough to give rousin... ROBERT KENNEDY It is the right of government to protect the weak; it is the right of the weak to find in their cour... ROBERT KENNEDY Now I can go back to being ruthless again. ROBERT KENNEDY The poor man looks upon the law as an enemy, not as a friend. For him, the law is always taking some... ROBERT KENNEDY We know that we cannot live together without rules which tell us what is right and what is wrong, wh... ROBERT KENNEDY I can understand the Chinese Wall: it was built as a defense against marauders. But a wall such as t... ROBERT KENNEDY From the first moment of independence, the United States has been dedicated to innovation as a way o... ROBERT KENNEDY Desegregation of schools does not automatically transform them into better schools. It is only a ste... ROBERT KENNEDY In truth, the world is now a seamless web from which no nation, large or small, young or old, can di... ROBERT KENNEDY We will find neither national purpose nor personal satisfaction in a mere continuation of economic p... ROBERT KENNEDY But suppose God is black? What if we go to Heaven and we, all our lives, have treated the Negro as a... ROBERT KENNEDY The leaders of the world face no greater task than that of avoiding nuclear war. While preserving th... ROBERT KENNEDY The most significant civil rights problem is voting. Each citizen's right to vote is fundamental... ROBERT KENNEDY People say I am ruthless. I am not ruthless. And if I find the man who is calling me ruthless, I sha... ROBERT KENNEDY The world of sports knows no religious, racial or political differences. Athletes, from whatever lan... ROBERT KENNEDY