Moral of the story is not to ignore exposures should employee stock tank
These days it seems that everyone is talking about employer stock exposures in pension plans. The collapse of Enron and the resulting devastation to its pension plans has sparked much debate over whether employer stock is an appropriate investment option for retirement assets.
Curiously, however, much less attention is being paid to Employee Stock Ownership Plans (ESOPs), which invest solely in employer stock and can be even more risky–for the employer as well as the employees.
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