What are the details of the employee losses after the collapse of Enron? Who lost the most?

Question

I am looking for specific details as to the employee losses caused by the Enron collapse. More specifically, who lost the most, how much, and what pensions were lost etc.. Thank you.

Answer 1

Thousands of Enron employees and investors lost their life savings, children's college funds, and pensions when Enron collapsed. A lawsuit on the behalf of a group of Enron's shareholders has been filed against Enron executives and directors. This lawsuit accuses twenty-nine of these executives and directors of insider trading and misleading the public.

Because the 401(k) plan is a defined contribution plan, there was no PBGC insurance and employees lost the money they invested in Enron stock. They could only sue those considered a fiduciary for breach of their duty of care based on ERISA Section 404.

The Pension Benefit Guaranty Corporation is attempting to cover some and possibly all of the promised benefits.

http://www.happinessonline.org/InfectiousGreed/p20.htm

http://www.cfo.com/article.cfm/3011795/c_2984355/?f=archives