The Business of Maintaining American Business

The Business of Maintaining American Business

The Business of Maintaining American Business

Gary Kemper, of Banks, Oregon, could picture his retirement just four years away. At the age of 58, Gary and his wife Jeanine had paid off their cars, house, and raised four children all while dumping the maximum amount of money into Gary’s 401K retirement plan. They had plans of buying a motorhome and maybe a condo in Arizona to get away from the cold weather of Oregon. He opted to take that part of his salary in stock options. Things were looking good, Gary could of never known that the company he worked for, Enron, was about to fall apart. Enron, the seventh largest corporation in the nation, who’s stock once traded at $90 a share plummeted to 26 cents. Gary lost approximately $200,000. Gary was one of the luck ones to receive a portion back. Many of Enron’s employees were left with next to nothing (Franklin par. 1-3). With tighted government