Effects of enron on stock market
The list of investors who have lost money in Enron stock is a long one. Investors in other mutual funds also stand a good chance of being burned because Enron's 10 biggest shareholders were all big money managers.
Thousands of Enron employees who had big chunks of their retirement savings in company stock have seen the money evaporate.
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One Enron board member has lost billions. Holders of Enron preferred stock are also looking at steep losses.
That is the inevitable consequence of a stock that lost At the end of September, Alliance Capital was Enron's largest shareholder, with 43 million shares. Janus Capital, which topped the list for much of the year, was second, with The Enron board member, Robert A. Belfer, a New York investor, has also been badly burned, though not as badly as he might have been.
At the beginning of February, Mr. Though significant, the size of his stake in Enron has been substantially reduced in recent years. View all New York Times newsletters.
Belfer declined to comment yesterday on his holdings in Enron. Given the complexity of Enron's balance sheet, Ms. Coale said, it is difficult to determine the exact amount of preferred stock Enron has outstanding.
Enron's lasting impact on business - MarketWatch
The market value of Enron's preferred stock has plummeted along with its ability to meet the dividends payable on the securities. As of the beginning of March, the big holders of Enron's 7 percent preferred stock included Franklin Advisers, a money management firm, and insurance companies like TransAmerica Life and New York Life. Enron also owes money to many lenders. The exact number may not be known for months, analysts say. Tell us what you think.
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Business Day ENRON'S COLLAPSE: THE INVESTORS; Plenty of Pain to Go Around for Small Investors, Funds, Workers and Creditors. Subscribe Now Log In 0 Settings. Close search Site Search Navigation Search NYTimes. Clear this text input.
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The Rise and Fall of Enron
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