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Multiemployer pension cuts and what you need to know about pension provisions in 2015. Learn more

Back From the Brink

Stock market swindles and greedy CEOs brought these folks close to financial ruin. First they got angry. Then they got busy

Cora Lee Jckowski

— Photograph by Patrick Fraser

When energy giant Enron collapsed in a scandal of nonexistent profits and falsified accounting in 2002, Lois Black lost her job. Worse, the legal secretary at the company's Houston headquarters lost everything in her 401(k) retirement savings—almost $150,000. "I know, I know—it was dumb to put so much of my money into Enron stock," says Black, "but [CEO] Ken Lay sent us constant voice mails saying everything was great. We believed it." … Back to Article

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