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A comment on Did my old job only exist because of fraud?. Parent comment

Re:Did my old job only exist because of fraud? by GJim on Monday June 22, 2026 @05:29AM (#48627863)
> Employees were invited to invest their retirement savings in a mutual fund that contained only WorldCom stock.

Investing in your own employer is an idiotic risk..... If the company goes titsup, then you lose your job and your savings. This happened to many people during the dotcom crash.

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Re:Did my old job only exist because of fraud? by siskiyou on Monday June 22, 2026 @06:28AM (#48628281)
For decades after my WorldCom experience, I cashed out all equity grants immediately and invested the money elsewhere. Even if the company appears solid and is not run by criminals, it's still sound risk management. Bad things can happen to good companies as well.
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