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Global Crossing Lockdown Stopped Workers From Protecting Pensions
Dennis K. Berman in The Wall Street Journal via Global Action on Aging 
Feb. 5, 2002 Excerpt: Global Crossing Ltd. prevented its workers from selling company shares or other assets in their 401(k) savings plans for a total of four weeks during December and January, at a time when its fate was increasingly uncertain. While this practice is legal, these so-called lockdowns have become a big issue in the wake of Enron Corp.'s collapse. MORE >> |
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