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Enron Type Mentality in Today's Railroading
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[quote]QUOTE: <i>Originally posted by rangerjim94</i> <br /><br />It is still possible that hijinks with the books are still going on at at least some railroads and they have not yet got caught like Penn Central was.... <br />....Railroad employees can best empower themselves by buying enough stock in their companies. <br />[/quote]Not sure that you are offering sound investing advice here. It was not service reductions that brought down Enron, it was illegal bookkeeping practices that covered up the looting of the company by company execs. You're title implies you have information concerning criminal action by executives in some railroad companies similar to that which brought down Enron. You might recall, Enron employees were also encouraged to purchase their stock, and as a result many lost their jobs, savings and retirement as a result. <br /> <br />I'd be interested in seeing some of the evidence of the illegal activities. <br /> <br />Wayne
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