Tell The Truth, Get Your Ass Fired

In case you needed any documented instances of this tried-and-true, age-old management stategy, read about the last honest man in Houston who warned his clients — Enron employees — on August 21 to get out of Enron stock fast, as it was deteriorating, and got fired for it.

It's in today's New York Times. An employee at UBS PaineWebber, a broker named Chung Wu, apparently warned his clients in the employee stock option program to get out of Enron stock on August 21, the same day Kenneth Lay sold $4M of his stock. Who helped shut him up and get his butt fired — the Enron guy who ran the stock option program. It's so great to have a company looking out for your financial well-being. It just makes you feel all warm and secure, doesn't it?