ABSTRACT
Robert Thornton thought he had it made. The 55-year-old field technician was planning to retire from Lucent Technologies last year with US$263,000 in his 401(k) 1 plan. Then the telecom giant tanked, and his nest egg disappeared. ‘I had all of my plan invested in Lucent’, he laments. By the end of 2000, Lucent was down 80 per cent. Thornton, who now works for Avaya, a Lucent spin-off, has postponed his retirement for another five years (Braham, 2001)
