this is a nice little twist -- an Enron executive managed to get Chung Wu, a PaineWebber broker in Houston, fired within hours of his advising several Enron employees (PaineWebber handled their stock-option program) that they might want to sell some of their Enron stock.
a day later the PaineWebber reassured the Enron employees they served that Enron's fortunes were likely headed upwards, and that the company had a "strong buy" rating on Enron.
naturally, PaineWebber insists that it acted entirely according to NASD guidlines and that the millions of dollars in investment banking fees it generated from Enron had nothing to do with their frogmarching Mr Wu to the door. (via NY Times)
