Tribune Co. preparing to print in red ink, according to WSJ

The stock was sold soon thereafter, and the money was placed in the 401(k) wherever the employee dictated that it be placed.

I instructed my portion to go into a money-market fund (thank fucking goodness, given the market). It's why my retirement is only down 15% this year instead of 35%.

There was, actually, a better time to get out, though. About 2-3 years ago, Tribune allowed employees to begin moving ESOP stock into their other 401(k) retirement funds. Had I taken my ESOP at the time and moved it into a money-market fund, I would likely be looking at a $400,000 401(k) instead of $250,000.

 

At least, BT, you got out of that ESOP stock.

That would have been carnage.