Wall Streeters Lose $2 Billion in 401(k) Bet on Own Firms

Wall Streeters Lose $2 Billion in 401(k) Bet on Own Firms

Scott Eells/Bloomberg

U.S. workers given the option of owning company stock held about 13.4 percent of their 401(k) assets in employer shares at the end of March, down from 22.4 percent at the beginning of 2006.