Significance
The Vivien decision provided the legal framework for many similar suits filed by employees of companies such as AOL Time Warner, Reliant Energy, Cardinal Health, Tyco International, Merck, and Dell. In the wake of these suits, many major companies have begun to restructure their 401(k) plans, eliminating the requirement to own company stock.
Read more about this topic: Vivien V. Worldcom
Famous quotes containing the word significance:
“Of what significance the light of day, if it is not the reflection of an inward dawn?—to what purpose is the veil of night withdrawn, if the morning reveals nothing to the soul? It is merely garish and glaring.”
—Henry David Thoreau (1817–1862)