Such linkages may have persisted in the long process of disinvestment that has been undertaken. Considerable progress has been made in imparting transparency and accounting for transactions on commercial considerations, but the process is far from complete.
7  Yet many workers believe that their employer's stock is less risky than broad market averages. What explains this apparent disconnect? As someone who held a large fraction of my own 401(k) plan in my company's stock for many years, perhaps I can help answer this question. There is a difference between risk and uncertainty.