input stringlengths 93 39k | output stringlengths 1 117 |
|---|---|
Dear John, Dina's returns are leaving our offices today by courier so you should have them tomorrow.
The only year for which there is an amount owing is 1998 - including interest and penalties, the total is $34 US.
Please contact Laurie Pare (403) 509-7569 or myself if you have any questions or concerns.
Best regards,
| Dina's tax returns |
This spreadsheet shows trade counts by counterparty for the month of October.
Each column represents a date, starting from today going back to October 1.
Only counterparties with at least 500 trades in all of October are shown.
The yellow highlighted rows are those counterparties that appear to be off their typical trading pace.
| trade counts for October |
As I sit here this Wednesday morning and watch ENE trade $15.80 I can not begin to explain the pit in my stomach.
I have been an employee of Enron since June of 1984, I have never written a memo to my CEO to express opinions and or ask direct questions.
I can not believe that the individuals that are responsible for this catastrophe are still employed.
And I guess I need to understand why?
FIRED THEM !
It is apparent to me that the information we have given to the market place is not sufficient enough.
"THEY" don't trust us anymore.
Get a plan of action, attack it, and save this company.
| Enron |
Attached is the August 2001 America's Asset Schedule sorted by Contact.
Could each contact please review and identify what assets are "physical assets" in which we have a contractual obligation for asset replacement.
Do NOT include any "physical asset" which an outside party has the contractual obligation for replacement.
Please be sure to include any off-balance sheet items.
Please answer with a "yes" or "no" and resend the attached schedule as your response.
This data will be used to validate our corporate insurance charge.
Please respond via email by the end of this week .
Also, please be sure to copy Kim Harris on your email.
Your cooperation is greatly appreciated and please call me (x30925) or Kim (x53474) if you have any questions.
Thanks,
| America's Physical Asset - Insurance Charge |
John, Just a few things coming up: 1.
Elizabeth Shim - getting pretty negative feedback in her logistics rotation currently - this is now two rotations where she has not performed.
Suggestion, that 1) she probably needs to rotate out of the Trading Track formally and 2) probably needs to find another home.
Comments?
2.
A London analyst is looking to come back to the US - has ranked well, currently in EBS.
His resume is attached...
I would move to have him screened by two traders and interviewed on the 1st November along with everyone else (albeit by telephone).
3.
As you know, Emil Carlson is in Stockholm - not sure if you wanted to drop him a line.
Let me know your thoughts on the above.
Thanks, Karen.
| Trading Track |
TD Waterhouse is now accepting Conditional Offers to purchase shares of Principal Financial Group, Inc, which is expected to price on 10/22/2001.
To read the preliminary prospectus filed with the SEC and place a Conditional Offer, follow these steps: - Login to your account - Click on Trading > IPO Center > IPO Offerings In the list of Current Offerings, select the offering you want and then click on the "Continue" button.
Important Information - Reaffirming Your Conditional Offer Once the registration statement is declared effective by the SEC, we will contact you via e-mail to notify you of the effectiveness of the registration statement and the price as determined by the managing underwriter.
This normally occurs on the day prior to the first day of trading.
If you still wish to participate, you will be required to respond to us by 3:00 am ET of the following business day to reaffirm your previously submitted Conditional Offer.
Please note that the e-mail notification will likely be sent after the market closes.
Please ensure that you have provided an e-mail address that you are able to access after that time.
You may change your e-mail address at anytime via the "Update E-mail" function within the IPO Center.
If it is not possible to check your e-mail after market hours, you may reaffirm your Conditional Offer following effectiveness by going to the "IPO Order Status" within the IPO Center, choosing the Conditional Offer you want to reaffirm, and clicking "Reaffirm Conditional Offer".
If you fail to reaffirm your Conditional Offer within the specified period, your Conditional Offer will automatically be cancelled.
Conditional Offers are accepted once reaffirmed, at the offering price, determined by the managing underwriter after the registration statement becomes effective.
Please note that reaffirming a Conditional Offer does not guarantee an allocation of shares.
Thank you,
| TD Waterhouse IPO Center is accepting Conditional Offers |
The World Wide RibFest "celebration of the Rib" is coming up.
This will be the 5th annual ribfest, and John Mee has his work cut out for him to defend the title he won last year (for the second time).
I believe he will have a tough time, as the competition looks increasingly focused on unseating the former Bostonian from his Throne.
For those of you who haven't been to a ribfest in the past, it's a barbeque competition where 5 to 7 cooks compete to see who can produce the best Baby Back Ribs (if you want those Fred Flintstone beef ribs, you ain't getting them here).
A blind-judging takes place to determine the winner, but often the crowd gets up in arms and nominates a "peoples choice" (though this is not officially recognized by the sanctioning body).
Every year, my wife asks the following: "So, besides Ribs, beer and margaritas, what else will be served?"
I reply: "Nothing comes to mind."
She replies: "No."
As you might expect, she wins this discussion year in, year out.
So, appetizers, sides, desserts and food & drink for the kids are also served.
The competition around the grills gets a little rough, so I recommend that the young and faint-of-heart maintain a safe distance while the cooking and competition is taking place.
The appropriate College football games will be broadcast, so you don't have to worry about missing any games.
There are a couple of changes to this year's competition: The competition will be held at the John Mee/Laura Benjamins compound in Bellaire Mike Paradise (who won the very first ribfest) has stepped out of the competition this year citing "personal reasons" Date & Time Saturday November 3rd.
We fire the grills up around 12:00, and the judging takes place between 3:00 and 3:30.
Where 4807 Elm Street in Bellaire Directions (from John Mee himself) From downtown, take 59s to 610s.
The first exit is the Bissonette//Fournace exit.
Take this exit and go through the light, noting the gouging in the lamppost from that freak cherry-picker accident from last April.
Before the Bisonette light, there is a big Chase Bank Building.
Right before that building is Elm Street.
Take a right on Elm Street exactly 236 yards to 4807 Elm Street.
Go inside and ask for directions there, cause I really don't have a clue...
KIDS Bring 'em!
We'll have the Moonwalk set up for them again this year, and we'll have hot dogs, burgers, popcorn and drinks for them.
The more kids the better.
What you need to bring Nothing, except maybe some attitude to heckle the cooks while they try to concentrate.
| RIBFEST -5- (Nov. 3rd) |
Reminder The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision?
Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own.
Please inform us ahead of time if you need special accommodations to participate in this meeting.
Call 3-9390.
| Reminder |
Executive Summary California Treasurer Angelides Sets Dates for Bridge Loans & Bonds California's Supreme Court May See Challenge to "Plan B" Angelides on Bridge Loans and Bonds CA Treasurer Angelides has said that beginning 15 August, the state will se= t up a bridge loan.
The revenue bonds will not be issued until September o= r October.
Angelides is not concerned about a cash crisis in July or Augus= t. However, he is quite worried about problems with cash flow in October a= nd November.
This is based on calculations he has done with numbers from t= he DWR and from other parts of the government, not on payment terms for pow= er.
He fears there will be a cash management problem.
California Supreme Court to Challenge "Plan B" California Attorney Michael Sturmwasser is expected to challenge "Plan B" b= efore the California Supreme Court on the basis that it results in a retroa= ctive rate increase and that it removes the PUC's authority to review power= purchases.
This is because "Plan B" enables SoCal to collect a dedicated = rate component to pay both its undercollect and its expenses going forward.= SoCal (and PG&E) would have to be guaranteed this dedicated rate componen= t to be able to operate going forward and remain credit-worthy.
This takes= the burden of financing the energy crisis away from the state and off the = state's balance sheet, a key goal of lawmakers.
However, at the same time,= it also abrogates the PUC from its responsibility to review power purchase= s. The state cannot give the utilities a blank check (in the form of a ded= icated rate component) to operate without taking authority away from the PU= C. According to the California constitution, the legislature can add to th= e responsibilities of the PUC, but it cannot take away powers from the PUC.= At the same time, ratepayers will be paying an additional surcharge for p= ower that they have already used.
Sources describe Sturmwasser's case as "= arguable"; in other words, it has a fair chance of succeeding.
However, re= gardless of whether the challenge succeeds or fails, it is very likely to c= loud the issue of the bail-out and significantly deflate the prospects of t= he Plan B.
If FERC were to impose cost-based controls on power prices, sources believe= it might "go a long way toward avoiding these problems."
Were this to hap= pen, the PUC could declare FERC's rates "just and reasonable," which would = likely greatly lessen the crisis and keep SoCal liquid.
However, such meas= ures by FERC require significant lead time.
Sources state that "the state = needs to tease the feds into doing this."
This can be done by conducting s= tudies to obtain current cost data and update the data FERC would use for d= etermining the cost controls.
Sources report that this process of "teasing= " FERC has not yet started.
This is chiefly because California politicians= are focused on flat price caps, which FERC is very unlikely to impose.
It= appears the state is asking FERC for the wrong measures, which is delaying= the process.
The only way for the state to avoid these constitutional iss= ues would be for the state to purchase the utilities, as municipal entities= would not be subject to PUC regulation.
However, there remains very signi= ficant opposition to this idea, especially on the Republican side.
A state= purchase of the utilities would likely only gain momentum once Plan B bega= n to fail for the reasons cited above.
Additionally, a state purchase of t= he utilities would be less expensive were both utilities in bankruptcy.
Sturmwasser is a partner at Sturmwasser & Woocher, a Santa Monica law firm.= (His offices are on the top floor of the tallest building in Santa Monica= , overlooking the beach.)
He has been a utilities lawyer for over 30 years= .
His clients include the consumer advocacy group TURN (Toward Utilities R= ate Normalcy), among others.
Sturmwasser will reportedly look for funding = to support the legal challenge, but if he cannot find money elsewhere, he w= ill likely be able to support it out of his own pocket.
| California Update 5/29/01 |
Dear John - The attached worksheet has my perspective on how the tolls should be escalated.
I still think this is a conservative view, since I feel that we would be able to go to these pipes and negotiate a fixed toll for the remainder of the term, or even negotiate out of these contracts for a fee.
(I'd love to take a crack at that!)
TCPL is still a wild card, and I did not change the escalations that were shown.
More will not be known with them until they get through their new rate design process, which will probably be another year (since they haven't even filed anything yet).
Call if you have any questions.. Julie :-) 35591
| Sithe Demand Charge Escalations |
For several months we have been working on an idea to exploit the staff and experience we have in Special Assets to develop a fee-for-service "executive services" business.
The key idea is to participate in potentially rewarding companies and projects without commitment of Enron's investment capital.
I believe that this would be a logical extension in applying the skills and management approach we already are taking with our own portfolio.
As part of some initial feasibility evaluations, we recently have had discussions with Bill Gartland, a Houston entrepreneur, with extensive contacts with national and provincial governmental development agencies in Spain.
Gartland is seeking management and financial expertise to promote industrial, commercial and real estate projects in Spain.
Among other things, he presently lacks the professional skills to evaluate and package projects for presentation to sophisticated capital providers in the United States and Europe.
In addition to checking personal and business references, we had Rick Carson's group perform a due diligence review of Mr. Gartland.
His background and reputation are clean.
Through Gartland's contacts we have been invited to meet with representatives with the Sociedad Estatal de Participaciones Indrustriales (SEPI), the Spanish state-owned holding company for business development.
In addition, we will meet with representatives of Instituto de Fomento (INFO), the regional government of Murcia's business development group.
INFO has agreed to fund all of our incountry expenses while in Murcia on this initial visit.
In order to take advantage of this opportunity we have accelerated our plans to test the market for the types of services we envisage providing and are scheduled to meet with SEPI, INFO and other contacts in Spain the week of June 11th.
Unfortunately, with the tight schedule we could not arrange a general meeting to cover the concept of Enron Executive Services (EnronExec).
However, we have prepared an informal presentation as a briefing prior to next week's trip.
I would stress the following points: These initial meetings are informational and relationship focused.
No commitments will be made next week.
One of the key principles of EnronExec is that we are not a source of capital.
Among the services we offer will be analysis of capital needs and preparation of business and/or project plans for presentation to capital providers.
Activities contemplated for EnronExec will complement the normal workload of Special Assets.
There will be no reduction in our efforts to achieve our primary business objectives for the team.
The expenses to evaluate the potential and, if viable, to startup the activity are modest and are consistent with our approved 2001 expense plan.
Our eventual objective to fund EnronExec is to structure cash fees at least sufficient to cover staff time and out-of-pocket costs.
We will look to acquire significant equity participation that would offer the attractive potential value upside.
As a byproduct benefit through contacts with various businesses, we may identify new synergies and opportunities for other Enron businesses.
I am very enthusiastic on EnronExec.
It appears that it may be a way to leverage Enron's unique resources and strengths into a profitable enterprise that does not require separate capital.
I would appreciate your comments and questions.
| Special Assets--Enron Executive Services |
Jim - I have attached a June 8, 2001 memorandum detailing the status of EWS litigation.
Per your request, this memorandum will be provided to you on a weekly basis.
Changes from the previous week will be in bold.
Thanks.
| Status of EWS Litigation |
The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision?
Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own.
Please inform us ahead of time if you need special accommodations to participate in this meeting.
Call 3-9390.
| The Enron Oral History Project Continues |
Tammie, Please don't forget that I will be out of the office tomorrow and Thursday.
I have elected to have an amnio done.
My appointment with the high risk doctor is at 8:45 am tomorrow morning.
They will do an ultrasound for about 1 hour and then do the amnio.
I have been told that I need to be a "couch potato" for 24 hours.
This is why I will be out on Thursday as well.
John has asked that you sit in at my desk tomorrow.
My passwords have stayed the same.
You should be able to add me as a viewer of your email and access it from my pc.
My Lotus Notes password is lipstick1.
John has a flight Thursday afternoon and a driver has already been arranged.
If you double-click on the entry on his calendar you will see the details as well as a phone number for reference if there should be a problem.
He will be out on Friday.
Please let me know if you have any questions.
I will have a second doctors appointment tomorrow at 10:00 with my regular OB/GYN so I should be home around noon.
Please feel free to call me if you need anything.
Kim
| Tomorrow - 5/30 |
I have attached the interview schedule/evaluation form and resume for the exploratory interview on Tuesday, June 12, 2001 with Faye Worthy.
Please let me know if any conflicts arise in scheduling as the candidate is traveling from Columbus, Ohio on Monday, June 11, 2001.
A hard copy of Faye's resume will be delivered to your offices on Friday, June 8, 2001.
Thank you,
| Tuesday, June 12, 2001 Interview with Faye Worthy |
Kimberly; This is to confirm Mr. Lavorato's attendance as a VP PRC Committee observer to the following meeting: ?
EES VP PRC on 12 July beginning at 8:00 am (location TBD) EES HR will provide you with additional details on the location of this meeting.
Please don't hesitate to contact me if you have any questions.
Regards,
| VP PRC Committee observer assignments. |
For the month of June there will be weekly Budget Meetings every Tuesday @ 11:00 a.m. in EB32C2.
Please mark your calendar accordingly.
Please notify me only if you are unable to attend.
June 5, 12, 19 & 26 in EB32C2 @ 11:00 a.m.
Many Thanks, Liz Taylor x31935
| Whalley's Budget Meetings - June |
Hertzberg and Keeley announced that they are filing a petition with FERC to rehear the April 26th decision regarding price caps.
After going to D.C. and meeting with several FERC members, they decided to file for a rehearing.
Their filing asks that the order should be in affect around the clock instead of just during Stage 1, that the actual costs be tied closer to the pricing of the product, and anyone that exceeding the cost-based pricing system have a 100% penalty.
Hertzberg and Keeley had a press conference today at 1:30 PST.
Questions included the impact of today's ruling and how it would affect Plan B, Hertzberg replied he was not sure.
He also indicated that they support the Feinstein bill and if the lawsuit or the rehearing efforts do not work, legislation is the last chance for price caps.
Hertzberg also indicated that he was getting to the point where CA "may just say no to prices that are too high" (via buyer cartel).
| California Update p.3; 5/29/01 |
All, The attached spreadsheet outlines the rotations for the internal new hires to the Trading Track.
I will be meeting with the new TT A&A tomorrow, and subject to them signing all associated documentation, they will join the Track immediately.
Let me know if you have any questions with respect to the rotations outlined and we can make the appropriate changes as we move forward.
Thanks,
| Trading Track - New participants (rotations assgined) |
John, Lots of stuff swirling around, but wanted to give you a few thoughts on me coming to Houston, some business, some personal.
Business: - Key functions and list of people?
- Immediate Priorities?
fix stuff, minimize chaos, cost structure?
project execution?
- Objectives for 2002 - what could this thing look like after 12 months?
Should we be in this business?
Do we price correctly?
- Reporting structure, book ownership, my relationship to you, Dave, etc., management committee?
- Figuring out west power - Belden or other structure (I have not talked with him in the last few weeks) Personal: - Dealing with the risk of moving to Houston when Enron could still implode - Mitigants: Bonus, retention stuff nailed down, prepaid relo or bridge loan - Max relo package including buying house, house rental?, etc.
- Getting the family unit down there - You have my complete loyalty and I obviously trust you, but these are extraordinary times.
Regards,
| EES Risk |
We currently have $21.4 million in reserve for potential Northwest refunds.
$10 million currently sits in the LTCA book and $11.4 currently sits in the LTNW book.
During the summer, FERC initiated an investigation into the potential of unjust and unreasonable spot prices in the northwest from December of 2000 through June of 2001.
Seatlle City Light, Tacoma City Light, Eugene Water and Electric Board, and Sacramento Municipal Utility District all filed claims at FERC for refunds from EPMI.
The claims totaled close to $100 million.
However, many of these claims were, on their face, spurious.
For example, Eugene Water and Electric Board filed for refund of forward purchases which was clearly outside the scope of FERC's proceeding.
We hired consultants from Charles River Associates (CRA) to help us with this process.
One of their tasks was to apply the CAISO competitive benchmark pricing methodology to the Northwest market.
That is, CRA attempted to reverse engineer the CAISO's methodology in order to estimate our Northwest risk.
I was informed by our litigation team that EPMI's realistic potential exposure using this methodology was roughly $30 million.
We decided to reserve roughly 2/3 of this amount which came to about $21 million.
In September a FERC Adminitrative Law Judge heard the case and submitted a draft decision to the FERC.
The draft decision recommended against any refunds.
This draft decision is supposed to come in front of the FERC commissioners for approval before the end of the year.
If this draft decision is approved, it would be appropriate to remove these reserves.
| Northwest Reserves |
The next Strategic Planning Meeting is scheduled for Wednesday, November 21 @ 11:00 a.m. in ECN 49C2.
London will participate via video conference.
Dial-in numbers have been arranged for those unable to attend the meeting.
| Stategic Planning Meeting - Wedesday, 11/21 @ 11:00 a.m. in ECN 49C2 |
Hi John, Thanks for your help on the 3 way bookout with Williams.
We would like to do some more if possible today or tomorrow.
I know Kevin Presto is out this week, if you could ask one of the other guys to help, we would appreciate it.
The trades we would like to do are as follows: For all trades: Williams sells to MS MS sells to Enron Enron sells to Williams All on peak all, 5x16: SOCO: 1) Jan-Feb 03, 250 MW $31.00 2) Mar-May 03, 150 MW $29.75 3) Jun 03, 100 MW $39.00 4) Jul-Aug 03, 150 MW $49.00 5) Sep 03, 100MW $28.50 6) Oct-Dec 03, 200 MW $29.75 Cinergy: 7) Calendar 2004, 50 MW $33.35 8) Calendar 2005, 200 MW $33.50 9) Calendar 2006, 100 MW $34.00
| More Bookouts |
John, Attached for your review is the process that I am pursuing at Mariner.
I would like to discuss it with you tomorrow if you are available in person or by phone.
Also, it appears that Mariner has another discovery in its Swordfish prospect.
The results from the 1st well are positive and we are preparing to drill the 2nd well in the next few days.
Second well will be down around Christmas.
A definitive economic impact is impossible to provide at this point but could be in the $15-$25 million range +.
Scott <<Restructure 11-20-01.doc>> - Restructure 11-20-01.doc
| Mariner |
Gents, I thought that I would let you know that Rob Hemstock informed me last night that Murray Smith (Minister of Energy) got the PPA Division Regulation through Cabinet yesterday.
This essentially allows us to split the PPA with the remaining steps being a formality.
The Sundance B PPA will become the Sundance B3 and Sundance B4 PPAs within the next week.
ENRON CANADA CORP. Derek J. Davies Vice President
| Split PPA |
Hi John, Thanks again for your help on the 3 way bookout with Williams.
In the East , we would like to do some with Constellation.
Your help in getting Rob Benson to allow us to do this would be helpful.
MS sell to Enron Enron sells to Constellation Constellation sell to Enron 50 mw Cal 03 PJM 36.50 25 mw Cal 02 Nepool 42.50 Also, Enron sells to MS MS sells to Constellation Constellation sells to Enron 25 Cal 02 Nepool ICAP 1.05 kwm Thanks,
| More Bookouts |
Enron Fuels International, Inc., company #494-EFII, has withdrawn its authorization in the following state(s) on the date(s) given: Colorado September 4, 2001 Florida September 4, 2001 Illinois September 5, 2001 Indiana September 4, 2001 Iowa August 31, 2001 Kansas November 5, 2001 Nebraska September 5, 2001 Please circulate this information to all interested parties within your group.
PLEASE NOTE: Nony Flores - copy of evidence being sent by interoffice mail Vicsandra Trujillo - copy of evidence being sent by interoffice mail Sylvia Hu - original certificate(s) delivered by messenger Lillian R. Bailey Administrator Corp. Services EB4863 Ext.
33577 Telephone 713/853-3577 Fax 713/646-8007 lillian.bailey@enron.com
| Enron Fuels International, Inc. |
John and Louise, To minimize confusion, these are the individuals that I have earmarked for RETENTION in my group: A. ENA 1.
Tholan, Scott 2.
Johnston, Robert 3.
Landry, Kimberly 4.
Walsh, Kristin 5.
Purswell, Sharon (Admin Assistant.
ADDED her for help in group layoffs and ongoing billing) 6.
Schlesinger, Judy (eSource/Research) B.
The "TAC Group" (to be settled separately) 1.
Clark, Chris 2.
Mihura, Brian 3.
Sugiura, Junichi 4.
Loup, Jason 5.
Boehm, Richard 6.
Orbeck, Dan 7.
Chancey, Donald 8.
Kooser, Kenneth 9.
Wingo, Angie (Also, two temporary workers are being retained) C. EES 1.
Golden, Kevin D. EGM ("Future Termination" Status, 30-90 days, to support Oil trading) 1.
Seigle, Clayton E. FALLON (Jim is retaining this guy for himself for his use in the layoffs) 1.
McGuinness, Francis
| Competitive Analysis Retention List: 11/21 |
Dave The PPA schedule was pushed back two weeks.
I would like to keep our meeting with Skilling because I heard he was going to Africa for 3 weeks.
Lavo
| Notification of Postponement |
The Emmisions book under Kevin McGowan will take a one time $4 Million hit today.
This is to move the curves to better reflect the current market.
This hit will stay in the Coal group but will be removed from its P/L from a performance measurement standpoint.
Now that the curves are corrected I expect a focus on building our emmisions trading business in the following ways: 1.
Understanding the fundamentals.
2.
Taking advantage of structural shifts that we forecast.
3.
Building more liquidity and being the primary market maker.
4.
Developing new traders.
Thanks
| Emmisions |
Please excuse Kim Hillis and Kay Chapman from SAP timekeeping class and provide them with the necessary tools to learn this at their desks.
I understand that with this dismissal that they will be required to learn it on their own.
Kim Hillis is currently registered for the class on Thursday, June 29 and Kay Chapman had Beverly Stephens attend on her behalf.
Please provide them with a contact name in the event that they have any questions.
| SAP Timekeeping Class |
This memo follows up on our discussion this morning.
With respect to the 15 million of increased VAR that the Board allocated to Rick Buy and Jeff Skilling I propose the following: 1.
5 Million be allocated to EES and therefore remove EES's positions from the Wholesale gas and power groups (This has already been done).
2.
Move the control and decision making of 5 Million of VAR each to the trading heads of North America (Lavorato) and Europe (Sherriff).
3.
With respect to North America I intend to create a group called the "Cross Commodity Trading Group" which will warehouse the 5 Million of VAR and use it as it sees fit (I will run this group and currently be the only employee).
This will start out as an administrative structure to use if we need to throw more VAR at certain positions (I see the individual trading groups staying within their VAR limits).
However, I do see the need for a true cross commodity group that would search for low risk / high probability trades accross the commodities that we trade.
This structure may help to start us down this path.
Please let me know what you think.
John
| VAR |
This is to confirm a meeting for tomorrow, Tuesday, July 11 at 2:00 pm.
Please reference the meeting as Systems Meeting and also note that there will be a follow up meeting.
The meeting will be held in EB3321.
Call Kim Hillis at x30681 if you have any questions.
k
| System Meeting 7/11 |
Dave, We had a meeting today with Mark Frevert, Rick Buy, Greg Whalley, Ted Murphy, Bill Bradford, Mark Haedicke, Julia Murray, Tim Belden, Elliot Mainzer, Derek Davies, Rob Milnthorp, and Peter Keohane regarding Alberta PPA.
Attached please find a copy of the presentation that was given at the meeting.
Call me so that we can discuss.
| Alberta PPA |
Please see the attached Alberta PPA presenation.
Please make review and if you have any modifications, please get with John as soon as possible.
Kim Hillis x30681
| Alberta PPA |
Dave I don't think I can follow up with 90 people.
Please advise me if I should be handling this or your group is hadling.
John
| GIS VP Profile Audit |
I wonder with Joe Sutton gone if they can cancel the worldwide Analyst and Associate PRC.
It take a lot of time away from our people and we are ranking them ourselves anyway.
John
| Final Associate/Analyst 2000 PRC - Jacoby |
We won a PPA in Alberta.
We will know for sure on Thursday when the government declares the auctin a success or not.
It is highly like that it will be a success.
| Auction closed after round 70 |
I think we are making great progress on the systems side.
I would like to set a deadline of November 10th to have a plan on all North American projects (I'm ok if fundementals groups are excluded) that is signed off on by commercial, Sally's world, and Beth's world.
When I say signed off I mean that I want signitures on a piece of paper that everyone is onside with the plan for each project.
If you don't agree don't sign.
If certain projects (ie.
the gas plan) are not done yet then lay out a timeframe that the plan will be complete.
I want much more in the way of specifics about objectives and timeframe.
Thanks for everyone's hard work on this.
John
| Systems |
Chris, John is currently evaluating the current HR list for Commercial Managers, Directors and VP's that are eligible for bonus.
Please review the list below of these commercial employees that report up to you, directly or indirectly, and let him know if you see any discrepancies.
Your prompt response would be appreciated.
Thank you,
| Information |
Max, John is currently evaluating the current HR list for Commercial Managers, Directors and VP's that are eligible for bonus.
The current list shows two commercial employees reporting to you.
They are Steven Irvin, Manager and Matthew Duffy, Manager.
Could you please respond to this email and confirm this information.
Your prompt response would be appreciated.
Thank you,
| Information |
A meeting is scheduled for tomorrow, Tuesday, November 28, 2000 with regard to the new Trading Track program.
The meeting will be held in 49C1 from 4:00 - 5:00 p.m.
If you have a conflict, please contact Kim Hillis at x30681.
| Trading Track Meeting, Tuesday, November 28, 2000 |
Despite my veto eBiz decided to publish something on California energy prices.
I think Palmer overrulled me.
He said that the article was harmless but I still think it is stupid for us to be writing articles about this.
John
| The Chairman's Reward |
Please move the names_jlavora.nsf and jorunal_jlavora.nsf files to the appropriate locations on his mail server (nahou-lnmai16).
You can either hit me on the Nextel (56517) or page me (713-327-9348) when this is ready, so I can complete his iPAQ installation.
Thanks
| John Lavorato |
Emmisions Trading will go from Kevin Presto (Greg Wolfe) to George McClellan under the following conditions.
1 - Volumes will not fall.
In fact they will increase.
2 - Wolfe will retain 1 Million of the 3 Million VAR for six months and then East Power will have no Emmisions Positions, 3 - Janel Guerrero (middle marketer) will follow the book to coal.
4 - East Power and Coal will get together and (hopefully) agree on a transfer pricing mechanism for existing positions if there are any that Greg is not keeping.
Give me a call if there are any issues.
| Emmisons Allowances |
THIS IS NO JOKE PLEASE SENDTHIS TO ALL OF CALGARY.
THANKS ANGELA TODAY IS NATIONAL FUN DAY AT WORK (so get to work!)
THANKS FOR ALL YOUR HARD WORK!
JOHN LAVORATO
| National Fun Day |
Ken, Houston's bid for the 2012 Olympic Games is entering the final phase of the domestic bid process.
This summer, the United States Olympic Committee (USOC) will conduct initial site visits and evaluations of the eight U.S. bid cities with the goal being to cut the number of cities to three or four.
This cut will occur in December of this year.
The USOC will be conducting Houston's site visit July 16-19, 2001.
This site visit is critical to our ultimate success in bringing the Olympic Games to Houston.
Over the four-day period in which the USOC site evaluation team is in Houston, two days will be devoted to venue tours and presentations.
There are eight presentation topics predetermined by the USOC, one of which is International Strategy.
Simply stated, this is where we show why we think Houston can win on the international level.
As a Port Commissioner and a board member of Houston 2012, I will be part of the team that presents this section to the USOC site evaluation team.
As arguably the most identifiable international corporate leader in Houston and as the Chairman of the 1990 Economic Summit and the 1992 Republican National Convention, both of which you left with a positive surplus (very important to the Olympics), you are in an excellent position to discuss Houston's international status.
George DeMontrond, Susan Bandy (the Houston 2012 Exec Director) and I would very much appreciate 15 minutes or so of your time to update you on Houston's bid efforts and discuss your potential participation in the upcoming site visit.
You are our first and only choice, and I'd like the opportunity to show you how important this is for Houston.
We expect the number of U.S. bid cities to be reduced to four finalists by this December as a result of these meetings.
I will call Rosalee to schedule a time for a visit at your offices.
All the best and I look forward to catching up with you soon.
I'm attaching my bio, which details the last few years of activity I've been involved with, most of which emanated from your support for me on the UH Board of Regents, the 1990 Economic Summit Host Committee, the 1992 RNC Convention and later the GHP.
Thank you for everything you've done for Sarah and me -- hopefully I've reciprocated by doing a good job for you each
| Request for meeting -- Subject: short speech to US Olympic Commit tee 7.16-19.01 |
Tired of the 40 X 40 X 40 Plan?
You know: Work 40 hours per week for someone else for 40 years, then receive a 40% reduction in pay!
Is working for a "boss" too demeaning and unrewarding?
Are you sick of depending on a job with too little pay and too many hours with no personal reward and even less future?
If you're determined to retire in the next 2 - 5 years with enough income to have REAL Financial Independence and Freedom, and are not afraid to work for it, I can help you.
I am looking for people with a Good Work Ethic and extraordinary Desire to Earn at Least $10,000 per Month Working From Home!
NO SPECIAL SKILLS OR EXPERIENCE REQUIRED.
We will give you all the training and personal support you will need to ensure your success!
This LEGITIMATE HOME-BASED INCOME OPPORTUNITY can put you back in Control of your Time, Your Finances, and Your Life!
If you've tried other opportunities in the past that have failed to live up to their promises, THIS IS DIFFERENT THAN ANYTHING ELSE YOU'VE SEEN!
THIS IS NOT A GET-RICH-QUICK SCHEME!
YOUR FINANCIAL PAST DOES NOT HAVE TO BE YOUR FINANCIAL FUTURE!
| Work at Home & Make Great Money! 9104 |
Dear Kenneth, Global security and disaster response are now more urgent than ever, requiring the participation of many countries, governments, agencies, companies, and organizations.
You are therefore invited to participate in The Global Security & Disaster Response Summit, scheduled for March 24-26, at the Washington Convention Center in downtown Washington, DC.
The Summit is the premier global forum in 2002 on global security and disaster response.
Top U.S., multilateral, and allied officials will be speaking.
General session highlights include "Protecting the Government & Critical Infrastructure"; "Relief & Reconstruction of Afghanistan"; and "South Asian & Middle Eastern Economic Development".
Numerous workshops will be offered, provided by experts on a wide array of topics, including "What State & Local Emergency Management Agencies Need From the Corporate Sector"; "Security Needs & Resources for Businesses & NGO's with Foreign Operations"; and the programs and procurement procedures and opportunities of numerous agencies, including the Homeland Security Office, FAA, Transportation Security Administration, HHS, CDC, USPS, USAID, U.S. Defense Department, United Nations, The World Bank, and many others.
As a supplier to the security, disaster response, relief, and/or reconstruction and development sectors, you need to be at this extraordinary Summit.
Respond by Tuesday, January 15, for substantial discount rates.
If you are interested in Sponsorship, click here .
If you are interested in being an Exhibitor, click here .
If you are interested in being a Delegate, click here .
To discuss sponsorship and exhibit options with our staff, please call Guy Enderle at +1 202 756 2244 or via email: enderleguy@hotmail.com .
Thank you.
We look forward to seeing you at the Summit.
Equity InternationalThe Center For Reconstruction & Development The Center For Global Security If you do not wish to receive future emails from Equity International please click the link below.
Click Here cvent.com - Reach the Response
| Global Security & Disaster Response Summit |
The ultimate goal of an IT Operations group is to provide high-quality services to end users throughout the organization, including optimum software for them to do their jobs effectively.
But deploying new software updates often has a negative impact on end user productivity.
Learn how to keep up with new software--WITHOUT sleepless nights for you or your end users.
| Low Impact Upgrades/Deployments |
Mr. Lay: Why couldn't you have worked with us?
This is the worst time of year and being in a recession has negatively impacted my prospects for work.
I've got a ton of experience and no one wants to talk to me.
I'm going to lose my home!!!!
You guys with your millions and I'm going to be devastated.
What are you thinking about?
I can't hardly sleep at night worrying about how I'm going to provide for my family.
Thanks,
| Bankruptcy |
As you welcome in the New Year, may I suggest that you take time out from your schedule to be conscious and concerned about the important issue of health.
The past year reminds us that life is precious.
I write to invite you to visit Johns Hopkins this year, or on your way to or from the World Economic Forum's Annual Meeting in New York.
As you may already be aware, Johns Hopkins has been ranked the best hospital in the United States for an unprecedented eleven consecutive years by U.S. News & World Report.
In particular, we would like to offer Members of the World Economic Forum a comprehensive health assessment, completed in a single day, ideal for busy executives.
Our Executive Health program emphasizes detecting incipient health problems in their earliest stages, and provides preventive strategies to keep executives in top form.
We also offer assistance in scheduling appointments and second opinions with Hopkins' renowned physicians, in numerous specialties ranging from Ophthalmology and Urology, to the common cancers and heart disease.
Should you be interested in consumer health information for yourself or your employees, we offer a monthly email health update free of charge.
You can simply reply to this message to request it and we would be happy to send it to you.
| Attending to Your Health -- From Johns Hopkins |
Congratulations on the successful auctioning of the trading operations.
There now seems to be a positive buzz among the employees here in Houston -- things are looking up.
Let's keep the momentum going!
| Kudos!! |
Hi Ken: I know these are tough times for you and your team.
As a friend (and former stockholder who did well), I just want to add a note of empathy and wish you well.
You did a brilliant job in building the company.
While I'm not sure about where it went wrong, I'm confident that you tried to do the right things at all times.
I hope it will resolve itself soon, but my guess is that it will be a long haul (especially with the partisan overtones).
Those guys never built anything, and you did.
Something to keep in mind as the media piles on.
All the best wishes,
| Empathy |
Dear Ken and Linda, I just want you to know William and I have been praying for you.
I know yo= ur hearts so I don't look at the circumstances and neither does God.
It do= esn't depend on the circumstances, the strength of your arm or your voice.
= I hope you find this encouraging and uplifting.
=20 I wanted to share some verses with you both and some things that Oswald Cha= mbers says in his book His Utmost for His Highest.
"My eager desire and ho= pe being that I may never feel ashamed, but that now as ever I may do honou= r to Christ in my own person by fearless courage."
Phil.
1:20 =20 "We shall all feel ashamed if we do not yield to Jesus on the point He aske= d us to yield to Him.
To get there is a question of will, not of debate no= r of reasoning, but a surrender of will, an absolute and irrevocable surren= der on that point.
An over-weaning consideration for ourselves is the thin= g that keeps us from that decison, though we put it that we are considering= others.
When we consider what it will cost others if we obey the call of = Jesus, we tell God He does not know what our obedience will mean.
Keep to = the point; He does know.
Shut out every other consideration and keep your= self before God for this one thing only- My Utmost for His Highest.
I am d= etermined to be absolutely and entirely for Him and for Him alone.
Whether = that means life or death, no matter.
Paul is determined that nothing shall= deter him from doing exactly what God wants.
God's order has to work up t= o a crisis in our lives because we will not !
heed the gentler way.
He br= ings us to the place where He askes us to be our utmost for Him, and we beg= in to debate; then He produces a providential crisis where we have to decid= e- for or against, and from that point the "Great Divide" begins.
If the c= risis has come to you on any line, surrender your will to Him absolutely an= d irrevocably.
What do you expect to do?
You do not know what you are goi= ng to do; the only thing you know is that God knows what He is doing.
Trus= t Him entirely.
You may not know what He will do next, but you have to tru= st He does.
We need to come in close contact with the teachings of Jesus C= hrist.
If we have never had the experience of taking our commonplace relig= ious shoes off our commonplace religious feet, and getting rid of all the u= ndue familiarity with which we approach God it is questionable whether we h= ave ever stood in His presence."
God bless you during this time.
We will continue to pray for God's will in= your lives.
Sincerely,
| Prayer for you |
Mr. Lay, I hope this note finds you in good health.
I wish you and your family a happy and healthy New Year.
I am currently working with a group of former Enron employees negotiating with several entities to join one of their organizations to trade various commodities (excluding power and gas).
A couple of the entities have shown definitive interest in hiring the group, but our employment at Enron and employment contracts have created significant issues.
In order for us to continue with the discussions and the possibility of employment, we have been asked to provide a letter from Enron representing that we have been released from the obligations of our various employment contracts, specifically the non-compete provision.
I know you very interested in assisting former Enron employees in succeeding with their lives and careers.
I would very much appreciate your personal help and support in this matter.
I spoke with Rosalee yesterday (January 10th) and she suggested I email this note to you with the names of the other members of this group that may have issues with their employment contracts.
The individuals other than myself are Bryan Burnett, Jeff Ader and Mark Bernstein.
Timing as always is important, I will follow up with Rosalee Monday afternoon to determine a time that I can go the office to pick up the letters.
I know you have tremendous demands on your time during this difficult period, I sincerely appreciate your attention and support.
As before, if there is anything I can do for you or family, please do not hesitate to contact me.
Thank you,
| Post Enron employment issues |
Welcome to Analytic Solutions.com!
We appreciate your subscription.
Your Username and Password are listed below.
Please save this information in your files.
This was sent to: klay@enron.com Your Username is: klay@enron.com Your Password is: enron
| Welcome to Analytic Solutions |
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Hello Mr. Lay, I want to thank you for returning my call yesterday afternoon in regards to my message and providing me an update to the retention policy.
Considering your extremely busy schedule, your call and message demonstrates your continued commitment to the Enron employees, and I truly appreciate it.
I do feel I should apologize to you for contacting you at home, my fianc?
seemed I should have contacted you at work, and as I am starting to realize she is right in most respects.
Thank you once again,
| Thank You |
* Receive a 20% discount as a return client.
Times are tough, and we'd like to save you some money.
As a valued customer, this 20% off our already competitive prices is good on any of our design elements, both pre-existing and custom orders.
* Just order during the first quarter of 2002.
If you have an event coming up in 2002, you can order anything at all during January, February and March and receive 20% off the order.
We hope that in this small way we can help the event industry, and our clients.
As always, we appreciate your business.
To Take Advantage Of Discount: Simply return this E-Mail with your company name and E-mail address.
Order any elements or design sets before Monday, April 1st and we will reserve your 20% off discount, which can be used at any time during the 2002 calendar year.
For more information, call us at 1-800-846-0717.
| 20% Discount Offer |
This message is forwarded on behalf of Artis G. Hampshire-Cowan, Esq., Secretary of the Board of Trustees.
Trustee Breana Smith asked that the attached be forwarded to your attention.
<<board lettertrusteebsmith.doc>> - board lettertrusteebsmith.doc
| See attached |
You lie like a dog.
What an affront to say, "MY family lost a lot of money this year too."
That's what you said at the Oct. 16 all-empoyee meeting.
How disgusting.
I am sure you have trouble finding health coverage.
Can't keep up your jet-setting lifestyle anymore?
Sure you can, you idiot!
Cheers!
See you in court.
| Thanks for your support |
POWER BRIEFS SPECIAL EDITION MONDAY, JUNE 4, 2001 * * * DELIVERING ON THE STRATEGY - TIRED OF CONSTANTLY CHANGING ENERGY PRICES?
NewPower Offers California Natural Gas Consumers a Two-Year, Locked-In Rate Purchase, NY-June 4, 2001-The New Power Company?, a subsidiary of NewPower Holdings, Inc. (NYSE:NPW), the first national residential and small business energy provider, today announced that it has begun offering consumers in northern California a two-year, fixed-price natural gas contract.
Consumers in Pacific Gas and Electric Co.'s service territory can lock in a low fixed rate for the entire two years.
"NewPower is enormously pleased to provide California consumers, who've been buffeted by volatile energy prices, with a stable, gas contract," said H. Eugene Lockhart, The New Power Company's president and chief executive officer.
"Smart energy shoppers in California will join the 600,000-plus customers we now serve in 19 markets."
With today's announcement, natural gas from The New Power Company is available in the following PG&E counties: Alameda, Amador, Butte, Calaveras, Colusa, Contra Costa, Fresno, Glenn, Humboldt, Kern, Kings, Madera, Marin, Mendocino, Merced, Monterey, Napa, Nevada, Placer, Sacramento, San Benito, San Bernardino, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Clara, Santa Cruz, Shasta, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Yolo, Yuba Consumers who need additional information or who want to sign up with NewPower can visit the Company's Web site at www.newpower.com or call (866) 402-3949.
About NewPower Holdings, Inc. NewPower Holdings, Inc. (NYSE: NPW), through its subsidiary, The New Power Company, www.newpower.com, is the first national provider of electricity and natural gas to residential and small commercial customers in the United States.
The Company offers consumers in restructured retail energy markets competitive energy prices, pricing choices, improved customer service and other innovative products, services and incentives.
# # #
| SPECIAL EDITION/POWER BRIEFS |
Good Afternoon!
It's Tuesday, January 15, 2002.
Today's news awaits...!
>>WHAT IS HOWARD TALKING ABOUT TODAY?
>NBC4 Hosts Students in "Reality TV" Adventure Eight Howard University School of Communications (HUSC) students will report to WRC/NBC4 today with bags in tow, all a bit anxious about the challenges their 13-week survival course holds for them.
Their bags, however, will be book bags and this is no game show.
The students are enrolled in "Surviving Year One," a new course designed exclusively for the School of Communications by NBC4 Vice President of News and Operations Bob Long and HUSC Faculty Lecturer John Decker to foster the budding journalists' transition from the classroom to the fast-paced realities of TV news.
Various NBC4 experts will teach one three-hour class weekly for the next 13 weeks, with topics ranging from "newsroom dynamics" to "auditions and agents."
"Our students are extremely sharp," says Dean Jannette L. Dates.
"This rare opportunity will make them even sharper."
| What's New at Howard University (01/15/02) |
Dear Kenneth: The best possible candidates are not visible to most EXECUTIVE JOB OPENINGS because they are not seeking a new position!
First-rate executives are progressively hard to find, and the competition to attract and keep them are intense.
Uncovering these results driven individuals requires a full-time and dedicated commitment.
Gent & Associates, Inc. search has been finding top-notch talent for firms nationwide since 1992.
Our combination of being a third party that offers proprietary recruiting techniques and research, allow us to identify and present a wide variety of desirable, candidates confidentially.
Here some top achievers that we are representing.
CONTROLLER / CFO # E7.8356 Senior executive with extensive general and financial management experience that includes full P&L responsibility, strategic planning, operations, start-ups, turnarounds, mergers, and IPO experience.
Delivered strong and sustainable revenue and income gains through expertise in cost reduction, process reengineering, cost analysis and performance measurement.
Background includes CPA and Big 5 consulting experience.
DIRECTOR / VP OF SALES # e7.4717 Dynamic sales and sales management career encompassing 16+ years of success providing vision, cross-functional, hands-on leadership and strategic direction to achieve extraordinary top and bottom-line results.
Top tier MBA with particular experience in exceeding all quotas and objectives; Met or exceeded all MBO expectations through two compensation cycles.
Overachieved on both individual and team revenue quotas in 2000 and is on track to beat targets by 40% in 2001.
DIRECTOR OF OPERATIONS # K7.2251 Accountable for all management and administrative functions for a $2M sales and service subsidiary of a multinational manufacturer of radiation detection and measurement instrumentation; Responsibilities include engineering, program management, product line management, manufacturing operations, tactical sales, strategic marketing and marketing communications, and general administrative management with full P & L responsibility.
Education includes an MBA and a BS in Electrical Engineering.
DIRECTOR / VP OF MIS # A7.3782 Results oriented strong leader of people that is responsible for all the Information Services.
Recognized for motivating, fair management style resulting in high levels of team productivity.
Reorganized information delivery system by improving sales force automation, customer reference database, order processing, and development of leading Intranet/Extranet Web commerce.
Skilled in managing the complete Life Cycle of business critical system solutions with knowledge of multiple Industries; If you would like additional information about one of these candidates or for a free no-obligation consultation, which will include salary and hiring data for a specific title, please respond to this e-mail (gentjobs@pacbell.net) or call me direct at 650-813-1260.
Let us put you in touch with the right candidates today.
Thank you for your time.
Regards,
| Available Executives! |
Representative Henry Waxman today faxed a letter to Mr. Kenneth Lay, Chairman of Enron.
This e-mail includes a copy of both this letter and the video clip referenced in the letter.
- House Committee on Government Reform - Minority Office <<pdf_enron_jan_15_let.pdf>> <<mov_enron_meeting.WMV>> - pdf_enron_jan_15_let.pdf - mov_enron_meeting.WMV
| January 15th letter from Rep. Henry Waxman |
Our new symbol (for Enron Common) will be ENRNQ.
The stock will initially be traded via Pink Sheets and quoted OTC.
Trading should begin tomorrow.
The MIP's and other securities have also been assigned symbols.
Karen is drafting a press release.
Thanks .
MEK
| New Symbol |
Please open the attached file to read the complete text of the following items: 09:11AM EDT 4-JUN-01 MORGAN STANLEY/DW (MUNSON, GILLIAN) EMC EMC CORP.: BANTER ON A BUDGET-WITH EMC 08:24AM EDT 4-JUN-01 MERRILL LYNCH (S.FORTUNA) CPQ AAPL DELL COMPAQ COMPUTER:COMPAQ FIELD TRIP HIGHLIGHTS 07:14AM EDT 4-JUN-01 SALOMON SMITH BARNEY (RICHARD GARDNER) CPQ CPQ: REDUCING REVENUE ESTIMATES; REITERATE 3H 07:02AM EDT 4-JUN-01 PRUDENTIAL SECURITIES (K.ALEXY) AAPL CPQ CMP WEEKLY INDEX OF PC AND ENTERPRISE HARDWARE, PC CHANNEL, AND DATA STORAGE STOCKS 04:35AM EDT 4-JUN-01 J.P. MORGAN (WALTER J. WINNITZKI) CPQ AAPL DELL CPQ: REDUCING ESTIMATES DUE TO ADVERSE INDUSTRY CONDITIONS 09:35AM EDT 4-JUN-01 WIT SOUNDVIEW (GARY HELMIG) IBM IBM (IBM) COMPANY UPDATE JUNE 4, 2001 HWP: EXPECT CAUTIOUS OUTLOOK AT JUNE 6 ANALYST MEETING 09:42AM EDT 4-JUN-01 SALOMON SMITH BARNEY (JOHN B. JONES JR.) HWP <<6.04.01 Analyst Reports.doc>> The analyst reports provided are reports prepared by independent analysts who monitor and track Compaq's performance.
These reports are not prepared by or at the direction of Compaq and as a result, Compaq is not endorsing or verifying the information contained in these reports or endorsing any of these analysts.
These reports are being provided solely for business reasons and as a result, do not distribute these reports to other individuals outside of Compaq.
If other individuals are interested in receiving the reports provided herein, please contact Elizabeth Davis in Compaq's Investor Relations Department at elizabeth.davis@compaq.com.
| Financial Analysts' Reports for 6.04.01 |
Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ."
This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE.
Enron is considering whether to appeal the NYSE's decision.
The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com.
Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period.
Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets."
The NYSE's delisting of our stock will not have an impact on Enron's business, and we will continue to trade in the OTC market.
Please let me know if you have any changes.
Thank you.
| draft employee memo |
Good morning.
Attached is a report of all positions ever held by Jeff Skilling while here at Enron per a request by Hardie Davis.
Tori suggested that I email it to you directly.
Please reply or call me at ext 57628 if you have any questions or other requests.
| Positions held by Jeff Skilling |
I just wanted to invite you to attend ....Please let me know if you are interested.
Thank you!
It will be fun!For Questions and to RSVP , please call 281 244-7115 or e-mail mcintyre@ghg.net Cheryl Cheryl L. Thompson-Draper C.O.B.
/C.E.O./ President Warren Electric Group cheryltd@warrenelectric.com 713 2362186 713 2362188(f) www.warrenelectric.com Hugh O'Brian Youth Leadership Texas Gulf Coast invites you to join Hugh O'Brian for HOBY HOUR!
Wednesday, January 30, 2002 6:00 pm until 8:00 pm The Petroleum Club of Houston 800 Bell Avenue You will hear the inspirational story of Hugh O'Brian Youth Leadership from the founder himself and meet some of the local alumni and volunteers Hors d'oeuvres served and cash bar available
| Invitation to a Happy "HOBY" Hour with Hugh O'Brian |
Past meeting minutes were inadvertently left out of the board packets.
The attached board meeting and executive committee meeting minutes are for your review.
Thank you.
Marilou A. Schopper Senior Vice President Center for Houston's Future
| The Center -- board package addition |
Don't forget .
.
.
., Our June 12th Board of Trustees Meeting has been cancelled.
(Please call me if you have questions regarding this matter.)
| Meeting Cancellation - Reminder |
if things are they seem, you will soon be getting poked in the a-hole by some lifer in the pen.
good job!
ps i had invested in enron and lost 100% of that money...funny that you were selling all your stock at the time...hey maybe i was buying yours... hope you like the feeling of stealing money from people like me...
| you suck |
Please do not reply to this e-mail.
This is a post only message.
If you do not wish to receive e-mail notifications in the future, please send an e-mail to seminars@aei.org, and we will take you off the list.
Thank you.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Labor Conditions and Worker Rights in China and Hong Kong Monday, January 28, 2002, 3:00-5:00 p.m. Wohlstetter Conference Center, Twelfth Floor, AEI China's supply of cheap labor has drawn textile and electronic manufacturing jobs from the United States and many developing Asian countries.
These jobs have not necessarily brought prosperity to the majority of Chinese workers-in fact, discontent has grown.
An excess of unemployed rural workers and an increase in laid-off workers from closed or privatized state-owned enterprises has produced an angry and demoralized workforce.
Worker demonstrations have been mounted in all parts of China, many regarding corruption in factory management.
Some China watchers view this worker unrest as a recipe for instability and eventual chaos.
The members of this panel suggest a possible solution: independent worker organizations in which workers can protect their own interests and contribute to the solution of some of the nation's economic problems, particularly corruption, through a democratic process.
Panelists will also address related issues in Hong Kong.
2:45 p.m.
Registration 3:00 Introduction: ARTHUR WALDRON, AEI Panelists: DONG FANG HAN, China Labor Bulletin TRINI LEUNG, author and researcher ELIZABETH TANG, Hong Kong Confederation of Trade Unions Moderator: ARTHUR WALDRON, AEI 5:00 Adjournment You may register online at www.aei.org/inv020128.htm, or fax the following form to 202.862.7171, or mail this form to Conferences, American Enterprise Institute, 1150 17th Street, N.W., Washington, DC 20036.
For additional information, please contact Heather Dresser at 202.862.5884 or MengHao Zhao at 202.862.5805.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I will attend the panel discussion on Monday, January 28.
Name: _________________________________________________________
| AEI event invitation |
Kenny, You are no friend of mine.
You belong in jail.
I hope that you experience 1/10 of the anguish that you have caused.
I am not a vengeful man, but you have done ill by those who gave their very souls to your company, and that is inexcusable.
Matt
| You Fucking Cheap Whore |
Mr. Lay We are getting blasted in the news and a lot of the information is false.
There is NO one there to tell the complete truth.
Americans are getting the news that the media wants them to hear and it is not the full truth.
Don't we need a spokesman to counter the lies?
In the end even if there were no wrong doing, it won't matter because the media (and politicians) have said the same lies over and over and finally Americans believe it no matter if it is the truth or not.
Day after day they have people on who say, "I heard that Enron has fired 20,000 employees".
They never have someone on that really knows.
And, "Enron benefited from 17 provisions in this law".
WELL - - so did Dynegy, and Williams and El Paso and on and on.
And, "Enron only paid taxes one out of five years".
WELL - - how many large companies did the same?
And, "Ken Lay called O'Neil".
WELL - - how many CEO's of large companies called him?
No one is there to represent Enron.
Enron has done things wrong, but it doesn't help if no one is there to stop the half truths and flat out lies.
Please allow someone who has the knowledge and skills to go on TV and tell both sides.
Thanks.
Cecil
| Half truths |
Dear Uncle Ken and Aunt Linda, =20 Hi!
I'm so sorry for what is all that's happening to ya'll.
I hope God wil= l help ya'll in so mnay ways to keep ya'll spirit's up through these rough = times.
I pray that God will help you, Uncle Ken through the things your co= mpany is going through.
I want to call you so many times, but didn't becau= se I don't want to distract you from your valuable time away from this big = problem you are going through.
My Political Science teacher last week said= something about Enron, I immediately raised my hand since I was the only o= ne in the class who knew what Enron was and what is kinda happening to it.
= I thought that was really interesting to tell you.
Oh, plus I used Enron f= or an example for my trial essay I had to write for my writing class.
I hop= e you don't mind that.
Well, Aunt Linda I have a new boyfriend, Zeke.
We've= been dating for now over a month and two weeks.
He's awesome!
When I get a= chance I'll send a pic!
ture to you of him.
I hope all is well with both = of you.
I LOVE and MISS ya'll both!!!
Take care and God Bless!!!
!=20 =20 Love,=20
| Hi! |
Dear Mr. Lay, Recently I received notice that Enron will no longer provide electric service for my residence "as a result of continued uncertainty in this market, as well as a lack of clarity on the future of direct access."
I find this very disappointing and would like Enron to re-consider this decision.
I am a strong believer in the free market system and, in part, it was for this reason that I chose Enron as my electric service provider several years ago when the market in California was deregulated.
I also chose Enron because of my knowledge of your company, its leadership and the strategic direction you have provided.
Never was there a time in the marketing of electric service to the State of California for a company such as Enron to exhibit long range thinking & leadership.
This is an opportunity for Enron to show commitment and staying power in a market that has "radically changed" and lacking in clarity.
I recognize it is not an easy decision to change a decision that has already been made.
However, I also consider you a risk taking, strong and capable leader who wants to make the right decision for its ultimate customers in spite of short term political decisions (that will get changed) by Governor Davis.
Sincerely,
| Leaving California Residential Market |
As you may know by now, the media learned of the employee meeting that was planned for next Wednesday, January 23 at the Hyatt.
To protect the privacy of our employees, we have chosen to cancel the meeting.
As an alternative to the Hyatt, we are looking at space options within our building.
This will require that we hold several, smaller group meetings, but will help to ensure our employees privacy and safety.
We are currently working through logistics and hope to coordinate these meetings rather quickly.
We are continuing to compile a presentation for the meetings.
It would provide an overview of our current situation, including a timeline of the bankruptcy process and other major challenges we must overcome.
It would further explain the NetCo agreement and its impact on Enron's ongoing business.
And finally, it would outline Enron's organizational structure and strategy going forward.
I will be back in touch soon with further details on the rescheduled meetings.
Regards,
| Employee Meeting |
Mr. Lay....
If you are representative of Christianity.... then obviously Jesus was an evil man.
With what you did to energy consumers and your employees through your sick, sick greed.
But Jesus is not evil, and you are not a Christian.
When Jesus said "There will be many who call me Lord!
Lord!, but they will be cast out of heaven, for they never knew me"... he was talking about YOU.
| Ken... Dick & Michael have some helpful information |
Dear Ken: Second, I want to give you a"heads-up" on a memo to the ACCF board of directors wich will arrive shortly by mail.
Both ACCF and some members of its board have been mentioned in the press around the country in connection with Enron, David Duncan (one of our directors), and you.
In addition, last week the Wall Street Journal name me as a board member in 1999, although as you know I retired in May of that year.
I wanted our directors to know how Mark Bloomfield and I have tried to handle a substantial number of calls from the press.
I have talked with no reporters and Mark has, I think, handled the few he has talked with very well.
Harmolyn and I and are praying for you in these temendously difficult and agonizing times.
Charly
| CEW Memo to ACCF Board |
Scandinavian Gas and Power 11th & 12th February 2002 Hotel Bristol, Oslo www.ibcenergy.com/scandinavia/?source-sw689em1178e ***Don't miss this opportunity to hear from the leading industry players within the field*** Dear Mr Lay IBC's Scandinavian Gas and Power conference will be the industry platform to discuss the latest strategic and technical developments in the field.
The main objective is to explore the issues of production and distribution, energy deregulation, exports, LNG technology, modern technologies and new projects as well as investment opportunities and finance in the exciting marketplace of Denmark, Norway and Sweden.
Full programme and speaker details available at www.ibcenergy.com/scandinavia/?source-sw689em1178e Speakers from: ABS Europe Eltra First Securities Hafslund Statoil Vattenfall Hafslund Norsk Hydro Sinclair Roche & Temperley Svensk Energi Statnett Norwegian School of Management Danish Energy Agency, Ministry of Environment and Energy Norwegian University of Science and Technology (NTNU) There are a number of ways for you to register for this vital conference simply call our bookings hotline + 44 (0)1932 893851.
Alternatively, book via the dedicated webpage @ www.ibcenergy.com/scandinavia/?source-sw689em1178e I look forward to meeting you in February in Oslo.
Yours sincerely,
| Scandinavian Gas and Power |
We have been able to confirm that Senator Rodney Ellis will address the directors at the board meeting tomorrow.
He will discuss the recently concluded legislative session.
If you haven't already emailed your response, please do so as soon as possible.
Thanks.
Arlene McCarty Executive Assistant to the President and CEO Greater Houston Partnership (713)844-3602 Phone (713)844-0202 Fax amccarty@houston.org www.houston.org
| Senator Rodney Ellis |
I have received all of your responses regarding the board meetings at The Huntingdon.
The first meeting will be held on Wednesday, June 20, 2001, at 4:30 p.m., at The Huntingdon in the Management Office.
I am sending this email to confirm the meeting in Dr. Butler's absence.
I am sure that the other board dates will be firmed up at that meeting.
Please call me if there are any questions.
Thank you.
Diane
| HUNTINGDON BOARD MEETINGS |
Herewith a few ideas for the October meeting in London, some of them after checking with Paul Portney and with Pankaj.
I offer these very, very preliminary thoughts just to start you thinking - do you want your UK colleagues on the program; do we want some ancillary events?
After getting your views on questions such as these, I can make more definite suggestions.
I certainly think that we should convene a few hours before the opening dinner so that the advisors can have a tour of the building and the facilities.
Also, I am hoping that Steve will leave some time on this trip for a tour of the new BA headquarters - very innovative.
We should consider doing something on the global warming question from the viewpoint of the Europeans.
Start with three recommendations on the political side that Paul received from David Victor of the Council on Foreign Relations (characterized as "a VERY smart guy on climate"): Tony Brenton (Deputy chief of mission, UK embassy in DC.
Has been on UK climate delegations for a decade; smart and lively; pragmatic; insightful).
Bo Kjellen (Swedish head of delegation; knows European politics inside out; big figure in Europe).
Tubiana, Laurence (Conseil d'Analyse Economique, France; knows the issue and can speak to French position, but may not have the gravitas of Kjellen or Brenton).
Among other ideas (I have winnowed out several) is a guy named Liam Salter at Climate Network Europe.
Brussels based, but relatively junior.
Paul also recommends a woman by the name of Laurence Tubiana, an economist in the French government's equivalent of the CEA; she has a reputation as a good presenter and a good economist.
WOULD YOU PLEASE CHECK THESE FOLKS OUT WITH YOUR LONDON PEOPLE, AND GET ADDITIONAL NAMES FROM THEM.
THE GOAL IS TO GIVE ALL OF US A PERSPECTIVE ON THE EUROPEAN VIEW ON ENVIRONMENTAL ISSUES - UNLESS YOU THINK THAT NOT A USEFUL TOPIC.
I turn now to Pankaj's suggestion, which I transmit verbatim: "I remember promising to scout around and see if there were a European whom it would be interesting to invite to talk to the Enron International Advisory Council about the (non) convergence of governance structures in Europe, particularly on the Continent, to the U.S. model.
I got the following names from Jay Lorsch (apparently all members of the committee steering a multifaculty Harvard business School project on governance in comparative perspective) as possibilities.
Jay suggested that Sihler would be best (former CEO of Henkel, very senior), Peter's second best (apparently, chairman of Amsterdam Stock Exchange now) and Smith - formerly Managing partner at Price Waterhouse Coopers - would be the most junior of the three.
I don't personally know any of the three."
Now some ideas of my own, again acting on the assumption that we want a two-way educational dialogue - to give your folks in London and Europe a run-down on the situation in the US, and the US contingent a better understanding of how European policymakers view the issues we all face.
1.Bill Kristol on the US political scene, in which there is great interest here, and great misunderstanding of the Bush administration.
We might also consider inviting Larry Lindsey or some other Bush person if allowed to do so.
2.
Someone on the European view on global warming (see suggestions above).
3.
Energy regulation in the UK.
Callum McCarthy.
4.
Economic outlook.
Gavyn Davies (usual talk).
5.
What went wrong in California (great interest in that over here) and how to fix it.
Steve could do this, or you could invite Bill Hogan (just joking) or the chairman of FERC if we are allowed to pay his way.
6.
Motivating people in a multinational, multicultural organization.
If this is of interest, I can get recommendations for speakers.
7.
I would be inclined to add a high-level speaker on the state of US-UK-European relations, perhaps as a dinner speaker.
Between Gavyn and me, we might be able to get Chancellor Gordon Brown, a very interesting guy, and the inventor of the "climate change levy" that is driving industry in this country nuts.
Please look this over.
Steve and I have to get together, preferably with Ken, which leads me to suggest Aspen during the Institute's energy forum, which I understand Ken will be attending.
But if that is not feasible, Steve and I can work out a date for a preliminary meeting, followed up by one with Ken at his convenience.
END
| October London meeting |
YOU AND THE CEO OF YOUR FILTHY MONEY GRUBBING INSTITUTION CAN GO TO HELL!!!!
I TRUST THE PRESIDENT OF YOUR CORPORATION IS STRUCK DOWN BY LIGHTENING.
WHAT STINKING CAPITALIST PIGS YOU ARE.
IF YOU THINK THAT STUPID PIECE OF TEXAS SHIT WHOSE IN THE WHITE HOUSE IS GOING TO HELP YOU STAY AFLOAT IN FOUR YEARS START LOOKING AT WHERE THE LUDICROUS CAPITALISTIC RIGHT WING BIBLE BEATING MORONS ARE GOING.
WAIT TO THE REVOLUTION STARTS AND THAT IDIOT CEO OF YOUR STINKING PIECE OF SHIT COMPANY GOES ON TRIAL.
FUCK ENRON AND FUCK EVERYTHING YOUR KIND OF MONOPOLISTIC CRAP REPRESENTS.
MAY THE BOARD OF DIRECTORS AND CEOS OF ALL THE STINKING TEXAS UTILITIES COME DOWN WITH INCURABLE CANCER.
| MAY YOU DIE OF AIDS |
Dear Mr Lay Eyeforenergy Asia 2001 takes place at the Shangri La Hotel in Singapore, 15-17 October.
It is the follow-up to last year's e-Business for Energy Asia Pacific, which also took place in Singapore, and will be the meeting-place this year for the senior energy executives in the region to discuss all the latest developments in the industry - e-business, regulatory change, and the subsequent financial impact on both the new and old economies.
I would like to invite you to give a keynote presentation at the conference.
I have attached the full program.
We expect 150 very senior delegates from across the energy industry, from Asia and beyond - oil and gas co's, but also electricity utilities, as well as exchanges, analysts and investors.
Speakers will come from companies such as Caltex, BP, Shell, Petronas, Premier and Texaco, and, hopefully, Enron.
If you have any questions at all, or would like to discuss your presentation in more detail, please do not hesitate to give me a call or drop me an email.
Best regards
| Speaking Invitation |
Ken: I am writing to seek coming back to Enron.
I chose retirement in April this year at age 57 because we all thought the stock was going to $120 or thereabouts.
We know what happened.
I was your VP of Engineering for EE&CC under Larry Izzo.
You might remember me, we last met at your Marco Polo awards dinner, my wife, Brenda, was the one in the Red wheelchair talking with Mr. Kissinger.
I could help bring some intellectual capital back to Enron and help the company succeed.
My resume is attached.
I appreciate any consideration you can make.
Thanks,
| Update on Retirement |
Hello Everyone, Just a friendly reminder that the Family dinner is planned for the 12th at the Grotto restaurant in their private room at 5:30.
Good food and good fun!
Please RSVP by Friday.
David and Courtney I know that you are not coming but I wanted to include you in the reminder incase your plans changed.
For those recieving osmars food.
To make thing run smoothly in his department it is very important that you return the circle menu by the friday before the menu starts.
Osmars mondays have been very rushed while he waits to find out who is eating.
If you know you are going to be out of town then please email me or indicate this on the menu and return it to Osmar.
I have completed the holiday house schedule for 2002 and Sally is madly typing as we speak.
I would expect to see it early next week.
Please note that I will be in Aspen all next week, and in Canada until the 21st.
If you need to reach me do not hesitate to call my mobile or email me.
Take Care, Barb
| Family dinner |
Sir I am an Enron employee.
I tried to send this e-mail using name of your high office as e-mail ID, however the same came back as undelivered with the fatal error message from server.
Since the matter is very serious, I am respectfully marking it to your direct attention and consideration.
With Kind Regards Ravi Garg
| Dabhol India - Illegal Action and Criminal Conduct / violation of human rights |
ALMIGHTY AND EVER LIVING GOD MAY THE HEDIOUS CEOS OF ENRON, ELPASO AND DUKE DIE OF CANCER, MAY THEIR FAMILIES BE CURSED FOREVER WITH THE PLAGUE, MAY YOU STRIKE THEM WITH ELECTRICAL SHOCK SO THEY ARE INFIRM AND SUFFER MISERABLE DEATHS.
MAY THEIR CORPORATE JETS RUN OUT OF FUEL, CRASHING AND LIVING THEM WITHOUT LIMBS, MAY THEIR SKIN BE EXPOSED TO CANCER, MAY THEY BREATHE SMOG FOR ETERNITY, MAY THEY CHOKE TO DEATH THE NEXT TIME THEY EAT A BIG MAC SINCE THEY ARE ALL BIG FAT WHITE MEN.
MAY THEIR EYES FALL OUT.
MAY GENERATIONS OF CEOS AND THEIR OFFSPRING HAVE HORRENDOUS DISEASES.
ALL OF THIS IN CHRIST'S NAME THAT CEOS OF THESE COMPANIES MAY BE JUDGED FOR AN ETERNITY OF FILTHY SUFFERING IN HELL.
MAY THEIR MISTRESSES GIVE THEM AIDS.
MAY THEY BE CURSED FOR THE CRIMES THEY ARE COMMITTING AGAINST HUMANITY INCLUDING THAT IDIOT FROM TEXAS WHO WILL BE KNOWN AS A ONE TERM PRESIDENT LIKE HIS HORRIBLE FATHER.
AS FOR THE FAT VICE PRESIDENT, MAY HIS WIFE TURN INTO A BIG DYKE LIKE HE'S DAUGHTER.
IN THE NAME OF THE GREAT 666, MAY THE DEVIL OPEN HIS HEART TO CURSE ALL OF THE CEOS AND THEIR FAMILIES IN CHRIST'S NAME.
AMEN PRAYED NIGHTLY BY THE PEOPLE OF CALIFORNIA
| A PRAYER FOR THE FALL AND DESTRUCTION OF CEOS AT ENRON, ELPASO AND DUKE |
Judy called to let us know that Moritz Craven is doing well following his surgery on Wednesday.
He's in St. Joseph's hospital and will be moved from ICU to a room sometime today.
They anticipate he will be released from the hospital the middle of next week.
Judy said all they need is for us to keep them in our prayers.
| Moritz Craven |
I wanted to assure all of you that the issues raised by Mingchen Lian are currently being addressed, and are being treated with the utmost of urgency and sensitivity.
If you receive additional communication from Mingchen, please forward directly to Michelle Cash or to me for resolution.
Thanks,
| Employee Concern |
Dr. Kenneth L. Lay Chairman of the Board Enron Corp. Dear Dr. Lay, We met less than a week ago, on Wednesday 16 May 2001, during the OECD Forum 2001 in Paris.
I'm an independent consultant and innovator, with a special interest in energy and new technologies.
I have more than ten years experience in research and innovation in economics, business and technology.
I attended the session on energy you chaired during that OECD Forum.
After the session, I had a discussion with you.
Unfortunately, your time was too short.
You gave me your card and asked me to write you.
As I told you, I think I can add value to your staff, bring new lines of businesses to Enron and with them, many new clients.
And above all, unprecedented profits.
I am writing you to propose my contribution in these purposes.
I'm mainly making three proposals to Enron.
1.- Working for Enron as an external consultant.
Here, I would rather like to work on assignments, medium or long term, with a preference for the following jobs: risk assessment and/or management, strategic analysis on geopolitical, macroeconomics and societal issues.
I think these are important tasks for a company like Enron.
The current problems with Enron's Dabhol power plant in the Maharashtra state in India stresses the kind of importance I'm mentioning.
I can also conduct surveys and provide Enron with technical and fruitful information and policy recommendations.
I've done a job like that recently, on the oil-pipeline project in Chad and Cameroon.
As you may already know, this is a $4 billion project recently launched, with the support of the World Bank, and led by three major energy firms: Exxon and Chevron of the USA, and Petronas of Malaysia.
I wrote a detailed and long report, which combined public and private sectors' concerns, and also communities' interests.
Having operations worldwide, Enron I think needs the type of technical works I've done on that major energy project.
I have a good expertise in energy economics.
I attend international congresses on that subject, for instance in Boston in January 2000.
Since more than five years, as a journalist or as an independent consultant, I have been covering the works and studies of, or participated to workshops and seminar organized by, the IEA (International Energy Association).
I know Mr. Robert Priddle, IEA chair, who also attended that energy session during the OECD Forum 2001.
I know the work he and his team of experts have been doing.
2.- Being fully employed by Enron.
In this respect, I would prefer to work as a researcher for either Enron Project Development and Management or Capital and Risk Management departments.
In these fields, I've also innovated.
I've created among concepts, tools and processes.
For instance, the "Sensible Guide for Action".
This is a tool theoretically powerful and practically very efficacious.
It's main goal is to help decision-makers, in both private and public sectors.
The Sensible Guide for Action assists them in their approach to solve technical problems.
The SGA is a five-leaf bough.
I've also created a method to assess a firm capacity to create wealth.
This method can be adapted to fit some particular projects.
The method is very useful in countries where there's no stocks market, and where capital markets are not sufficiently large.
That's the case of underdeveloped countries in general, where yet the energy demand if forecast to grow the most in the coming decades.
Enron cannot overlook this, or miss the business and profit opportunities in this growth.
3.- The Business of Businesses.
Dear Dr Lay, if you accept this third proposal, it will probably be the best investment Enron has ever made.
I'm an independent researcher and entrepreneur, with a strong quantitative analysis competence, and a multidisciplinary background, both by education and professionally.
I'm a graduate in mathematics and in mechanical engineering (University of Paris) and also in business and economics (Institut d'Etudes Politiques of Paris).
In this third proposal I'm bringing to Enron two key inventions I've made, two types of financial products targeting consumers and companies.
I believe they will interest Enron.
These products have a market potential worldwide, unlimited.
They will create an entirely new industry: the business of businesses.
I'm currently looking for investors with whom I can launch those products.
We will be the world leader here, and remain in that position for a long time before copycats try to reach us.
I've created the products, and nobody knows about them or about their extraordinary markets.
I started to talk to you about these products when we met, but you were hurrying, and the many solicitations and noises of the Forum made it difficult to explain my point.
I'm writing you as you asked me, because firstly I believe these products will interest Enron.
Secondly I know how these products will boost three types of Enron services: Online Marketplace; Broadband Services; and Energy & Commodities.
Plus, these products, and the business of businesses they create are an excellent placement for Enron.
Among the many reasons why I believe my products will interest Enron are these: (i) Their market is global.
(ii) They are directly related to consumption and savings.
(iii) They're excellent saving vehicles, for instance for pension or life insurance.
(iv) They concern payment transactions and transmissions (And thanks to information technology, costs here decrease while productivity will grow).
(v) They are both offline and online business (These products will be excellent for Enron e-business).
(vi) I want to be and remain a global leader.
(vii) The products' growth potential is borderless (viii) There's no competitor and before copycats arrive we would have strongly imposed ourselves as The Leader and the Reference, increasing chances that customers remain faithful to us.
(ix) My products will allow Enron to beat its competitors.
(x) Enron will earn a lot of revenues, many new clients, and very big and unprecedented profits.
I'm looking for investors willing to put around $7 million.
Given that the revenues generated can very rapidly reach the range of $500 million to $1 billion, that initial $7 million is a wise and very profitable investment.
If you're interested, I'm ready to present the products and its business scenario to you.
The business model is very innovative, unprecedented.
These products' market is the whole world.
But the first three markets I would like to attack are the UK, Germany and moreover, Japan.
Today's news about Japan is rather bad.
Economists and many observers see a declining Japan.
Me not.
They may be right from a pure statistical and macroeconomic viewpoint.
But they fail to see deeper.
They overlook the other face of Japan.
For my part, I see great business opportunities in Japan, today and for the coming decade.
Particularly for the financial products I'm proposing.
These financial products I want Enron to launch with me in Japan, perfectly fit Japanese consumption manners, their problematic pension system, and life insurance structure there.
Public pension systems are under pressure every where, particularly in Japan.
In Germany they are trying to reform it.
But there's no consensus in the governments (federal and states') or in the Parliaments (federal and states').
Last week, Chancellor Gerhard Schr?der won some parliamentary approval.
But the package he proposed is far from solving the issue.
In the meantime, problems may accumulate, the situation could worsen.
What seems sure is that in a foreseeable future, governments, not only in Germany but in all developed and ageing countries, will no longer be able to pay pensions at the level they have promised or are continuing to promise.
An additional bad news, even company pensions will suffer.
In today's "Financial Times" (Tuesday 22 May 2001, page 17), Peter Thompson, incoming chairman of the British National Association of Pension Funds "warned UK workers that they would no longer rely on comfortable company".
He adds that "many wold have to work until they were 75 -- 10 years longer than the
| Three proposals, following up our recent meeting. |
Joint Center Update 01-07 June 6, 2001 UPCOMING EVENT June 19, 2001--U.S.
CLIMATE POLICY: WHAT'S NEXT?
The Joint Center has assembled a team of experts to share their views on sensible climate policies in a post-Kyoto world.
For agenda and registration, see
| Joint Center Update 01-07 |
Prescribing Ritalin: Who Decides?Doctors or Lawyers?
Monday, June 18, 2001, 9:30 a.m.*Noon Wohlstetter Conference Center, Twelfth Floor, AEI The medical community has undertaken a vigorous debate about attention deficit hyperactivity disorder (ADHD).
At one extreme are doctors, psychologists, and others who question whether clinicians are "medicalizing" childhood.
At the other pole are doctors who eagerly prescribe medications for youngsters at the slightest hint of trouble.
Nonetheless, while over diagnosis and over prescribing are legitimate concerns, the consensus among mental health professionals is that ADHD exists and that stimulant therapies like Ritalin are effective.
A legal debate has now been added to the medical one.
Trial lawyers representing a class of parents whose children were diagnosed with ADHD have filed lawsuits in several states against the maker of Ritalin and the American Psychiatric Association.
They allege that the two conspired to "create" a disease to hype the benefits of the drug.
This conference will include an overview of the ADHD controversy and an examination of the implications of the ADHD litigation, followed by a question and answer period.
9:00 a.m.
Registration and Continental Breakfast 9:30 The Clinical Aspects of ADHD Panelists: Marilyn Benoit, American Academy of Adolescent and Child Psychiatrty William Carey, Children's Hospital of Philadelphia Jerome Wiener, George Washington University of Medicine and Health Science The Legal Controversy over ADHD 10:45 Panelists: John Coale, Coale Cooley Lietz Mc Inerny Peter Huber, Manhattan Institute for Policy Research David Siegel, Crowell & Moring, LLP Moderator: Sally Satel Noon Adjournment I will attend the conference on June 18th Name: Title: Affiliation: Address: City/State/Zip: Telephone: Fax: Email:
| Ritalin Conference |
Mr. Lay, Recent developments with EBS are causing me significant concern.
I became employed by Enron (EBS) as part of the acquisition of DataSystems Group, Inc. in 1999.
Part of that employment agreement included a retention bonus, payable in three installments in March of 2000, 2001, and 2002.
We were told that bonus was payable if we did not voluntarily terminate (quit) prior to those dates.
With the highly uncertain future of EBS, I am faced with two likely scenarios: Scenario 1 - EBS terminates as part of a severance prior to February of 2002.
I receive no bonus for 2001 after working countless hours of overtime to "save EBS".
I receive no retention payment because I was severed prior to March 31.
Scenario 2 - Enron divests EBS to a third party.
Third party terminates employment with little or no severance.
I receive no bonus for 2001 after working countless hours of overtime to "save EBS".
I receive no retention payment because I was severed prior to March 31.
As my wife and I both work for EBS, this is an even greater concern to me.
At the recent all-employee meeting, you asked everyone to redouble their work, work harder and more than before to help pull Enron out of this current crisis.
I find it difficult (as do those working for me) to commit to this effort while we're facing what appears to be almost certain personal disaster.
We have been working tirelessly on the Microsoft deal since the beginning of the year.
It now is beginning to look like we'll see no acknowledgement from Enron for the work.
I would like to know what you and Enron can do to assuage the concerns my reports and I have over these issues.
Thank you,
| Concern about EBS |
As promised, I have attached for your records and files the 2001-2002 United Way Board Roster.
Our United Way is committed to maintaining the privacy (phone numbers and addresses) of our members.
Please know, this roster is shared only with members of our board.
<<botintl01.doc>>
| United Way Board Roster |
Ken: I started buying Enron again this morning because I know that all the sellers have vastly underestimated Ken Lay!
And I wanted to say that more of them should be remembering what has been accomplished at Enron.
Aside from ENE stock price, I trust all is well with you and your familyand that you, like us, were all relatively unaffected by Sep 11.
We are fortunate to have work and other commitments to keep us busy so that we don't have time to worry too much about anthrax, etc.
Our base technology merger and acquisition business has remained steady this year and we are now seeing increased activity again.
Our "B2B" semi spare parts supply chain integration company, netMercury, has weathered the downturn, with most of its competitors out of business now, and its future looks bright.
I am starting a small venture capital fund to take advantage of great investment opportunities in semiconductor and optical processing technologies.
I am now commuting from Sonoma most days and I do think about terrorism every time I cross the golden gate bridge--what a spectacular event an
| A Brighter Future |
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