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Please join the WPO Forum Meeting, on June 11, 2001, hosted by Walter Pye: Restaurant - Brennan's Houston - 3300 Smith Street - Map Room 5:30pm Cocktails 6:00pm Dinner Please r.s.v.p.
to me by return e-mail.
Thank you.
| WPO Forum - June 11, 2001 |
Dad, I know this has been more difficult than I can conceive, so I did what every good seminary student should and looked for something that might help a little.
Solomon, when he was made king, asked only for wisdom and God gave it to him as well as many other blessings.
The wisdom, as you well know, helped him to be a great ruler.
There is no doubt God has already given you great wisdom and will continue to bless your life.
You are always in my prayers.
Love,
| Wisdom |
Good Morning All, As a matter of information, I am forwarding the below attached document.
Please give us a call, should you need us.
Thank!!
<<organization Changes.doc>>
| Organizational Change |
Mr. Lay, as an employee about to enter his 18th year with Enron, I am deeply concerned about the situation our company is currently in.
Although I have every confidence that we will recover, could I respectfully ask that employees be given a daily update on what steps are being taken to reverse the trend that the company is in?
I realize that you and your team are diligently working to correct it, but I believe it would help morale if employees could hear on a more frequent basis specifically what our management is doing.
Anyone who monitors ENE on the stock market has been reading numerous negative articles and headlines, and it would be reassuring to know that there is some potentially positive news.
Thank you for listening.
| Our company's situation |
Mr. Lay- I am a long-term Enron employee and have shared your vision of building Enron for over 10 years.
It has been exciting being a part of building the World's Largest Energy Company.
I am concerned about the short term turn of events at Enron but still feel loyal and committed to Enron and your vision.
Unfortunately, my passion to follow your vision has led me to keep the many stock options I have accumulated over the years instead of "cashing out".
I am now faced with options that not only are "under water" but also some will expire as soon as January 2002.
I know it is not possible to reset the option price.
However, is it possible to extend the option expiration date on these options a few years?
I believe Enron will eventually rebound and I still believe in your vision but I also believe it will be a while before we can recapture the confidence of the markets.
Thanks and keep the faith.
| Option Expiration |
...bring in a respected CEO from OUTSIDE the company.
Do SOMETHING.
All you need is one or two days of positive news (something...
ANYTHING) to stop the freefall and get analysts to reassess the stock and see it for the bargain it is.
But then again, why listen to me.
If I was so smart I WOULDN'T STILL BE HOLDING THE ENRON STOCK I BOUGHT IN AUGUST.
Sincerely, A Shareholder
| Stop the bleeding... |
Dear Mr. Lay, Greetings from Canada.
I had forwarded a letter yesterday to enquire your interest in obtaining the services of Mr. Jack Welch (GE) to head up an independant committee to review the limited partnership liabilities for Enron.
Please indicate if you are interested in this proposal.
If not, what is your plan to address the confidence crisis in disclosure at this time?
Sincerely,
| Proposal for disclosure Committee |
October 30, 2001 Ken, With every article I read concerning Enron, I think of you and the obstacles you surmounted in the mid-80s.
If you need help in the Public Affairs arena, my timing is perfect.
Peyton and I, within the last month, moved into our new home in Santa Fe.
I am between commitments to allow time to get settled in the new place.
I will be happy to come to Houston if I can assist you in any way.
Hang tough!
Every good Wish, Nancy
| New Location |
Dear Dr. Lay, President Putin is coming to Rice on November 14th.
He will speak at Stude Hall (in the music school) from 12:00-12:40pm and has asked to meet a few select energy company executives at a private reception held in a nearby room from 12:40-1:00pm.
Although not confirmed, it is anticipated that 41 will also be there and, of course, Mr. Baker and Ambassador Djerejian.
President Putin is making this special stop between his meetings in Washington with 43 and his visit to the ranch in Crawford.
Please let us know if you would like to attend and I will see that you receive a formal invitation.
I can be contacted at 713-348-2374 or by e-mail at jelyons@alumni.rice.edu.
Best Regards,
| Putin Reception |
I just wanted to let you know that if there is anything I can do to help I am more than willing to do it.
These are difficult times and I am doing alot of floor meetings and table talks with the employees.
They clearly do not understand how we got into this situation and just want some face time with Management.
With the exception of NEPCO our fourth quarter looks good.
I have uncovered alot of issues with NEPCO that I do not think anyone knew existed.
I'll know more Friday after a businnes/budget review session.
Please let me know if I can help.
Stan
| Difficult times |
Dear Dr. Lay: As a stockholder, I am as upset as you, most Enron employees and other co-shareholders are given Enron's recent performance due to questionable management by scrupulous officers at Enron.
As an ex-employee, I have seen many signs of a major collapse, given the fact that Enron's values (such as Respect, Integrity, Communicatons and Excellence) were simply not followed by Enron's officers and senior members of management.
There are examples, such as in Panama, Palestine, and the Dominican Republic.
One bad deal after the other with questionable economics and accounting to make each deal look good for the personal benefit of one individual in charge.
It is about time that you get rid of these individuals and bring Enron back to what you have built over the years to be a successful company.
Regards,
| stockholder comments |
Dear Mr. Lay - My name is Bobby Gerry and I am an employee here at Enron.
I do not know if I may be able to provide any financial help to Enron, but certainly I would like to make myself available.
As a family, we own an approximate $700 million in Exxon stock and maintain excellent relationships with several investment banks.
My mother, Sandra Mosbacher, myself, my brother, as well as my Aunt Caroline Law have all been actively following Enron's situation and are available to help in any way we can.
Sincerest regards, Bobby Gerry
| any help i can provide |
Gentlemen: There was a discussion at the Executive Committee meeting last week regarding a bylaw change.
Eliminate existing Bylaw 9 and change it to read that "Members will retain Graduate status for only as long a period as they held Active membership or until normal council retirement at age 72, whichever occurs first."
The following members would be immediately affected by the proposed change and would leave the council: Sam Armacost, Percy Barnevik, Art Blank, Michael Bonsignore, Ed Budd, Ed Carpenter, David Coulter, Walter Forbes, Jim Johnson, Tim Koogle, Jack Krol, Paul Lego, Jan Leschly, Dick McCormick, Eckhard Pfeiffer, Rick Scott, Pete Silas, Jeff Skilling, Bob Stempel, Rick Thoman, John Walter, Dennis Weatherstone and Bob Winters.
The mandatory retirement provision affects an additional 49 members.
In summary, we currently have 115 Active members and would be reducing the Graduate members from 149 to 77.
Frankly, a more dramatic change than I thought.
Any thoughts?
Phil
| By-law Change |
Mr. Lay: Pug asked me to forward the attached document for your review.
If you have any questions, please do not hesitate to contact me.
Many thanks -
| Message from Pug |
Mr. Lay, It was brought up in a floor meeting this morning that you are probably receiving a lot of negative feedback.
Well I would like to offer my positive support.
I truly believe that we shall come out of this bruised but not beaten.
I have the utmost respect and admiration for you.
I know that under your leadership we shall once again be back on top!
Please know that you are always in our thoughts and prayers.
Keep fighting the good fight!!
You have more employees behind than you know!!
We are all committed to working harder than ever and do whatever it takes to weather this storm.
We shall survive!
Enron rocks!!
Regards,
| My Support |
Dear Mr Lay- May I re-introduce myself.
Several years ago we met when you returned to the Navy Supply Corps School, Athens, Georgia to receive your Distinguished Alumni Award and recognition.
My name is Bob Gregory and I am a retired Navy Supply Corps Captain, living in Athens.
I am now the Vice President of the Navy Supply Corps Foundation and also direct the Distinguished Alumni Program.
I do management consulting here in Athens.
I have read Enron Corp. is considering building a gas powered power plant here in Athens-Clarke County.
From my understanding, the plant is to be built in an industrially zoned park.
I believe the plant would be a natural for the area.
The project appears to be moving though the county's planning bueracracy, however I note some of the votes have been close.
As you can see in the attached article, the environmental folks are starting to raise their heads in protest.
I personally believe the plant is a great project and favor it enthusiastically.
To me, it is a "no brainer".
I do believe, however, Enron could make a public relations "coup de tat".
The idea of a member of the Navy Supply Corps School's Distinguished Alumni deciding to build a major new plant here in Athens, Georgia, could bring a lot of good press for both the plant and Enron, Inc in particular.
I would be pleased to assist the Enron effort and help disseminate your Supply Corps connection here in Athens.
I have discussed your Distinguished Alumni affiliation with Mayor Doc Eldridge.
He is in full support of the power plant.
He is a great supporter or the Navy Supply Corps School and your Supply Corps Distinguished Alumni-Athens-Clarke County connection Obliviously, I will not do anything further without acknowledgement and authorization from your office.
I do believe we can quell the "natives" and dramatically reduce the environmentalist's influence against the project.
Please advise.
GO NAVY!!
Best regards,
| Supply Corps Distinguished Alumni/Athens-Clarke County Power Plant |
Ken, I know you have a million things going on, but I was just going to mention that I'm spending the week-end of November 9th with Keith Bailey at his house in Tulsa.
If there is anything you want me to discuss with him, please advise.
Take care and good luck on bringing Enron back to the place where we belong in the Industry, i.e.
Number 1!
Norm
| The Williams Companies |
Mr Lay, To suggest that I am merely disappointed by Enron's performance in both the public markets and the broader corporate universe is an understatement.
Enron is at a crossroads with one path leading to irrelevance assigned to companies unable to rise in the face of crisis, and the other path being reserved for those that not only survive, but come out stronger.
I'm sure you can easily identify examples of each without my help.
Every individual in management and oversight (the Board of Directors) shares the blame and responsibility to take drastic action and come clean.
Enron now has a higher bar of corporate governance than other publicly traded companies due to the reckless squandering of trust that resulted from actions of many individuals who believed they were clever and crafty, or just plain greedy.
Furthermore, I strongly suggest to you that many senior managers within the corporate suites of Enron no longer have a place in the company, quite possibly that may include yourself.
A clean break and a thorough cleaning is clearly required.
In years past, when asked about the companies that I admired and watched, Enron always was on the short list.
Sadly, I can no longer say that.
Jeff Nolan, an Enron shareholder
| corporate responsibility |
Ken, In the midst of all the criticism of the company and noise from all sides, I wanted to let you know I think of you often, reflect on the occasions when I have been at the table as you sorted through difficult situations and have the utmost confidence in your ability to do so again.
Let me know if there is anything I can do to help-with RFF or otherwise.
Dod
| Personal Message |
Dear Ken, In view of a very important decision that has to be taken in the next days concerning our Annual Meeting 2002, I would appreciate to have an opportunity to get your personal advice.
I would be grateful if you could call me as soon as possible at the following numbers: Friday 2 November: during the day - until 5:00 pm Geneva time office direct number (41-22) 869-1261 or (41-22) 869-1279 (Maryse Zwick) in the evening, home number (41-22) 752-4722 I can also be reached on my mobile: (41-79) 200-9475 Saturday 3 and Sunday 4 November: at home: number (41-22) 752-4722. or mobile number: (41-79) 200-9475 Should you not be able to call me, then I will send you a short memorandum about the situation on Monday.
I look forward to talking to you soon.
Best regards,
| Annual Meeting 2002 |
Dear Dr. Ken Lay - It was my pleasure to meet you during the WCS cermony in New York earlier this year during which Enron received the award for the work we have done in Bolivia with the WCS and other NGOs.
During a staff call today in my group the rumor of the potential cancellation of the offsite in San Antonio was mentioned.
Hopefully this rumor is nothing more than that - a rumor.
During the time of crises the transmittal of information is critical.
Furthermore having the Enron management at the VP and above level bought into the way forward for the company is a must for the continued success of the company.
rgds Laine Powell Vice President Cuiaba Project
| San Antonio Offsite - Communication |
Ken, Let me expand on some of issues we covered in Houston earlier this week.
Some of this is outside my purview, but want you to have the benefit of my objective, outside, reasonably well-informed perspective.
Please call to discuss any of this at any time.
1.)
Establish your own internal advisory group to plan/coordinate all company actions during this period.
Meet/call with full group at end of each day to assess develoments, adjust strategies, set next day's actions.
In my view, that group should include: Bowen, Derrick, Delainey, Frevert, McMahon, Tilney.
(I am happy to participate at any time.)
2.)
I'd assign specific tasks to this core group and other senior execs.
as follows: Bowen: new IR point person.
Have him visit and re-visit sell-side analysts, provide update on status of core business, financing, promise ongoing communications, full disclosure, renewed commitment to candor, clarity.
(I can help prepare/advise him on this new role.)
Derrick: monitor SEC investigation, shareholder suits etc.
Keep tight leash on MacLusas and Wilmer Cutler.
Engage outside lawyers in discussion of SEC leak strategy, endgame and public relations implications.
(I have considerable experience in this space and would be happy to talk/work with Derrick to insure that the public face of this SEC investigation is seriously evaluated as part of Enron's SEC strategy.)
Delainey: have him spend his time meeting, calling, talking with wholesale and retail customers.
Quite similar presentation to that Bowen delivers to the Street.
Humility, candor, commitment to continue serving customers should be core thematics.
Frevert: have him devote his time to calling on, talking with international customers with similar messages to those delivered by Delainey.
Also have him take charge of wholesale review/potential revamp of Enron's performance review/comp programs.
(This is where Herb Allison, Merrill's former COO, could be helpful.)
McMahon: he's your point person with lenders, ratings agencies.
I'd also have him work with Tilney to construct the clearest case statement possible explaining Enron's strategy for is core businesses and why they are so compelling.
Suggestion: Irwin Stelzer is the single best writer who can simplify complex issues that I know.
He' s offered to help.
I encourage you to have him see whomever he needs to see and then write the Enron business strategy story.
He'd also be a great spokesperson and advocate with Wall Street.
Might be worthwhile having Bowen take Irwin to a few key meetings with sell-side analysts.
I think Irwin would be a huge asset in that role.
Tilney: have Beth make sure that every communication from Enron, internally and externally, is clear, concise, candid and responsive to each audience's needs and expectations.
She should manage Mark Palmer and his staff, Kekst people and any other communications resources (internal and external) that should be brought to bear druing this period.
Whalley: have him spend all his time with your traders and those among counterparties with whom he is a critical factor.
I'd keep him away from the Street and from the media.
Kean: have him focus solely on regulatory and legislative audiences.
He should personally work federal and state regulators, Capitol Hill (members and staff) and present updated presentation about the company's business, status of financials, status of internal reviews and SEC investigation.
I do think Steve's core presentation should be vetted carefully by Derrick, McMahon and Tilney before he goes on the road.
Palmer: I'd leave it to Tilney as to whether Mark should continue as principal spokesperson for Enron.
Don't know if Tilney's right, but I do think you need a new face and voice to the media.
Koenig: I'd pull him back, have him work under Bowen to craft/refine presentations to the Street (in close coordination with MacMahon and Tilney).
As we discussed, I think Koenig is damaged goods on the Street right now.
Lay: I think you should act as the general who sets strategy, deploys your senior human assets and motivates your troops.
I think you should orchestrate every strategic action of the company, talk regularly to employees, selectively call on strategic customers, and reassure the world that Enron touches that you are "in charge," "hands on," and doing "everything possible" to guide this damaged ship into safer waters.
3.)
Encourage the board Special Committee to prepare an Executive Summary of its report to you and the board that is entirely suitable for public consumption.
(I would be happy to help craft and edit that document.)
Assuming the report fundamentally exonerates the company, this is a critically important document.
You must assume that this report will become public eventually.
It is be prepared and submitted with that clearly in mind.
4.)
Retain a second investment bank to augment Goldman.
My suggestions: talk with Jeff Holzschuh at Morgan Stanley or Bruce Wasserstein at Dresner Kleinwort Wasserstein.
Lehman's top energy people are gone and I think Rick Gordon/Merrill is seen as too close to you.
I've gone on too long.
Let me know how I can be specifically helpful to you and/or your colleagues.
I'll stay in touch via voicemail or e-mail if and as I have specific tactical suggestions.
I've available to you or your colleagues at any time.
Harry
| Follow-up/Next Steps |
Ken, Greg and Mark, I wanted to provide you a suggested agenda for the rescheduled Management Conference.
After working with Joannie Williamson to coordinate open dates on your calendars with hotel availability, here is what we are proposing: Location: Westin La Cantera Resort, San Antonio (The Woodlands still will not have enough rooms to hold our group in February.
We are concerned that if we don't have people committed to stay over, especially on a weekend, we risk weak participation.
Also, by rebooking with the Starwood property, we hope to potentially recoup some of the loss incurred by canceling our November date and maintain a positive relationship with the company.)
Dates: Friday, February 22 and Saturday, February 23 (We received feedback that employees may not appreciate being asked to sacrifice a weekend right now.
However, these are the dates that the hotel is available.
Available dates the previous week would interfere with Valentines Day and coincide with the peak of the Winter Olympics in Salt Lake City.)
Agenda: DAY 1 Friday, February 22 2pm - 5pm Registration 6pm - 9pm Reception and Chairman's Dinner Speaker: General Norman Schwarzkopf (The General is currently available on this date, but has not accepted the engagement.
I feel that, if we can reschedule him, he would be a significant draw to ensure people arrive in time for the evening activities.)
DAY 2 Saturday, February 23 8am - 2pm Business Agenda (I will keep Ken and the brief business unit presentations/panel on the agenda.
I also hope to reschedule Gary Hamel.
Otherwise, I will remain flexible on the agenda.)
2pm Meeting Adjourns No planned activities (The activities are perceived as an unnecessary extravagance at this time.)
We'd like to issue a memo about postponing the Management Conference to invitees as soon as possible.
While details on the agenda can be resolved later, please let me know if you are comfortable with the dates and location so we can include that information in the memo.
Regards,
| Rescheduled -- Management Conference |
Finally we're forging ahead.
We plan on publishing our much-delayed and much-changed Aspen special issue in two weeks.
We're really excited.
We're focusing now on the issue of globalization in the post-September 11 world.
All of your contributions in Aspen aided us immensely.
The issue is going to be an unusual print-online package.
In addition to articles in the magazine that relate in various ways to the Aspen meeting, we will be posting significant additional material online.
For those of you who answered our three questions prior to the meeting, we will be publishing all of those--in full--on Fortune.com.
But we also want to hear from you
| The issue nears |
During this critical time, it is imperative that our management team remain focused on our business and continue to address the challenges currently facing our company.
For that reason, I have decided to postpone the Enron Management Conference.
The Conference will now be held Friday, February 22 - Saturday, February 23, 2002 at the Westin La Cantera Resort in San Antonio.
While the Saturday meeting allows some Enron executives who cannot be away from the office during business hours to attend the Management Conference for the first time, I also recognize that it requires many of you to forfeit additional personal time on behalf of Enron.
I truly appreciate your sacrifice and I sincerely encourage your attendance.
The new agenda, while still being finalized, will be abbreviated but every bit as informative and worthwhile as previously planned.
We'll be in touch soon with more details.
Regards,
| 2001 Management Conference |
Dear Mr. Lay, I know that you are a very busy man and really don't have time to read messages from your employees, but I just had to write you of my thought and feelings.
I haven't been sleeping very well because I am heartbroken at what is happening to this wonderful company.
I really try to be positive about the outcome of it all, but the news seem to get worse and worse.
I am so worried about all of the lives that are being affected and what it's going to mean to all of us in the coming months.
Also, as someone who only has a few years left before retirement, I am faced with the possibility that I will not have any supplemental retirement to help me live in a decent environment.
I love Enron and all that it has made it great and will continue to work hard to make a contribution to its success.
However, I realize that it ultimately is up to you and your team to successfully resolve all the issues facing our company.
I have the faith that you can do that.
Mr. Lay, please allow me to be bold and ask you to remember that "God is Always in Control" and he will help if only we ask him to.
Thank you so much for your time.
Wilma J. Williams, Sr. Admin.
Asst.
EAS and EWS Financial Reporting EB 2322B Ext.
3-6603
| Our Wonderful Company |
Dear Ken : I'm pleased to send you the inaugural issue of RFF Developments, an e-newsletter designed to keep you informed of current activities at Resources for the Future (RFF).
Since we've communicated via e-mail in the past, I've taken the liberty of including you on this listserv.
However, I understand how e-mail can become overwhelming -- if you'd like to be
| November 2001 e-newsletter |
Please open the attached file to read the complete text of the following items: 08:11AM EDT 7-JUN-01 UBS WARBURG (US) (YOUNG, DON) HWP HEWLETT PACKARD: MORE REALISTIC OUTLOOK THIS TIME 07:48AM EDT 7-JUN-01 GERARD KLAUER MATTISON & CO. (BAILEY, D.) CPQ THE BEAR CASE 04:43AM EDT 7-JUN-01 J.P. MORGAN (WILLIAM A. LEWIS) CPQ ORCL EMC NTAP NETWORKED STORAGE BUS TOUR HIGHLIGHTS 09:27AM EDT 7-JUN-01 WIT SOUNDVIEW (GARY HELMIG) EMC EMC (EMC) COMPANY UPDATE JUNE 7, 2001 07:19AM EDT 7-JUN-01 SALOMON SMITH BARNEY (JOHN B. JONES JR.) HWP HWP: END MARKETS SOFTNING; REDUCING REVENUE AND EPS ESTIMATES 07:33AM EDT 7-JUN-01 CIBC WORLD MARKETS CORP. (QUINN BOLTON) INTC INTC: EXPECT INTC TO LOWER GUIDANCE ON MID-QUARTER UPDATE CONF.
CALL <<6.07.01 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 6.07.01 |
Dear Ken: We have very serious offers out to two young - but very highly regarded - economists doing work in areas of interest to Enron.
(Please see enclosed.)
Hendricks is being recruited for one of the Lay family chairs.
Rust, now at Yale, is being recruited for our new university-wide Center in Computational Economics and Finance.
His work is likely to be of considerable interest to Enron.
Malcolm
| Agenda Items Number Two and Five for Wednesday 5:00 Meeting |
Hello Members, We received the following information from United Way of America on yesterday, and wanted to share!
United Way Leaders, United Way of America's (UWA's) Board of Governors met this afternoon to consider the Executive Search Committee's recommendation regarding UWA's next President and CEO.
It is with great pleasure that I report that we have unanimously named Brian A. Gallagher, currently President of United Way of Central Ohio in Columbus, Ohio, as our new President and CEO of UWA.
Brian is a well-known and highly respected leader.
To formally introduce you to Brian in his new role, I am convening a series of conference calls tomorrow, Tuesday, November 6, 2001, in advance of the announcement to the media and press.
We anticipate a large volume of participants on these calls, so we ask that you call during your region's assigned time and 15 minutes in advance of the call.
Additionally, we ask that you coordinate a single conference call from your United Way such that all volunteers and staff from your community can participate on one line.
Your cooperation will make it possible for the maximum number of your colleagues from across the country to participate on these important calls.
Please note the regional conference call assignments: Mid-America Region: 10:00 a.m., Eastern Standard Time Dial (800) 310-8725 and ask to be connected to the United Way call moderated by Ellie Ferdon Southeast and Western Regions: 11:00 a.m., Eastern Standard Time Dial (800) 566-2250 and ask to be connected to the United Way call moderated by Ellie Ferdon Northeast and South Central Regions: 12:00 noon, Eastern Standard Time Dial (800) 310-8725 and ask to be connected to the United Way call moderated by Ellie Ferdon
| United Way of America's New President and CEO |
In some areas of ENE 2 people are doing the work 1/2 person could do.
Is this magnified throughout ENE as numerous people in other departments have claimed?
Shouldn't we be reassessing our manpower needs on a broader basis to cover the real needs?
This would result in a reduction of manpower, but employees without real jobs to do have low moral which adversely impacts the whole company.
The ultimate result would be a stronger company both financially & professionally.
| REDUNDANCY |
Dear Ken, As promised, here is some background for our off-the-record dinner discussion on November 27 that the Yale School of Management is having to honor Bill McDonough.
The evening will begin with my presenting Yale's award to Bill McDonough.
Bill will then make some personal remarks about the state of globalization as he sees it.
Gordon Brown will then respond.
Following that, John Browne will lead a discussion among all of us based on a question along these lines: "The world faces recession, terrorism, and large gaps between rich and poor
| Yale Dinner for William McDonough, November 27, 2001 |
Mr. Lay, I'am the President of Bilco Commercial Finance, LLC a direct lender to companies listed on NASDAQ and the NYSE.
I would like to discuss with you an offer to lend a large amount of capital to your firm.
Please e-mail a contact name and phone number with the best time to call in reference to this matter.
Best regards,
| Discussion |
I do not know if this email will find your eyes or not....
I just wanted to tell you, as a shareholder, since we are in a difficult time period, to PLEASE continue to keep your chin-up, and look at this "storm" as a time to be strong and use your courage to make the tough decisions to keep Enron afloat...and utilizing all your strength and prayers...you will be able to lead ENRON to safe harbors once again.
Do not let the negative media effect you, please keep pushing forward, and you will be successful.
This adversity will prepare you and strengthen you for the "perfect storm" we will run into throughout our existence...
Thanks for listening... PS Back in during the Econmic Summit here in Houston, you met my daughter Sophia, and she wrote to you, and you took the time to write her back about 11 years old... well now she is 21 and a major in PR/Communications at BYU in Provo, UT, and on November 20th at 3:00 PM she has decided to marry to Jacob Little in Utah..
| Sophia |
Ken - I appreciate the time today.
We look forward to working with Enron, if the opportunity presents itself.
Atlas can assist in structuring and raising substantial new equity - we already have $150mm (subject to due diligence and terms and conditions) that has been "soft circled".
Please feel free to call me at any time.
| our discussion today |
Ken - As a follow-up, we realize there has been tremendous downward pressure on the stock recently and as a result selling new equity at these levels could be very dilutive.
We can structure an equity financing that is a premium to today's prices.
I would welcome the chance to discuss this with you.
regards,
| as a follow-up |
I wanted to take a few minutes to update you on the Railroad Commission's tremendous success with our budget and the Sunset process during the recent 77th Legislative Session.
As always, I look forward to receiving your comments on the Commission and our activities.
One of the critical items in the Commission's budget request was technology advancement to provide our employees with the tools to accomplish their tasks.
By securing funding to migrate our Oil and Gas data from our legacy mainframe system to an open systems environment, the Commission will be able to more quickly and efficiently access information and answer inquiries.
The current mainframe system severely limits our employees' ability to use and access oil and gas databases to perform routine job functions.
This project will take four years to complete and will include migration of the current mainframe computer system that consists of 18 major database systems with approximately 300 defined applications made up of 2.5 million lines of code.
The Sunset review process for the Railroad Commission officially started on August 16, 1999 when the Self Evaluation Report was submitted to the Sunset Commission.
For 21 months the process continued with numerous meetings, field tours, submissions of information, public hearings, and visits with Sunset and legislative staff.
From the very beginning, the Railroad Commission approached the process as an opportunity to demonstrate our great public service and proficiency in the oil and gas regulatory arena.
This was our opportunity to shine.
And I'm happy to report that we were successful - the Commission was extended an additional 12 years, given additional responsibilities, and provided with increased funding.
ABANDONED OIL AND GAS WELLS In the problem area of abandoned oil and gas wells, it was recognized that the Commission has been fighting an uphill battle.
Legislative changes in 1991 had weakened the Commission's ability to require adequate financial assurance for oil & gas operators.
That has been corrected.
Beginning on September 1, 2001 the price of alternatives to bonding has been increased.
While the "Good Guy" un-bonded option has been continued, the annual fee has been raised from $100 to $1000.
While the percentage of bond option has been continued, the percentage has increased from 3% to 12-?
%.
In addition, a higher bonding requirement will be established for all bay and offshore wells.
After a three-year transition period, both of the un-bonded options will be eliminated on September 1, 2004.
At that time, all oil & gas operators must be bonded Another problem with abandoned wells has been the practice of transferring shut-in or minimal producing wells to marginal operators, who may salvage the wells and then leave them for the state to plug and cleanup.
That has been corrected.
During the transition period to universal bonding, no well can be transferred to a new operator unless the new operator has a blanket bond or the individual wells are bonded.
OIL FIELD CLEAN UP FUND While the above actions should substantially slow the growth of abandoned wells, a huge backlog of wells and sites still need to be plugged or cleaned up.
This has also been addressed.
Statute changes have been implemented to allow the Commission to place a lien on any abandoned well faster to avoid theft of salvageable equipment.
More importantly, there was the recognition that the revenues to the Oil Field Cleanup Fund need to be increased.
Under current fee structures, revenues to the fund would be about $12 million per year; with the newly authorized fees, revenues to the fund should approach $20 million per year, a 67% increase.
The revenue increase comes from increased drilling and other permit fees, from an increase in the production fee on oil and gas, and a new fee that must be remitted with each P-5 renewal.
These increased revenues will be used to accelerate our plugging and site remediation activities.
SITE CLEANUP The Sunset bill authorizes a more extensive voluntary cleanup program.
This includes giving the Commission authority to grant releases of liability to parties who enter into agreements to cleanup sites that are not their responsibility.
Hopefully, this will encourage more sites to be cleaned-up without using state funds.
Additionally, the statute now specifically recognizes that risk assessment standards will be applicable to determine the extent of a cleanup project.
The Commission's development of these risk-based standards is progressing and should be proposed in rule form shortly.
PIPELINE SAFETY The Commission's initiative to require integrity testing of pipelines was affirmed and strengthened through new statutes.
The legislature gave the Commission authority to require public notice of major new pipeline construction projects.
Hazardous liquid pipelines that are within 1000 feet of a school must prepare and present to the school board an emergency action plan for the school.
Testing of natural gas piping in schools was extended to include private schools, and testing of piping in LP-Gas fueled schools, both private and public, will be instituted beginning with the 2002-03 school year.
GAS UTILITIES In the gas utility area, the Commission's authority was significantly expanded to allow cities to cede their original jurisdiction over gas utility rates to the Commission.
Utilities were granted the option to provide electronic billing via the Internet.
Contested cases involving gas utility rates can now be heard at the State Office of Administrative Hearings, but the Commission retains final authority on the decision order.
The Sunset bill did not significantly affect most other divisions within the Commission.
An attempt to require the Surface Mining Division to locate and identify all pits and quarries in the state without additional resources was successfully defeated.
In recognition of their quality training products, AFRED is now permitted to enter into agreements to sell these products to other states.
In summary, both the budget request and Sunset review resulted in positive steps forward for the Commission.
I am convinced that the Commission emerged as a stronger, more efficient, and better-recognized agency as a result of the 77th Legislative Session.
| Legislative update from Chairman Williams |
Here is an update on the state of play in Washington regarding Dabhol as the Indian PM arrives this evening: As it became apparent last week that the discussions in Delhi about the MOU were not panning out, I met with OPIC President Watson and Exec VP Connelly to bring them up to speed on the status of discussions and map out the message to be given by the Administration to the PM on his visit this week.
While OPIC certainly does not have final say re the message on Dabhol they are clearly the driver within the USG and they have been very aggressive in that regard.
Out of our meeting Watson sent to State and the NSC a message with the following two points: 1. the Project sponsors, the $ lenders, and OPIC and EXIM are of one mind that the negotiating time frame on Dabhol is approaching its end.
If India does not act immediately it will be too late.
2.
The President and this Administration needs to express its strong disappointment at the failure of the GOI to make an effort to engage on the Buyout, which needs to be negotiated within a particular $ range, subject to a simultaneous negotiation with the $ lenders.
The OPIC memo was sent to State and the NSC and is now embodied in talking points for President Bush in his Friday meeting with the PM.
For the last week plus I have provided daily updates to OPIC, to Larson's office at State, to the South Asia regional group and to the NSC so they know of any new developments and where we are.
Yesterday afternoon I met with OPIC on the lawsuit and how that might change the talking points.
At this point, President Bush will raise Dabhol in his meeting with the PM Friday.
The Indian Ambassador met with the NSC yesterday to discuss the agenda and was briefed on the MOU going in.
It is being considered that Larry Lindsey will discuss Dabhol in greater detail, probably with Mishra.
There was some concern about prior relationship to Enron but I understand from State the lawyers have taken care of the concern.
Larson is in Doha but is current on the situation and can engage if necessary.
It is unfortunate he is out of town.
Amb.
Blackwill had dinner last night with Watson and Connelly of OPIC and claims he is on top of the issue.
Last, but certainly not least, we have a meeting with the PMO Secretary Ghash (?)
at 4:30 Thursday at the Indian Embassy.
I do not know if we have firmly decided yet who should attend.
If Jim is out as I understand he is perhaps Rob Walls and I can attend.
This meeting should give us an opportunity to respond in the Washington context to the proposal that I understand is in the offing in Singapore.
We will then be in a position to feed that information back into the USG so that the President's meeting with the PM reflects the current state of discussions.
| Dabhol Washington Update |
Just a quick note to let you know that if your considering a charter next summer, we are already working on quite a few.
I'm sure you'll all be pleased to know that next summer will see the arrival of plenty of new choices, some new and some new to the charter world.
If you have any dates in mind drop me a line.
Best regards
| Summer 2002 |
Good Afternoon!
It's Wednesday, November 7, 2001.
Today's news awaits...!
>>WHAT IS HOWARD TALKING ABOUT TODAY?
>Experts Offer Answers on Anthrax (11/08/01) All members of the entire Howard University community-students, staff and faculty-- are invited
| What's New at Howard University |
Dear Mr Lay, I'm not sure if you remember, but I am the one who came up with the Lay it on the Line slogan.
I am no longer with the company and am currently with General Electric.
Regardless, I still have a stake in Enron.
Besides everything that is going on that we can all read in the press, what concerns me is it seems that some current leaders still don't care.
I was infuriated to learn that Enron (EES in particular) still rented a corporate house on the golf course for the tour championship in Houston and was seen grilling steaks, lobsters and having a great time.
I wouldn't consider it entertaining clients if Managing Directors such as Dan Leff were there with thier kids (rumor has it).
That is a completely irresponsible waste of what little money is left in the company and it shows the arrogance that Enron is perceived to have.
People should be fired for this.
I would hope that Christmas parties, bonues etc will be scaled down this year and to at least make some sort of effort to slash costs and get the company back on track.
I have faith in you as a leader and I hope for a turnaround.
Thank you.
| concerned shareholder (lay it on the line) |
Ken, I've left word with Rosalee, but I know you are fighting a battle with no let up.
I want to communicate our best wishes and offer of support.
If there is anything Spencer Stuart can do to help you in this period of crisis, please understand you have access to the entire Houston Office at no fee.
Good luck.
Please call if there is anything we can do to support you.
Warmest regards,
| Spencer Stuart Help |
"NAI at a Glance" reports on recent and future NAI events.
In an effort to strengthen and broaden NAI's network, "NAI at a Glance" also disseminates timely and important articles by leading members and friends of the network.
For further information on the New Atlantic Initiative, please see our web page at www.aei.org/nai/nai.htm.
Jeffrey Gedmin Resident Scholar, American Enterprise Institute Executive Director, New Atlantic Initiative
| NAI at a Glance June 2001 |
Mr. Lay, I worked for ENRON from 5/97 until 5/01 and I just want to say that I am so sorry that all of this is coming down on 'our Company'.
I have worked for two companies that I feel are the strongest in their sector, Bechtel and Enron.
Both Companies have back-bone and care about their employees.
Please pull Enron through this economically trying time.
Things look tough but sometimes when the tough times hit - we have to hit back.
My thoughts and prayers are with you as you try to do the best for Enron, the Company and the people that are still there backing you.
Sincerely,
| Former Enron Employee |
Hi Ken, You have always told us that we can email at any time with comments or questions.
Employees are really getting worried about what's happened with our stock price.
It's not looking too good.
I know you and upper management are working hard to sort this out.
Please let us know what is really going on.
Rumors are flying about layoffs, bankruptcy, and takeovers.
All of our lives are affected.
People are trying to hang in here, but the future is too uncertain.
We are wondering whether to stay or bail out.
We need more answers.
Another comment which is constantly being made is that, "It is not encouraging when we don't see upper management buying shares at these historically low prices".
Any comments?
Thanks,
| Concerns With the Current Stock Price |
MEDIA COVERAGE FROM SCANDAL TO CRISIS: A DISCUSSION WITH MARVIN KALB Wednesday, November 14, 2001, 10:00 a.m.-Noon American Enterprise Institute, Twelfth Floor 1150 Seventeenth Street, N.W., Washington, DC 20036 Featured Speaker Marvin Kalb, Harvard University's Kennedy School of Government Panelists Norman Ornstein, American Enterprise Institute Thomas Mann, Brookings Institution Tom Rosenstiel, Project for Excellence in Journalism Marvin Kalb, award winning journalist and professor, will discuss how the media covers scandals and crises.
Kalb's new book, One Scandalous Story: Clinton, Lewinsky, and Thirteen Days That Tarnished American Journalism, examines how changes in the journalistic ethos over the past thirty years led to saturation coverage of the Monica Lewinsky affair.
Kalb and a panel of media experts will also discuss the how the media has covered the dramatic turn of events since September 11.
* To register, print this form and fax it to 202.862.7171 or visit www.aei.org/governing.
| Invitation: MEDIA COVERAGE FROM SCANDAL TO CRISIS |
Dear Ken: I have encouraged all my academic executive friends to each purchase 1,000 shares of Enron.
I have just done so, and expect others to follow suit.
Go Enron Malcolm
| Enron Stock |
It is said that some days are better than others, but they should always be kept in perspective.
You have been, are and will be the leader of Enron.
You are the man!
Best Regards,
| Perspective |
Ken, I just wanted you to know that I have been thinking about you and pulling as hard as I can for you and Enron in this time of trouble.
If anyone in the entire world can get this going I know it is you.
Best of Luck, Thurmon
| General |
Dear Forum II Members, Cockrell Interests is looking for a "top-notch" administrative assistant.
Any leads you can give us would certainly be appreciated.
The position requires: * A high degree of energy, self-motivation and initiative * A professional presence with excellent interpersonal and communication skills * 2-5 years similar experience; some familiarity with general accounting principles * An ability to exercise good judgment and maintain confidentiality * 4-year degree preferred * Advanced computer skills in Word, Excel, PowerPoint, Outlook, and some Access
| Administrative Assistant Need |
Get Connected with e-Statements.
Sign up for Electronic Statements from Enron Federal Credit Union by November 15 to be entered into a contest to win a Palm Vx!
Log on to www.enronfcu.com to apply or for more information.
| EFCU Gets You Connected |
Mr. Lay, I have been with Enron for 33 years.
I have found these years to have been interesting, to say the least, and have seen many changes during this time.
I am proud to be part of an aggressive, growing company.
And I have always had a high regard for the people driving the company.
I am now 60 years of age and I have been contemplating retirement and "pursuing other interests" as they say, with my remaining years.
Imagine my despair at the state of affairs Enron has fallen to through what appears to be gross mismanagement.
What was once envisioned as "those comfortable golden years" are now simply smoke.
And after giving many of my years to this company it is devastating.
It is hard for me to understand how this could happen without the knowledge of those of you at the head of the company, in my mind it was a "look the other way" situation without concern for anyone but yourselves and all that money for the fancy house, fancy cars, travel, etc.
I will never understand everything that took place and why.
I am certainly not alone in these feelings.
But I would hope that Jeff Skilling, Andy Fastow and others involved in this travesty have as much trouble sleeping at night as I do.
Robert S. Smith - 3ac3268 ETS - Engineering Records 1400 Smith St. Houston, TX 11251 E-mail - robert.s.smith@enron.com <mailto:robert.s.smith@enron.com>
| ENRON SITUATION |
Dear Mr. Lay, My manager and I were discussing the possibility of doing a fund raiser for Enron.
We contributed an absorbant amount of money to charities this year and last, would it not be possible to raise money to help our company.
Do a little belt tightening.
We could do without the Christmas party, do without our bonuses and next year at this time, when we are back on top, it would be a sweeter glory knowing that the employees helped turn everything around.
I have spoken with my HR rep and several other employees about this possibility and we feel that we would be able to raise a substantial amount of money.
Please let me know what your view on this would be and we will work on what steps we need to take to make it happen.
Thank you for your time.
| Fund raiser for Enron |
Mr. Lay, I am a former employee of Enron and have been through many trials in the past few years.
God has been faithful and seen me through them all.
Dear sir, I can tell you that I can count it all joy.
I just want to encourage you.
These look like very dark times right now.
Call upon the name of the Lord.
Throw yourself on the mercy and grace of the Lord and remember all that he has done.
He is a BIG, GOOD God that LOVES you!
His arm hasn't been shortened that He cannot help you.
You will be glad to know that the true testimony of you as a man is of a good report.
You will glorify God in this.
I am listening to a song right this minute that I so wish you could hear.
It would bring you such comfort.
It is based on the verse that talks about "all of my help cometh from the Lord".
How true that is for you.
Lord Jesus, you are a good God that sees all things.
Mr. Lay is a man of God.
That means he is your child.
You tell us that you are an ever present help in time of trouble.
These troubles are over his head but under your feet.
Lord Jesus, show yourself strong on his behalf.
Glorify yourself and Mr. Lay will give you the glory.
He knows, Lord.
Help him in this time when the waters are flowing over his head.
Hear him from where you are.
We are all but dust.
Who are we that you are mindful of us but you tell us in your Word that You have good thoughts and plans for us and they are for good and NOT EVIL that we may have an expected end.
(Jer 29:11-For I know the thoughts that I think toward you, saith the LORD, thoughts of peace, and not of evil, to give you an expected end.)
Who can stand except you give us grace?
Lord, you are so good.
Remind Mr. Lay of who you really are.
In the mighty name of Jesus!
| Precious man of God. |
Hello Ken As we have not had a recent "daily update" from you - I write inquiring about the status of OUR company.
We heard about the acquisition discussions with Dynegy through the press (NOT from Enron's management!).
Clearly, this does not engender confidence in the management's communication philosophy.
We also heard that there is a meeting planned with Enron's banks on Friday - again through the press!
Communication failed again.
Further reductions in confidence came as Enron restated it's financial statements for the period 1997 through 2000.
Again this news was provided by the press!
Couple of questions for you - who were the commercial folks putting together the LJM, Chewco etc.
deals?
Who were senior managers approving these deals?
Perhaps Enron should part company with some of those folks too.
Where was the board and where were you when these deals were being done?
There appears to have been no corporate governance at the relevant periods!
On a personal level, I have invested many years in this company.
I currently have a holding of approx.
4,500 shares which I purchased because I believed in the company.
I also have numerous share options.
Unfortunately, this episode has obliterated my confidence in management and in particular in you and Jeff Skilling.
I suspect you guys are ok - as you had the foresight (knowledge?)
to cash out your holding during the latter part of last year and most of this year.
Please be aware that the fate of thousands of people rests in your hands.
I would be interested to hear your views.
| Update for Wednesday/Thursday? |
Ken, After numerous efforts to secure an audience with President Fox, we have been successful in scheduling a lunch with him on the 27th of June.
In addition to our usual reasons for taking this very important one-day trip, I have been advised by Presidencia (equivalent for our "West Wing") that during this face-to-face meeting, we would have the appropriate opportunity to invite President Fox to visit Houston.
I have just received written confirmation of the 2:30 p.m. luncheon meeting.
I will be going to appropriate GHP Boardmembers and major investors to determine who would be available to participate.
I wanted to give my leadership heads up and request any thoughts or ideas that you may have on this subject matter as well as to determine your availability.
Regards,
| Visit with President Fox |
Mr. Lay, Just wanted to let you know that we're keeping the faith, and wish you all the best in your endeavor to pull Enron out of this current predicament.
And that we're working as hard as ever to make sure that Enron remains the pioneering innovative company that it is.
Sincerely hope everything ends favorably.
Warm Regards, good luck and God bless.
Ash Menon
| Good luck |
A request for 2002 contribution was mailed from the NCPA in error this week.
We realize Enron is going through a tough time, and wanted to apoligize for sending a request for money at this time.
John and I wish you our best, and know your strength will overcome this challenge.
We appreciate your efforts on our behalf, and look forward to seeing you in the future.
jng
| Request for Contribution/ IN ERROR |
Hello Members, As a matter of information, it is very important you read the document below.
As a member of our Board, it is possible that you could be approached by individuals who may listen to a nationally syndicated radio talk show entitled, Glenn Beck Talk Show.
If you have any questions, please give us a call.
(Click to open) <<nov8statement.doc>>
| The September 11th Fund |
Ken and Jeff: Glen Darden, the President and CEO of Quicksilver Resources, Inc., is a longtime personal and professional friend of mine.
Recently, he has asked whether I would consider serving as an outside Director on the Board of Directors of Quicksilver.
Before meeting with Glen to discuss this further, I want to make sure that Enron does not have any objections.
Headquartered in Fort Worth, Texas, Quicksilver is a natural gas and crude oil production company engaged in the development and acquisition of long-lived producing natural gas and oil properties.
Quicksilver began trading publicly in March of 1999 on the American Stock Exchange (KWK).
Quicksilver has a long standing business relationship with Enron.
Enron has historically entered into pre-pays and hedging transactions related to natural gas production and continues to do so today.
Enron (via JEDI) also provided some financing at the time of the merger of Quicksilver and Mercury Exploration and was a significant shareholder of Quicksilver at the time of its initial public offering.
I believe JEDI has since divested this stockholding.
If I were to serve on the board of Quicksilver, I expect that there will be related party transactions of a routine ongoing nature that would need to be disclosed and which I would need to abstain from voting on as a member of the board.
However, I do not feel there would be any material conflicts of interest as Quicksilver's core business is complementary to Enron, not competitive with Enron.
As a personal matter, it is an experience that would be beneficial and would provide valuable personal visibility in our industry.
I am scheduled to meet with Glen and others at Quicksilver later this month to further discuss this possibility.
Would each of you please let me know after due consideration whether you have any objection to or concern with the position.
Please do not hesitate to call me (x67713) if you have any questions or wish to discuss this further.
Thanks.
| Quicksilver Resources |
Dear Ken, I am forwarding to you a copy of a second letter that you and Dean Powers will be receiving later today from the AFL-CIO and the Amalgamated Bank.
This letter will also be released to the press.
It addresses the AFL-CIO's and the Bank's concern that board procedures be adopted that would help ensure comprehensive disclosure to shareholders in light of a possible upcoming transaction involving Enron.
If you, Dean Powers, or your staffs would like to discuss the ideas in the letter or our thoughts about possible additions to the Enron board please do not hesitate to contact me or my colleague Bill Patterson.
Sincerely,
| Second AFL-CIO Letter to Enron |
Mr. Lay, Just wanted to send you an e-mail to let you know how much I appreciate all you have done for Enron employees.
I guess I have been more sad thinking about what you must be going through.
Just know that many people love and respect you.
God bless you, Rita
| Thank You! |
that you respond to emails.
I just wanted to let you know that while I am angry and upset over what is going on, I think you have been terrific.
I feel you are a victim of things that have gone on as are some of the rest of us.
I have enjoyed very much working for Enron and had planned on this being where I continued my employment, it is a terrific place to work.
I've been looking at positions outside of Enron though.
This is not due to Enron, this is due to my preference in management.
I just wanted you to know.
Good luck.
Ginger Sinclair
| Cindy Olson said |
CAMPUS MAILROOMS CLOSED FOR CLEANING Officials Continue Precautionary Measures to Ensure Campus Safety D.C. Department of Health Director Dr. Ivan Walks today confirmed that one (1) of a total of 54 environmental samples from Howard University's Main Mailroom on the ground floor of the Administration Building tested positive for evidence of Anthrax spores.
Howard University officials immediately closed the site and, after contacting CDC (D.C.) Team Leader John Brooks, have already initiated the clean-up process, which is expected to be completed within the next 12 hours.
The University has hired IT Corp., the same company contracted to clean the Brentwood (U.S.) Postal Station in Washington, D.C., to clean the mailroom.
In resolving the situation, the University also contacted the FBI, CDC and the EPA and has affirmed that the measures being exacted at Howard are in line with established, recommended protocols.
In maintaining its proactive stance, the University hired a CDC-approved contractor, Nichols Environmental Associates, which began testing the mailrooms on Nov. 8.
As a precautionary measure, mailrooms in Carver, Slowe, Meridian, Howard Plaza Towers, and the schools of Divinity and Law will be closed until testing has been completed.
Each of these sites receives mail directly from the Brentwood facility, including Howard University Hospital's mailroom which will be tested on Tuesday, Nov. 13.
Results from the tests are expected within the next 72 hours.
All employees of these mailrooms have been notified about the clean-up process and each will report to the University's Employee Health Center at Howard University Hospital on the morning of Nov. 13 for additional, precautionary evaluation as well as instructions for reporting to alternative work sites.
As a precautionary measure, the University had already placed more than 300 mail-handling employees on prophylactic medications in line with D.C. Department of Health and CDC protocols, beginning the week of Oct 21.
Of the individuals identified, none have shown signs of illness from the Anthrax bacteria.
Incoming mail will be stored at a secured campus site until completion of work at the main campus mailroom.
As stated previously, employees with medical inquiries or health concerns are encouraged to contact their personal or family physicians.
Students with medical inquiries or health concerns are encouraged to contact their family physician or the Student Health Center.
# # #
| Safety Advisory: Campus Mailrooms Closed for Cleaning (11/12/01) |
Gentlemen, attached is a current roster of WPO Forum Members.
Please review it carefully and advise of any corrections.
I would like to e-mail an updated copy of this to you and your assistants by the end of the month.
Mr. Hollingsworth takes over as moderator of the group on January 1st.
Mr. Everett and Joy have done a wonderful job the past year and are a hard act to follow.
But, I will do my best to keep you all informed.
Please let me know if there is anything I can do to keep the process running smoothly or assist you in any way.
I'll take all the help and/or suggestions that I can get!
| Roster Request |
Ken: Pete van de Gohm and I attended the NPC meeting in Washington on June 6 where the final draft Critical Infrastructure Protection (CIP) subcommittee document was presented to the Secretary of Energy and the NPC membership.
The draft document was accepted and the final document is being prepared.
At your request, we are pleased to continue working with Archie Dunham and the NPC subcommittee to attack the next phase of the project, the development and implementation of an Information Sharing and Analysis Center, or ISAC.
The ISAC will be the tool in providing threat information to the industry and is the main focus of the CIP project.
This next phase may require the involvement of an Enron attorney and a business lead as the ISAC will likely take the form of an LLC or similarly structured entity.
We will address these as the need arises with Jim Derrick and Steve Kean.
We feel we have made a great contribution to the energy industry by moving this project forward, and we are eagerly looking forward to our continued involvement.
Regards,
| Summary of NPC Meeting, Washington, D.C. |
We had previously discussed Stan's group presenting a business unit update at the Dec. 11 Board meeting, and he will begin preparing soon.
I recommend we proceed with his business unit review at this meeting, particularly given the important role his pipeline assets play in the debt and equity financings and his other businesses play in the asset sales program.
Please advise if you do not feel this business unit presentation is necessary.
I am soliciting agenda items from other areas of the company and will keep you informed.
Thank you very much.
Paula
| Dec. 11 BoD Meeting Presentation |
Gentlemen: As I mentioned to Nathan, Infolink has an interest from a financier capable of providing us with up to $400M for the purchase of Enron assets.
I have a teleconference scheduled with them on Wednesday morning and need more information to provide them ASAP.
Nathan has mentioned that other parties have been in discussions to purchase Enron Broadband (in whole).
I am assuming that a due-diligence package exists.
What I am looking for is: 1) A complete list of assets (fiber routes, co-location facilities, equipment).
2) Balance Sheet and Income statement for Enron Broadband.
Please breakout the income statement by month and category.
3) Customer List along with MRRsand terms of contracts 4) Any Continuing Financial Commitments (leases, etc.)
that exist.
We already have an executed confidentiality agreement.
If something else is required, please let me know ASAP.
Yours truly, Prieur J. Leary, III/CEO Infolink
| Information on ENRON Broadband |
Gentlemen, Forgive the string of emails, but I thought a more expedient way to confirm Mr. Lay's current reported holdings would be to lay them out in a spreadsheet.
This is a list of both Mr. Lay's direct and indirect holdings at companies I understand he is either a director or executive of.
Please let me know if there are any errors, and I have one question about what Mr. Lay's indirect holdings of Compaq are.
Many thanks, and I look forward to hearing back from you by Tuesday morning (Nov. 13).
Regards,
| WSJ - for confirmation |
Ken, I wanted to let you know that I spoke with W.O.
King at the Baker Institute earlier today.
Everything is ready for tomorrow's activities.
There will be a great deal of media coverage for the event.
Many media outlets will be accessing the live video feed of Chairman Greenspan's speech.
However, the media will not be able to interview any participants directly.
Chairman Greenspan will only answer written questions submitted by the audience (including media), and those questions will be vetted twice.
I will be receiving the media advisory that has been distributed and the most current media attendee list from the Baker Institute tomorrow.
I will provide that to you as early as possible.
You probably know that, because of his position, Chairman Greenspan can not accept the prize itself, but only the "honor" of being named an Enron Prize recipient.
For that reason, the Enron Prize will not be present on stage during the ceremony.
Karen Denne, Christie Patrick and I will be attending.
Please let me know if you have any questions or need additional information prior to the event.
See you there, Terrie
| Enron Prize |
Mr. Lay, Reuters just had an article that said upon closing of the Dynegy deal, you will receive $80,000,000 which buys you out of your employment contract.
Is this true?
If so, since you said in your speech that we are all feeling this pain together, will there be a distribution of the $80,000,000 back to the people who's lives have been crushed and will receive no additional compensation.
It seems unjust that while the people who had nothing to do with the downfall get nothing, the people who were involved in the downfall continue to be well compensated.
I, as a trader on the gas floor, am sitting here at my desk still making all attempts to make money for the company, wondering if I will be getting my next paycheck.
Then I read that you are getting an additional $80,000,000.
I, as well as my fellow employees, feel betrayed once again.
What is the old saying about kicking the dead horse?
The difference is that this horse is still barely breathing and your $80,000,000 just sucked out the final bit of life.
The management level you have been at provides you the inside scoop on all these bad deals and the "pump and dump" that senior management has done to Enron stock over the last years.
It is a disgrace the way you and your senior management have ruined so many peoples lives.
How could you not know that the company would be taking a fall when you signed back on.
Other CEO's coming back into companies under the same situation have accepted no compensation until the company gets back on its feet again.
It seems that you knew what was going to happen, and were able to milk Enron out of another 80 million dollars.
I have learned a valuable lesson about how business really works.
As an employee, one should milk their company for everything they can get out of it no matter how many people are hurt.
Enron has been a cutthroat stab you in the back organization for a long time.
I always thought it was just my fellow employees doing every thing they could to get ahead.
I never realized that this was the creed that senior management lived by.
Senior management must have been in their offices rolling on the floor every time some employee spoke up about trying to make vision and values a success.
You and your teams fine example has changed my life forever.
Aside from the fact that my kids will no longer be going to college, you have changed my thinking for ever.
I will never again believe anything my employers tell me.
I will never again put my company as a top priority.
It is a travesty what you have done to so many peoples lives.
Tom Donohoe
| Compensation distribution |
Dear Mr. Lay, As a former Enron employee who is suffering from the recent Enron stock price drop I would like to respectfully request that if there's anything you or anyone can do at Enron to keep Jessie Jackson's hands off of Enron, please do it.
Jackson is nothing more than a extortionist and the less anyone has to do with this man the better.
I still have my 401 K plus another 2100 stock options invested.
Maybe it's more than Jackson has, I don't know, but from my point of view I trust your leadership and don't want him involved.
If there is anything I can do as an Enron stockholder, please let me know.
As for the buy out, I feel that all of us who own Enron stock will be the loser since the stock will more likely increase in value much quicker on it's own...
I was an employee of Enrons for a number of years or until Enron started bringing in New York Talent such as Phillippe Bibi and his best friend's Arshak Sarkissian, Lenna Pearlman and the like.
We had an excellent technology shop and while I was there I built the EDS later to be ETC trading floor infrastructure.
It worked great but Bibi and Arshak treated our technical support staff like a bunch of country bumpkins.
I'm originally from Missouri and made Texas my home and it was just too much to take the abuse from someone with just a green card.
I know it's too late to say it now, but Enron lost a lot of great talent since the foreigners took over.
Best regards,
| Buy Out? |
Mr. Lay- After reading the news of your $60,000,000 to $80,000,000 payout, I am disg= usted and appalled all over again.
Unfortunately, that's a daily occurrenc= e.=20 I have been employed with Enron since May of 1993, when Enron purchased LRC= .
I was very skeptical of Enron back then and was unsure of my future with= the company.
As time went on, I got more comfortable with the Enron way a= nd learned how to survive and even be a little successful here.
I became a= believer in the things Enron could accomplish, a champion of our hard-nose= d, driven executives (at least some of them).
I bought Enron stock and hel= d on to those valuable options.
Over the last 18 months, my coworkers and I have viewed the weekly, sometim= es daily, selling of Enron stock and exercising of options by our top execu= tives (past and present and including you).
We came up with all kinds of r= easons that the executives would be doing this -- they're so overly compens=
| ENRON - A Study in How So Few Could Screw So Many |
KEN Why don't you announce you are accepting volunteers for termination and full severance like you did in London?
You can save ENE money & make people happy.
I am sure the staff that remains will be happier also.
| VOLUNTARY TERMINATION |
Apologies for the short notice, but we would like to issue the attached press release tonight, so that we have announced Ray's appointment prior to tomorrow's conference call.
If you have any comments or changes, please let me know as soon as possible.
Thank you.
| Bowen Press Release |
Mr. Lay: I appreciate the time you took to review my memo concerning internal communications suggestions.
Cindy Olson called to thank me and Sarah Davis did meet with me to discuss the memo.
I have some ideas regarding the transition and would like to share them with you and/or your communication transition team.
Could you please put me in contact with your team handling the communications for the transition or meet with me personally to discuss?
I would only take a few minutes of your time.
Thank you again for your time and all that you have done for us.
You have a large following that are here to support you and Enron.
We just need direction from the top, more importantly, you.
| Transition |
Dear Mr. Lay: I would like you to know that I appreciated your decision to waive your change of control payments.
I found your decision an encouraging action during this challenging period.
Sincerely,
| Recent Announcement |
I have had the upmost respect for you since joining Enron and it was reaffirmed with your message today.
I don't agree with your decision to give the money back but I think it speaks volumes as to your character.
Good luck wherever you go and thanks for the leadership you have provided Enron.
Sincerely,
| message |
Ken - Although I cannot pretend to feel the pressure you have felt over the past year, I do appreciate your interest in the employees as expressed in the current decision regarding the Change of Control Provision.
In light of the current circumstances, it is an honorable action.
I wouldn't be here (4 yrs; as an Analyst, then and currently an Associate) if I didn't believe in Enron and would have left long ago.
Enron has had a profound impact in more than the energy sector, and will continue regardless of Enron's form, simply based on its historical innovation.
To have our health and have had the opportunity to do what Enron has done is astonishing, especially these days.
I wish you the best in time ahead.
Be well, Ilan
| Change of Control Provisions |
Ken, I can't begin to tell you how much I admire you.
I still trust you, I still believe in you, I still think you are making the right decisions for the future of this company.
Do you know why?
Because I absolutely love the Enron that you built.
Enron believed in me.
Enron took a chance on me.
Enron made me into what I am today.
I'm a single mom that started in the back office, worked her way up onto the Weather Derivatives Desk and finally onto the Natural Gas Trading Floor in Energy Risk Management.
Where else could anyone get these sort of opportunities?
NO-WHERE.
I'm so proud of this company.
I know that it will rise from the ashes and be reborn into something new.
Warmest regards,
| Thank you so much!~!~!~! |
Mr Lay - If you really think that this sale creates a "great opportunity" for shareholders then you are more out of touch with reality than I previously thought (unless you were referring to Dynegy shareholders).
Under your "leadership" the shareholders have been devastated, employees have lost their retirements, college funds have been desiminated and reputations have been ruined, including your own.
While I applaud your forgoing of the $60 million dollar payment I suspect having taken it would have only added to outrage and probably weakend your position in forthcoming lawsuits and don't feel that it was as self efacing as you have lead us to believe .
Under your direction Enron has promoted bafoons, charletons and incompetents to the highest management ranks.
You personally did everything imaginable to lose the confidence of the investment community, in my opinion.
This has got to be the financial disaster of the decade, all under your direction.
You said Jeff Skilling left for "personal reasons" and there were not hidden financial problems.
You told us you were becoming more transparent in financial disclosures and then tried to slip a $1.2 Billion dollar equity reduction by us.
The list goes on and on.
Why should we believe you now.
One more thing Mr. Lay.
I suggest take the listing of "executive awards" off the internet site.
I suspect new "awards" will be coming out soon.
And please don't waste your time sending me self serving "feel good" memos anymore.
I finally caught on to you.
| Enron Announces Plans to Merge with Dynegy |
The following reports have been waiting for your approval for more than 4 days.
Please review.
Owner: Mark E Koenig Report Name: Miscellaneous IR Expenses & Boston trip Days In Mgr.
Queue: 4
| Expense Reports Awaiting Your Approval |
Ken: When things settle down and you can get away, Polly and I would love to host the Lays out here in the Sonoma Valley.
The guest house is done on our Sonoma farm and we would love to see you.
We realize that Aspen is always there for you, but if you want some sunshine and wine-tasting, please don't hesitate--and calling us at the last minute
| Wine Country Visit |
I have found the events of the last two months to be among the most unsett= ling in my 15 years of owning stock in public companies.
I have sold my 1= ,800 shares of Enron Corp. because I no longer have faith in the board to = be a good watchdog for the best interests of the shareholders.
I just don= 't understand how senior managers can manipulate the financial results of = the company for the past five years and only recently be discovered.
I ex= pect the board to act as more than a lap-dog for senior management.
I am = encouraged you turned down the chance to accept a $60 million payday for t= his merger that salvages what little shareholder value remains in Enron.
= I would expect the board to seek repayment of any and all bonuses paid to = senior managers based on these inaccurate financial results, including the= estimated $30 million paid to the CFO, who allegedly is the architect of = this scheme to defraud stockholders.
Had I known the company was apparent= ly built on smoke and mirrors, I would have sold my stock long ago and not= be forced to watch my children's college fund be pocketed by executives = who have little regard for the stockholders they were hired to serve.
I g= uess the only lesson I can take from this is that no company, no matter ho= w large or prestigious is safe from dishonest management.
I do not includ= e you in this group, but I do believe you and the board bear some blame fo= r allowing this happen for the past five years.
=20 Wayne Heilman Former Enron Stockholder
| Upset stockholder |
Please open the attached file to read the complete text of the following items: 00:19AM EDT 8-JUN-01 MERRILL LYNCH (S.FORTUNA) AAPL CPQ DELL APPLE COMPUTER:PEELING BACK ESTIMATES 07:04AM EDT 8-JUN-01 ABN AMRO INC. (GODFREY,GEORGE J.)
MSFT INTC MICROSOFT CORPORATION: INTEL MID-QUARTER UPDATE IS POSITIVE FOR MICROSOFT 04:08AM EDT 8-JUN-01 CREDIT SUISSE FIRST BOSTON (CHOPRA, AMIT) AM CALL: SUNW: NOT SEEING THE BOTTOM 06:51AM EDT 8-JUN-01 PRUDENTIAL SECURITIES (K.ALEXY) HAND PALM CPQ HAND: HAND GETS SQUEEZED, SHARPLY LOWERS GUIDANCE 06:29AM EDT 8-JUN-01 SALOMON SMITH BARNEY (JONATHAN JOSEPH) INTC INTC: REITERATES Q2 GUIDANCE; NO CHANGE TO ESTIMATES 10:03AM EDT 8-JUN-01 MORGAN STANLEY/DW (MUNSON, GILLIAN) CPQ DELL: BANTER ON A BUDGET-WITH DELL <<6.08.01 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 6.08.01 |
Mr. Lay, I wrote you a few days ago concerned about the news articles describing the amount of money passing to top management during Enron's crisis.
This morning I received an e-mail that states you are going to forgo the payment under the Change of Control Provision which amounted to between $60 to $80 million depending on which article you read.
I want to commend you on this decision which most likely would not have been made by a lesser man.
Your credibility and your personal integrity have both gone up a notch in my estimation.
Thank you,
| CHANGE OF CONTROL PROVISION |
Dear Mr. Lay, I just wanted to drop you a note and personally wish you the best of luck with Enron Corp. through the holidays and in the coming new year.
Although I am not a stockholder, I've always believed that Enron Corp. was on the cutting edge of everything that was good about the energy business, and what's right for Texas in particular.
My wife works for the American Heart Association here in Austin.
She said you and your company have been a long time and generous supporter of AHA.
Thank you for that.
As I was reading in the Austin American Statesman this morning, I understand that you have gone to great lengths to do "the right thing" for everyone concerned.
I firmly believe that you will come out of this situation on top and continue to prosper and profit as always.
P.S.
I hope that my email moniker of "elduque" didn't throw you.....I am not with any east coast competitor!
I picked it up while watching a World Series game last year and thought it appropriate at the time, when Yankee pitcher "Elduque" was busy striking out the side.
Here's hoping you can do the same!
Best Wishes For The Holiday Season!!
Respectfully, Douglas Smith
| Our support/Best Wishes |
We all realize how hard this has been on you personally and professionally.
Your gesture yesterday was further solidification of your integrity and intestinal fortitude.
I personally, would be proud to work for any company you are running.
Thank you and good luck.
| Thank You |
Last night when I left the Enron Building, once again I was so very depressed thinking that another executive was taking millions of dollars away from Enron and leaving the employees to fend for ourselves.
On the way home I heard your announcement on the radio that you were not going to exercise that part of your contract.
Thank you for restoring my faith in Enron.
I truly appreciate the sacrifice you are making and thank you for thinking about the employees.
| Thank You |
Mr. Lay, I do not know you other than what I have been told by peers.
Everything has been with regard to a very high respect for you personally and what you have done with Enron.
I am an employee in the $40,000 dollar range of EOTT and can not comprehend the salaries and monies made by top executives in shares given and "privileges" extended.
It is an honorable thing you are doing by not accepting the $60 + million but I personally feel you deserve something.
You have worked hard, probably worried many hours, and yes, probably played hard and enjoyed much and with the empire you have built will continue to live the rest of your life in luxury (a very enviable position to be in).
We are all where we are because of decisions we have made and your employees made their decision based on their best judgement call at the time.
Working for a company is like a marriage.
You put your faith, trust and confidence in the person of your choice and that person can change and put you through a lot of turmoil and grief, the same with the company you marry.
Employees will be able to recoop some of their savings once their stock has been converted to Dynegy.
I am not trying to change your mind about the money but want you to know that their are employees with feelings and a good mind to think things through and feel you are justified in accepting some reward for the dynasty you have helped to build.
Good luck to you in the future.
Continue to enjoy your life.
Respectfully,
| Your decision |
Attached for your information is a memo that we plan to send out to employees worldwide Monday afternoon or Tuesday morning discussing the Policy Committee's cost saving recommendations.
To the extent there are unique aspects of these policies as they apply to your business unit, please follow up with a further communication to your employees.
We will send you a list of frequently asked questions that deal with systems issues.
Thank you.
| Cost Savings Memo |
Dear Mr. Lay: In this trying time of second-guesses and angry shareholders, I wanted to let you know that I have appreciated working for you and share a quick story of how you shaped my view of Enron and the corporate world in general.
My second rotation as an associate was to write speeches for the Office of the Chairman.
Generally, I was creating presentations for Jeff Skilling, but I did create a couple for you as well.
The one I remember best was for the speech at Astro Hall for the Houston Energy Conference where we announced Enron Online.
Not only did you let me lead the internal roundtable (I remember sitting at the table, trying to keep my composure as Greg Whalley, Dan Leff, Louise Kitchen and others asked specifics about the slides I created), but you also (generally) agreed with my answers and thanked me for a job well done.
That night, I shared a bottle of champagne with my wife and truly believed I could do anything!!
So, as far as I am concerned, you have done a tremendous job.
Everything happening now is unfortunate.
It happened on your watch and thus is partly your responsibility.
But you have stepped up to the plate, most likely saved more jobs than lost, and been accountable in more ways than one.
Being a leader in good times and in bad, and more importantly affecting the lives of your employees on a personal basis, are truly attributes that I hope to continue in my lifetime.
I just wanted you to know that you have truly made a difference in one man's career.
And I feel all the better for it.
My prayers go to you and your family.
Best regards,
| You Did a Good Job |
Dear Mr. Lay, I am one of many long time employees who has lost my life's savings and my kid's college fund.
Today I am receiving my 15 Years of Service Award and having my Anniversary luncheon.
Would you like to attend?
My Department would appreciate a candid picture of how this could have happened to such a great company.
I have gone through tough times and many good times with Northern Natural Gas, InterNorth and Enron.
I was always so proud to be a part of this company.
Should I have seen this coming?
I was just another sheep following and believing everything our leaders, Skilling, said regarding the probability of Enron's stock splitting.
I didn't play the market but looked at my 401K stock purchases as long term retirement and continued to put money into the 401K even when we (my family) were struggling to do so.
I too grew up on a farm in Missouri.
I was raised under the same Midwest rooted values and the strict convictions of my father that you did not take charity or borrow money.
He also preached that to sue was not the way to correct a wrong.
I was always a little prideful that you too were a Midwesterner, with those rooted values of high integrity, compassion, and honesty.
Life goes on.
I hope to continue my employment though all of this and will continue to be a great employee, only now for Dynegy.
This is also a concern since I am in my late 40's.
My job, my kid's education, and my retirement weigh heavily along with the atmosphere we are all currently living in.
This reality is a struggle with many unanswered questions and devastating concerns for the future.
I would appreciate your thoughts.
Respectfully yours,
| Anniversary Luncheon |
Ken: I think this is very honorable for you to take the position of not accepting your severance.
That would be hard for anyone else to turn down.
My hat's off to you!
Having retired from Enron, we can use any help from you possible to preserve the retiree benefits in the new Dynegy, Inc. organization.
If you have any influence over Dynegy, Inc.
Please ask them to keep the Inactive Employee (Retiree) Medical provisions.
My wife, Brenda, still has fond memories of meeting you.
She was in the RED wheelchair at our last meeting.
Thanks and good luck in your future and we always enjoyed receiving your family Christmas card and picture, Dennis & Brenda Alexander Sealy, Texas
| Thanks Ken |
Although I realize it is likely too late, an alternative to forgoing the incentive clause under your employment agreement would be to instead accept the $60 million, and set up a lottery for Enron employees in which 30 winners would each win $2 million (or some variant, i.e.
10 winner for $6m, 120 for $500k etc.).
This could be done for employees of record at the time of the merger.
The idea clearly has pros and cons, but on the whole I feel would create some positive news for people to focus on in this difficult time.
It would certainly be a non-traditional and positive way to close the Enron era.
| "Outside the Box" Employee Morale Idea |
Hello, I feel like I am in a bad dream and when I wake up all this merger stuff will be a joke.
Why Dynegy?
The culture is so different.
I had the opportunity to work for Dynegy and there where many racial and uncomfortable events that happen for many employee's.
We lost our name with this Merger as well as the pride.
I truly believe another solution will come to surface.
Hopes and Prays can developed us all from this disappointment.
Thanks,
| Merger |
Dear Ms. Smith and Mr. Calme, I am sorry you could not reach me for comment on today's article.
I did not receive any messages from you on my home phone, cell phone, office phone or via email or fax, so I am not certain how you actually tried to reach me.
Nonetheless, since you seem to have run out of stories to report and have decided to focus on transactions for 1997, I thought it would be helpful to address some of the facts that you did not present in your story.
Three other partners, David Cox, Edward Ondarza and Sean Shaub, started Paper & Print Management to develop a derivatives market for pulp and paper products.
Mr. Cox and Mr. Ondarza were also brought into Enron when Enron purchased the rights to the company and gave me the contract you described.
Mr. Cox received the same compensation terms as I did and Mr. Ondarza received slightly lower compensation.
Both Mr. Cox and Mr. Ondarza are still with Enron.
You may be familiar with Mr. Cox as he was featured in an article that Fortune ran on Enron a couple of years ago.
The $1 million payment was used to purchase rights to the business from the Southern Company, who had funded our startup costs.
With the acquisition, and to this date, Enron is the leading market maker in pulp and paper derivatives.
I believe they have transacted over $15 billion notional since they acquired our company.
I do not have access to the specific P/L because I am no longer with Enron, but the pulp and paper trading organization at Enron generated enough profit to fully repay the cost of purchase, including the contracts provided to myself, Mr. Cox and Mr. Ondarza, inside of two years.
If I can answer any additional questions, please feel free to contact me.
Email is best.
Take care, Mark
| Today's Article |
Newly appointed Asst.
Secretary for EERE, David Garman, is urgently seeking input on the 31 programs administered by his department.
Do not miss this opportunity to provide written and/or oral comments on the program objectives, deployment, and if programs are meeting their objectives as well as recommendations for future objectives and implementation.
[See Public Notice Attached].
Your input will be used to help determine the future of these programs, identify new programs, and provide the basis hopefully for a DOE supplemental budget increase.
A.
Seven public meetings will be held around the country from June 12th - Jun 26th.
You should at a minimum submit your recommendations in writing to DOE [instructions contained on page 2 of the announcement].
B.
Be as specific as possible and cite success stories as well as failures.
Brief comments are also welcome to show general support and/or need for improvement or termination.
Please be as constructive as possible to help restore funding for those programs you support.
C. Please provide me with copies of any written comments by email so the Alliance can hopefully incorporate your suggestions in our written comments as well.
This is one of the most important and timely opportunities you will have to impact these programs.
Asst.
Secretary Garman needs our input!
Feel free to contact me with any questions by email or calling 202-530-2213.
| Golden Opportunity to Impact DOE/EERE Programs & Budget |
Hi Mr. Lay, I just wanted to say how much I appreciate your gesture regarding the $60 million.
It has been a true pleasure working for a man with such integrity and geniune concern for his employees.
My heart goes out to you as I can't begin to imagine the sense of loss you must be feeling.
I am however, aware of our (your employees) loss, as I'm sure we will never again experience someone of your character and magnitude.
God Bless.
Sincerely,
| Thank You |
Mr. Lay, I understand that we may not be having the holiday party.
I think this would be a huge mistake!
We have worked hard all year and recently haven't had much to celebrate.
I know alot of women (myself included) who have already bought their dresses.
I think this could be our Enron Swan Song and go out with a bang!
I think what you did about your bonus was the most unselfish thing a man in your position could do.
I have been honored to work for a man of your caliber.
I hope my next CEO can live up to your very high standards!
Regards,
| Holiday Party??? |
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