input stringlengths 93 39k | output stringlengths 1 117 |
|---|---|
A new Kudlow's Take has been published on Kudlow.com.
As a subscriber, you may click the hyperlink below, login, and view the latest Kudlow's Take.
AOL Users please note, you may need to copy and paste the hyperlink into your web browser.
Thank You,
| New Kudlow's Take |
This message is forwarded on behalf of Artis G. Hampshire-Cowan, Esq.
Secretary of the Board of the Trustees: President Swygert asked that I forward to your attention the attached letter which provides an update on the creation of an informal advisory committee for Secretary of Education, Rodney Paige, in light of the tragedy of September 11.
The advisory committee's first meeting was held today, October 12, 2001.
> <<October 11.doc>> - October 11.doc
| Advisory Committee for Secretary of Education |
Ken, Beau and I would like to share the family partnership and investment information with Bernstein to get their Family Wealth group up to speed.
We think they can provide a perspective on diversification and they will do it at no cost and without an established relationship, unlike most of the investment banks.
Painewebber needs your permission to release the information.
Would you please send Rocky a letter authorizing Beau or me to release this information to third parties so we can move forward?
Thanks, Mark
| Partnership Information to Bernstein |
Two conference calls have been tenatively scheduled to allow you to directly discuss Enron's commitment to its credit ratings with senior managers at Standard & Poor's and Moody's (Ben Glisan will join you in your office at the times detailed below).
Both agencies have been briefed on the contents of next week's earnings release as well as the pending equity adjustment associated with the Raptor transactions.
On Monday, our analysts at both agencies will be briefing their rating committees on the Enron announcement.
They will then contact us with their official rating decision.
Andy, Ben and I feel that a proactive call from you today will positively impact the message our analysts deliver to their committees.
Based upon the discussions with the analysts held over the last two days it is apparent that several key assurances from Enron senior management are sought.
They are as follows: Enron is Committed to Maintaining its Credit Ratings - emphasize that the ratings are critical to the fundamental businesses which drive our success, gas and power marketing.
Note that both our counterparties and creditors place great weight on our consistent rating profile.
Due to this, the agencies should be confident that we will aggressively defend the ratings.
Our Core Businesses are Strong - We are the leading franchise in energy marketing.
We anticipate continued strength in the financial performance from the commodity groups.
No charges to be taken are associated with our ongoing businesses.
Portland General and Other Asset Sales will Occur - Proceeds from these divestitures are material and will be applied first to allow us to get our leverage statistics back in line quickly.
Reemphasize Your Commitment To Simplifying Financial Reporting - The analysts have given considerable consideration to you public statements associated with providing more detailed information to the financial community regarding our performance.
Acknowledge Remaining Issues Facing the Company - The agencies are following the developments on Dhabol, the valuation of the EBS fiber optic network, and the ongoing Azurix/Wessex performance.
Provide comfort that we believe the ultimate resolution of these items will not have a material adverse impact on our credit.
If you have any questions or comments, Ben will join you 15 minutes prior to the first call.
Regards,
| Moody's and Standard & Poor's |
Dear Jenny, I refer to our phone conversation of today 12.10.01.
As Dr Lay has registered for our Energy Governors Meeting in Davos I sent him an invitation to the Preparatory Meeting.
The purpose of the Preparatory Meeting is to brainstorm on possible topics and discussion leaders for the programme of the Governors Meeting for Energy which will take place from 3 to 5 February 2002, and to identify the latest trends in the industry.
In order to prepare a successful Governors Meeting, the issue selection is primordial.
I am pleased that among the first confirmations for the Preparatory Meeting we received confirmations from ABB Ltd, ENI SPA, Royal Dutch/Shell, Statoil Group, Ruhrgas, EDF, Duke Energy Corporation, Engen Petroleum Ltd, Gaz de France, some of which will be represented by their top-executives.
As it is impossible for Dr Lay to participate at the Preparatory Meeting, we would be most grateful if you could nominate a delegate as well as send us his preliminary ideas on interesting issues and panellists for the programme.
Of course, I am fully aware what a long way it is to go for a one-day meeting from Houston to Geneva.
This Preparatory Meeting is scheduled for Tuesday 6 November from 08.30 to 16.00 and will be held at World Economic Forum Headquarters in Cologny.
We would also like to invite this person to an informal dinner on the previous evening, Monday 5 November at 19.30, at the Hotel Beau-Rivage in Geneva (13 quai du Mont-Blanc, 1201 Geneva, Tel.
41 22/716 6666).
Please find enclosed some suggested topics for your consideration.
(See attached file: issues.doc) Should you have any questions concerning the Governors Meeting, please do not hesitate to contact me any time.
I look forward to hearing from you.
Yours sincerely,
| World Economic Forum, Energy Governors Meeting |
Ken, John mentioned that he contacted you recently to introduce my firm, myCFO.
We'd welcome the opportunity to meet with you, discuss your wealth management needs, and present our unique approach and expertise.
I think you'll find the time well spent.
We provide unbiased, comprehensive wealth services to a limited number of high-net-worth individuals --- with outstanding client satisfaction as our
| Following up on John Doerr's Introduction |
=09I apologize for this e-mail being so late.
I know that probably someone= has already sent in an email with this comment, especially during the time= =09you requested the employees let you know how we could all pull together= to improve the outlook that the outside world has on Enron.
I had a =09ge= ntleman on our floor a few weeks back, that told me he had worked for Enron= a while back, he said the most damaging thing that hurts Enron in =09the p= ublic eye, is the fact that a person can seldom talk to the same person in = a department more than a few times before their contact in that =09departme= nt moves to another department or leaves.
He said it gives the public a fee= ling of insecurity in trusting a company where the employees =09move around= so much.
I hope this doesn't upset you, I just thought I would let you kno= w what one gentlemen told me regarding the company.
I =09absolutely love th= e foundation that you have built Enron on, and I only hope that more compan= y's follow suit.
Have a wonderful day.=20 =09
| FYI |
Dear WRI Friends and Family, =20 A few weeks ago the WRI Board had a powerful and wide ranging discussion o= f the events of September 11 and their aftermath.
We talked about the con= cept of human security, and the connections among security, environment an= d development.
The following are some observations flowing from that disc= ussion that the Board suggested I circulate to WRI's friends and family.
= With violent conflict underway, this is a difficult and uncertain time to = try to draw conclusions, but it is a critical time to think about the futu= re.
=20 =20 Terrorism is hideous theater.
Victims and audience are one.
Information a= nd images flow around the world without regard to borders as barriers or t= he intentions of those who create them.
We are compelled to respond, lock= ed in the scenes of a tragic drama, a violent twenty first century moralit= y play, running round the clock on CNN.
In our minds it began on Septembe= r 11th, but in other minds it began perhaps a decade before with the Gulf = War, but now the awful question is when will it end?
How do we create a m= ore secure world?
=20 We do not know what the men who hijacked the four planes on September 11 a= nd killed thousands of innocent people hoped to accomplish.
It does not a= ppear that they were poor men, but there is reason to believe that Osama b= in Laden is bent on provoking a war in which the poor would be his soldier= s. Neither violence nor hatred is a pathology only of the poor, but the c= ompound of misery, powerlessness and injustice is volatile - exactly the m= ix that the terrorists who attacked us hope to ignite.
We cannot create s= ecurity only by striking at the flint; we must deal with the tinder.
=20 What if we capture the leaders of terrorist groups, seize their resources,= disrupt their networks, and deter their state sponsors, but act with narr= ow focus, treating terror as a crime without a cause that we can address, = will our world be secure?
A safe and stable world requires more fundament= al changes.
=20 The squalid slums in the sprawling cities in the poorest parts of the worl= d are growing explosively, expanding by a million people a week.
Three-fo= urths of the world's agricultural lands are degraded, and the cities are f= illing with people driven from rural areas by expanding population and fai= ling lands.
There are about a billion teenagers in the world, most of the= m poor, jobless and struggling for shreds of hope.
Within a decade or so,= if trends continue, there will be 27 cities in the developing world that = are bigger than New York.
If they are full of jobless young men with nowh= ere to turn, they will be tinderboxes of anger and despair.
=20 One-third of the world's people face water scarcity, and water use is risi= ng twice as fast as population.
Three great rivers, the Amu Darya, the Col= orado, and the Yellow no longer reach the sea in dry seasons.
The number f= acing scarcity is likely to double in the next several decades creating a b= and of scarcity around the middle of the globe.
70% of the water people u= se is for agriculture, and it is used to produce half the world's food.
W= ater scarcity is already raising tensions in many places including the Mid= dle East, the Mekong Delta, and between the United States and Mexico.
=20 A billion people depend for food on wild caught fish, but two-thirds of th= e world's fisheries are being harvested beyond sustainability, and many ha= ve collapsed, taking with them people's livelihoods.
Half of all jobs wor= ldwide depend on fisheries, forests, and agriculture.
In one-fourth of th= e world's nations natural resources directly produce more income than indu= stry.
=20 Global warming caused by the industrial world's ever-increasing burning of= coal and oil is underway, and scientists predict that it will cause not j= ust hotter weather, but more severe storms and droughts.
It will intensif= y the agony of dry regions, worsen the misery of the poor, and drive still= more refugees from the land.
Meanwhile, two billion people still have no= access to electricity.
=20 Terrorism and war are, in part, the more immediate consequences of ever in= creasing oil consumption, particularly for transportation.
Osama bin Lad= en has explained his terrorist acts against the US as a response to the pr= esence of US military bases in the Islamic holy land of Saudi Arabia.
The= US military is there to ensure access to Saudi Arabian oil, which represe= nts the largest oil reserves in the world, about 25%.=20 =20 Many of the most insecure regions of the world are also the least democrat= ic.
People there are not only poor, they are voiceless.
Dependent direct= ly on natural resources they have no say in how those resources are used, = but suffer the consequences when the decisions are corrupt and the use is = destructive.
=20 The notion that security, stability, and sustainability are linked is by n= o means novel.
Refugees have been driven from the land by the collapse of= natural systems for millennia.
Nations have fought for access to scarce = natural resources.
The CIA recognized the connection in an unclassified r= eport last year.
Human ability to improve lives while we protect the futu= re has grown rapidly, however, and we must use these capabilities as an al= ternative weapon in our war on terror.
=20 Imagine if we determined not only to root out terrorism, but also to depri= ve it of soil in which to grow.
We in the United States might triple our = aid to the poorest nations from $17 to $50 per American per year, supporti= ng a vast improvement in education, health, and micro credit to launch sma= ll businesses.
We would support improved agriculture, community based fis= hery management, and the dispersion of practical technologies to use water = many times more efficiently.
We would work for greater access for more peo= ple to sustainable energy resources.
We would work to ensure that people h= ave the chance to participate in decisions about natural resources and en= vironment.
We would honor our commitments to ensure that poor women can p= lan their families.
We would seek to broaden our anti-terror alliance int= o a partnership for human security, abandoning unilateralism for broad col= laboration.
We would join the same allies whose help we now seek in confr= onting terrorism, to combat global climate change, using our immense techn= ological capacity to reduce our use of fossil fuels, and diminish our depe= ndence on foreign oil.
=20 =20 The partnership for human security would make the world a safer place even= if it cannot remove all of the causes of conflict between peoples and amo= ng nations.
Consider the alternative.
If the United States takes direct = action but withdraws from collaboration on broader purposes any security w= e achieve will be ephemeral.
If our oil use continues to rise we will hav= e fewer options in the Middle East.
If we fail to invest in development w= e will have fewer friends and fewer customers.
If we do not solve tomorro= w's problems today, we will still have today's problems tomorrow.
=20 What is WRI's role?
Do we matter?
=20 There are organizations around the world, many of them WRI's partners, who= work to improve human security.
Human security is at the heart of WRI's = work.
Our mission is to "move human society to live in ways that protect = Earth's environment and its capacity to provide for?future generations".
= Our work is to create solutions to global problems and vehicles for the co= llaboration necessary to implement them.
=20 After the attacks on September 11th, WRI staff received several thousand m= essages of concern and outrage from our colleagues in more than 100 countr= ies.
These were not the list serve exchanges of rumors and misinformation= that surged through the web, but affirmations from our partners in values=
| The Other Weapon In Our War Against Terror |
In order to remain consistent with Enron's new security access procedures for the Enron Center Campus in Houston, all Body Shop Members and Guests will be required to present their Enron Photo Badge ID or a Photo Driver's License to the Body Shop Security Officer each time they enter the Body Shop.
We appreciate your assistant to expedite these procedures by being prepared to present your ID to the Body Shop Security Officer each time you enter the Body Shop.
All members will continue to use their Enron ID Badges to access the exterior Body Shop building security card reader as well as use their Badge ID's at the Body Shop Front Desk Member card reader.
Lee Wright Body Shop Program Manager
| Body Shop Security Access |
It is my pleasure to invite you to attend a dinner presentation by Dr. Elliot Jaques, Sr. Research Professor at George Washington Univerisity.
This dinner and discussion will be held at the Shoreline Grill, October 25th from 6:30 PM - 9 :00 PM.
As many of you know, Dr. Jaques is an internationally acclaimed author and speaker on organizational leadership and hierarchy.
He has authored over 20 books on the subjects of individual and organizational growth and behavior.
A bio for Dr. Jaques is attached along with a flyer which provides information about how to register for the dinner discussion.
Thanks & I hope to see you there for this unique opportunity!
| Dinner Speaker Invitation |
Ken, I am responsible for managing Enron's banking relationships, and have been speaking to Rosalee about reserving time on your calendar for meetings with our top 4 banks.
Given the uncertainty and tightness in the credit markets, Andy, Ben and I have discussed the importance of getting you and Andy in front the senior members of management at JPMorgan Chase, Citigroup, CSFB, and Deutsche Bank.
We are expecting all of these institutions to play an important role in achieving our year-end financing plan.
Rosalee has indicated that you may have time available on Tuesday, November 6th to meet in New York.
Please let me know if you can make your calendar available for these meetings.
Thank you,
| Bank meetings in New York |
This is a post-only message.
Please do not respond to this message.
You may register online at www.aei.org/inv010530.htm.
Current Policy Issues in Securities Regulation Wednesday, May 30, 2001, 9:00 a.m.-3:30 p.m. Wohlstetter Conference Center, Twelfth Floor, AEI 1150 17th Street, N.W., Washington, D.C.
The basic structure for the public distribution of securities in the United States-which places limits on a company's communications before a final prospectus is available-was adopted almost seventy years ago, before the revolution in electronic communications and the advent of the Internet.
The capital markets are globalized for institutions trading privately, but the access of U.S. residents to foreign securities is still restricted in various ways.
The SEC's recent Regulation FD ("Fair Disclosure"), which requires companies to disseminate material information to the public at the same time the information is distributed to selected groups, may diminish the role of analysts as information intermediaries.
Does the communications revolution require changes in the securities distribution process?
Is there a responsible way to create truly globalized securities markets?
Is Regulation FD soundly based in policy or academic work?
This conference, sponsored jointly with the Securities Industry Association, will address these and other questions.
8:30 a.m.
Registration 9:00 Introduction: Peter J. Wallison, AEI 9:15 Reform of Public and Private Offering System Presenter: William J. Williams, Jr., Sullivan & Cromwell Discussants: Kenneth Josselyn, Goldman, Sachs & Co. Anita Klein, Securities and Exchange Commission Donald C. Langevoort, Georgetown University Law Center 10:45 Internationalization of Primary and Secondary Offerings Presenter: Hal S. Scott, Harvard Law School Discussants: Robert L.D.
Colby, Securities and Exchange Commission Edward F. Greene, Cleary, Gottlieb, Steen & Hamilton Jonathan Macey, Cornell Law School 12:30 p.m.
Lunch 1:30 Regulation FD and the Value-added of Analysts Moderator: James K. Glassman, AEI Presenters: Brad Barber, University of California at Davis Frank Fernandez, Securities Industry Association Discussants: David M. Becker, Securities and Exchange Commission Tom Burnett, Merger Insight Kevin A. Hassett, AEI Joseph McLaughlin, Brown & Wood Louis M. Thompson, Jr., National Investor Relations Institute 3:30 Adjournment I will attend the conference on Wednesday, May 30.
Name: Title: Affiliation: Address: City/State/Zip: Telephone: Fax: E-mail:
| May 30 AEI Event Reminder |
The Management Committee is invited to join the Enron Corp. Board of Directors on Tuesday, October 9th, for it's open Board session and lunch.
Among other agenda items, management briefings will be made for both Enron Americas and Enron Energy Services.
Please come to EB5001 at 9:20 a.m. on Oct. 9.
A seated lunch will be held in the 50M dining room following the meeting.
Thanks.
| ENE Board Meeting - October 9th - NEW TIME! |
Sorry to have missed you at the investor presentation last week, if you or beau want any of the slides please let me know and we will forward them.
Now that our venture activity is defined and stable, we are starting to look at phase two of genesis park's evolution, which includes advisory services.
As you can imagine, we see a lot of deal flow that isn't a good fit for the fund, but we feel that we could assist on a fee basis.
To that end, we have an interest in identifying an impact player from the investment banking world who can drive that aspect of our business.
Ideal profile would be new york experience with a background that included both energy and IT.
Given the turmoil in the markets, we are asking a few of our investors if they know of anyone with those characteristics that either is in houston already or has a significant tie to the community.
Thanks, and i trust you know that we would be pleased to help enron in any way if there is a need to rationalize any business lines that now seem non-strategic.
| possible reference |
Mr. Lay, I am writing to you this afternoon because I am concerned for the safety of me and my coworkers here at Enron.
In light of the recent events that have happened I am worried that security here at Enron is still lacking.
I only say this because just this morning I forgot my Enron badge, so I had to get a guest pass, this of course is not a big deal and happens all the time.
However, I had my backpack with me like usual and nobody seemed to even raise an eyebrow.
Now obviously I pose zero threat to Enron but I feel like somebody who walks in with a guest pass needs only a drivers license, which hasn't been a problem for most terrorists to acquire, of somebody who works here at Enron.
Can you see where I am going with this?
Anyway, I'm a first year analyst and this whole event makes me more and more nervous as time progresses and the events unfold.
I only come to you with this concern because I am not the only one of my friends who have mentioned it.
Please take this into consideration and know that I only raise this issue for the safety of everybody.
Sincerely,
| concern |
Management Committee Offsite Wednesday, October 24 11:30a - 5:00p Four Seasons Hotel, Whitney Room Lunch will be provided An agenda will be distributed prior to the meeting.
Please call if you have any questions.
Thanks,
| Confirmation of Management Committee Offsite - Wednesday, October 24, 11:30a - 5:00p |
Monday, October 8, 2001 Dear Ken: I am writing to request a meeting with you during the month of November.
I plan to be in Houston several times throughout the month, and I'm available to meet at your convenience.
I'd like to update you on Children First America's recent successes and upcoming plans, as well as learn more about your interests and priorities.
With the upcoming Supreme Court ruling on school choice, our opportunities have never been better for helping children distressed in innercity schools.
Thank you for your consideration of this request.
Cheryl Hillen will contact your office to see if an appointment might be arranged.
Best wishes,
| Meeting with you |
I participated last weekend in the Leadership Forum for Fall 2001 of the Center for Houston's Future.
I wanted to thank you for recommending me as a member of the Forum.
I thoroughly enjoyed the opportunity to meet so many interesting, talented members of the Houston community.
I know that I will enjoy working with the group during our second session, November 1-3, as well as collaborating on some "homework" assignments that we will complete between now and then.
I especially am excited about the possibilities of making an impact on Houston's future through developing both relationships and action steps through my association with the Center.
Thanks again for making this opportunity available to me.
--Sally Beck
| Center for Houston's Future |
Susie Lewis in Exxon-Mobil's Public Affairs Department called me today for an update on The Center's capital campaign.
Terry Koonce has just passed on to her The Center's funds solicitation packet for consideration and Susie wanted to know how corporations, other than Enron, are responding to The Center's request.
I indicated to her that the follow-up calling was just beginning and that as soon as I could give her an update, I would.
I tried to get information from her regarding Exxon-Mobil's take on the request.
She hesitated a bit.
I said that the request was for an effort of the business community that was unprecedented in the history of Houston.
She agreed and said that Exxon-Mobil has two guiding factors in funding any effort: 1) the potential for impact on E-M business 2) the philanthropic value.
She went on to indicate that attracting workforce to the Houston region was a key necessity of E-M. She also agreed that unless this region had a plan, it would be left behind.
She was upbeat, asked intelligent questions and appeared genuinely interested in and enthusiastic about The Center's efforts.
She has asked that I call her back next week.
In addition, Dennis Winkler, Manager, Community Relations - Houston for Shell (and Partnership liaison for Steve Miller) approached me at the Partnership's board meeting on Tuesday to chat about The Center.
He mentioned the fact that Steve Miller had asked him to go to Shell's Foundation and put Center for Houston's Future in line to receive funding.
Note: Dennis did this prior to our solicitation packet being mailed.
I asked Dennis if Steve had received The Center's solicitation packet and if so, had Dennis heard any comment.
He said that he didn't know, but asked for a copy of the packet.
This was sent to him.
I am setting up a lunch with Dennis next week at his request to talk about The Center.
Please let me know how to proceed.
At this point, I have not received the final list of your calling preferences.
If I can fill-in or customize the list for you to facilitate your follow-up telephone calling effort, please let me know.
I would be more than glad to help.
Thank you for all of your help.
| The Center for Houston's Future -- Capital Campaign |
Ken, it is my understanding the Harry was recommended to us by Irwin Setlzer and is going to talk to our Advisory Committe and maybe the Management Committee at the end of the month in London.
( I think that Steve organized this at your request?)
I had breakfast with Harry in D.C. and while I don't know a lot about him, I was impressed by some of his initial thoughts and the "totalilty" of his thinking as it relates to rebuilding our image and reputation.
He told me he had spent some time talking with Steve, Mark and Greg in an attempt to prepare his presentation but, as noted below, he would like to have some additional information.
I want to be careful here as I am not officially involved and I do not think Steve knows I met Harry, therefore I thought I should check with you before sharing our internal survey with him, or the external "image" study.
Again, only a first impression, but he may be able to fill a role for us that I suggested to you that Shelly Lazarus might, in terms of educating our folks on what makes up a company's image and why it matters.
Please let me know how you would like me to handle this.
Thank-you, Beth
| Additional Info for Harry Clark |
Dear Ken, I can understand Mrs. Bush's scheduling dilema.
We will move ahead and look into other speakers and or entertainers for the event with the ability to cancel in order to accomodate Mrs. Bush if she were able to attend.
We, as a committee would love to be able to announce that she is coming, but understand the need for security.
It is our hope and prayer that she would grace us with her presence, her wisdom, and her wealth of informatiom about education.
I have emailed JHD and given him an idea I have to honor my dad in some way at the event because of his endless support in our school and his grandchildren.
I will let you know more about that as it develops.
My dad knows nothing about it so I thought I could run it by John and he could give me sound advice.
I have big vision for our school and this community.
My dad taught me that.
Thank you for everything you are trying to do for us.
Sincerely,
| Laura Bush |
Dear Mr. Lay: My name is Jose E. Zambrano, I am an attorney that works at the Legal Affairs Dept.
of Vengas in Caracas Venezuela.
Vengas is a company 97% own by Enron, and its mayor business is the distribution and sale of Gas in all the country, we are leaders in the venezuelan gas market.
Last month I was around (in Enrons building and Tree Allen Center), in Houston but unfortunatly we couldn?t meet.
Since two weeks ago, I start at Vengas and I just want to let you know that I am at your services down here.
Please do not hesitate to contact the Legal affairs dept.
at your convinience.
Best regards & wishes for yourself and family, Jose E. Zambrano Ll.
PS: My local phone No.
at Vengas (212) 902-7923, and my celular phone No.
(0412) 277-04-17.
| Greetings from Vengas-Caracas/Venezuela. |
Attached for your review is the current agenda for the Management Conference.
While there are a few remaining speaking slots to be filled, I wanted to give you each an opportunity to comment on it.
We plan to send an email invitation to Enron management early next week with a link to an online registration website.
The agenda will appear on the website.
Also, please note that each of you are scheduled to speak at the conference.
This is in direct response to feedback received after last year's conference that attendees want to hear more from Enron leadership.
I'll be working with Steve Kean and his team over the next few weeks to develop potential messages.
Steve, Cindy and I will schedule time with each of you to discuss proposed messages for your individual presentations.
I look forward to any feedback on the agenda.
Regards,
| Current Enron Management Conference Agenda |
Following up on our discussions at the September 17 Board meeting, Wednesday we communicated our earnings expectations for the 3rd & 4th Quarters, 2001, 2002, and 2003 to investment analysts.
This communication was as we discussed at the Board meeting, but in addition we chose to communicate the special charges that we will be incurring in the 3rd & 4th Quarters.
Since it was relatively close to our earnings announcement [planned for October 18], we decided that it would be best to disclose the special charges now rather than waiting.
Attached is an updated summary of the special charges.
They have changed somewhat since the Board as we raised the total charge for the third quarter by $.04 per share to $.14.
Specifically, in the Restructuring and Asset Impairment category the charge increased by $.03 primarily due to the required write off of manufacturing facilities in Brazil.
We also added $.01 related to Loss on Early Extinguishment of Debt as our open market repurchase activity resulted in the acquisition of a higher mix of longer-term issues, thus increasing the cost somewhat.
The reaction by analysts to these charges is that they are truly one time items.
Therefore, they will be normalized out and analysts will view the 3rd Quarter results as being $.66 per share.
Even though we lowered expectations for the fourth quarter and 2002, overall the communication was accepted positively.
In particular, investors appreciated our willingness and need to spend more in 2002 to maximize the sales of the five new products we expect to launch in 2001 and 2002.
We closed Thursday at just under $79, down about $3.75 from our close on Tuesday.
This was a much better result than we anticipated.
If you have any questions about this, please let me know.
Charlie 10/4/2001 - Q3 & 2001 Yr Normalized Items.doc
| Follow Up to Sept. 17 Board Meeting |
Dear All, Just to advise everyone that Liz and JL will be arriving late for Pop-Pop's dinner on Friday, October 12, because she is chairing an event that evening.
Her event is billed until 7:30 p.m. but due to the fact that she is a chair she won't be able to leave until it is over.
Therefore, we will not take the big group photo until they arrive.
Thanks, Linda, Mom
| Family Photographs |
Dear Dr Lay, Thank you very much for your prompt response concerning the Preparatory Meeting for the Energy Governors Meeting in Davos.
Of course, I am fully aware what a long way it is to go for a one-day meeting from Houston to Geneva.
However, in order to prepare a successful Governors Meeting, the issue selection is primordial.
I am pleased that among the first confirmations for the Preparatory Meeting we received confirmations from ABB Ltd, ENI SPA, Royal Dutch/Shell, Saudi Aramco, Statoil Group, Ruhrgas, some of which will be represented by their top-executives.
Nevertheless, in order to have a representative overview on issue priorities I would very much appreciate your feedback on the issue list that had been attached to the invitation for the Preparatory Meeting.
(I re-attach it to this email.)
(See attached file: issues.doc) I will participate at this years World Energy Congress in Buenos Aires.
Should you be planning to be there, it would be a great pleasure for me to meet with you on this occasion in order to get an in-depth feedback on your specific interests concerning the Energy Governors Meeting.
I will stay at the Reconquista Plaza hotel (Tel.
: 54 11 4311 4600 / Fax: 54 11 4311 3302).
Should you have any questions concerning the Governors Meeting, please do not hesitate to contact me any time.
Yours sincerely,
| World Economic Forum, Energy Governors Meeting |
Move-in date for us is December 15th and your assistance is desired for selection of fabrics for KLL's furnishings.
You will appreciate that time is of the essence to be certain his office is ready for move-in.
Please let me know, or you can contact Gary Napper directly at 713/345-3984 as to your earliest availability for meeting with him and the designer and architect, Jeffrey State.
They will tailor their schedule around yours.
Thanks Linda.
| New Offices |
Ken I just got a note that you sent me regarding a letter from Tadaaki Hashida at NHS requesting that you speak at their conference (unfortunately it took almost two weeks to get from your desk to mine).
Mike McConnel has the Global Markets lead there (with Joe Hirl reporting to Mike and Joe serves as country manager).
The business that I have is a small metals team and the power development company of 16 employees working under the joint venture company ePower.
Nick O'Day runs this company for me.
Mike is the key guy to determine if your time would be well spent from his business perspective but relative to my businesses, I doubt if it would be the best use of your time.
You may be aware that Mike's team is in the midst of negotiating a larger deal with Nisho Iwai.
The success of this negotiation is likely to shed a great deal of light on our broader business prospects in Japan.
John
| Note from Nihon Keizai Shimbun |
THE WRECKAGE OF SEPTEMBER 11TH CAN BE REMOVED.
BUT WHAT ABOUT THE HURT...?
Do not miss WHUT-TV's...
AFTERMATH OF A TRAGEDY: AMERICA RECOVERS A forum of the Howard University Center for Public Service Part II of a series, this televised panel discussion focuses on the PHYSICAL, EMOTIONAL and SPIRITUAL aspects of the tragedy and strategies for coping.
AFTERMATH OF A TRAGEDY: AMERICA RECOVERS features...
| Broadcast Alert: "Aftermath of a Tragedy...PART 2--AMERICA RECOV ERS! |
Mr. Lay: It was good to see you down on the trading floor today.
I have been in the power trading group for about a year now.
I came over from the corp. development group after we sold the peakers to Allegheny and to Cinergy.
I was the one who convinced my Dad to buy those two peakers.
The power trading group is a really solid group of individuals.
Sitting where I do I see and hear alot of what goes on in the heart on Enron and I feel that this part of the company is doing really well.
I have been with Enron for over four years now and I continue to learn alot as well as contribute to Enron's bottom line.
Eventhough Enron's stock price has come off a little I still think this is a great company and that the overall fundamentals are very sound.
I hope all is going well!
Regards,
| Power Trading Group |
The Partnership's affiliate 501c3, the Center for Houston's Future, has embarked on a search for a CEO who can continue the outstanding work begun by Gene Vaughan, Jim Royer and several other volunteers and staff.
The specification and skill set that the committee is looking for is outlined in the attachment.
Fellow board member Tom Simmons of Spencer Stuart has agreed to assist the Center's committee in the search.
We are requesting your assistance in the identification of qualified candidates for this position.
We are on a relatively short timeline.
The committee will identify the candidates by the 12th of October and then screen and recommend to the Board of the Center by the regular Board meeting on the 18th of October or a special meeting on the 24th.
Should you know of a qualified candidate for this position, please contact me by October 12th at 713/ 844-3601, by fax at 713/844-0201 or by reply to this message.
If feasible, please include some information about your candidate so that we can effectively screen them with the committee.
Thanks,
| Action needed! Center for Houston's Future CEO search |
Ladies and Gentlemen: As a follow up to Jim Schiro's note, I would like to solicit your views and understand your thinking as it relates to the Global Business Council.
It would be helpful to get your thoughts and ideas to develop the framework of the Global Business Council in the following areas.
I am aware of the pressures on your time.
Brief points, or the first thoughts that come to mind will suffice.
ROLE What are the primary objectives/activities of the GBC?
What are the specific activities that the GBC will undertake and those it will not undertake?
STRUCTURE Who should be members of the GBC How many members should be on the GBC?
What are your recommendations for the 1) membership selection process, 2) membership period, 3) membership orientation GOVERNANCE What should the leadership structure look like?
How should leaders be selected, and the length of terms?
How often should the GBC meet (keeping in mind the objectives of the group)?
What are your recommended location (s) and/or format of meetings (e.g., face-to-face in various locations, video conferences, etc.)
PROCESS How should the GBC operate in order to accomplish its goals (working groups, special projects, interaction)?
Who should attend the meetings (WEF members, only GBC)?
How should the GBC interact with the other councils (WEF consultative groups, etc.)?
PERFORMANCE How will the performance of the GBC be monitored (groups and individuals)?
- Performing the key responsibilities of the charter - Council dynamics: communication, discussion and consensus - Interaction with the WEF and other councils - Appropriateness of focus areas - Attendance, preparation and participation We will incorporate your feedback into a strawman charter and circulate it for your review next week.
Thank you once again for taking the time to shape this thinking.
Sincerely,
| WEF Draft |
Ken, we are working with a team that is building ethanol plants throughout the Southeast and the Midwest, and we are in the process of arranging the right capital partner as well as identifying the right strategic partner for that endeavor.
The other players in this ambitious project have relationships into Enron, but I thought that you might be able to shove me in the right direction of the person to talk to there.
I hope all is well with you, and one day when you are in the DC area and have nothing better to do you will let me have the opportunity to visit over dinner and reflect on how many years it has been since you and we created the Natural Gas Clearing House.
We are having a lot of fun putting together large private equity deals and you might find that aspect of what we do as possibly interesting as well.
We have expanded into the energy and utilities space as telecomm and technology have had their share of problems.
In any event, would appreciate the input and look forward to a visit in the not too distant future.
Best regards, Tom
| Ethanol Plant Project |
I wanted to thank you for taking the time last Thursday to meet with us to review the activities and Building needs of the College of Biblical Studies.
I think you got a good picture of an organization with tremendous impact on our City and our society, yet is relatively unknown in the business community.
Your potential leadership help with this College though your contribution and the potential Honorary Chair we discussed could be pivotal in bringing this unique Houston Institution into public view.
I can't think of another way to bring disparate cultures together more meaningfully, than to share a common belief in Christ.
We look forward to your prayerful consideration of our requests.
On another topic, I can't tell you how pleased I was to meet your son.
He is a wonderful man that you should be quite proud of.
Bonnie and I have 14 , 18, and 20 year old kids.....I can only hope, dream, and pray that they turn out as well !!!
Thanks for your time and interest ....
I think of what your leadership has
| College of Biblical Studies |
Dear Mr. Kenneth L. Lay, My name is Mike Singh - Business Development Manager at Tavant Technologies.
My company specializes in sell side integration and collaborative commerce.
For your review I have attached two word documents, both have beneficial information for your company.
Once reviewed, we would like the opportuntiy to make a presentation for you and your team.
Thank you for your continued patience.
During this we will show you how we will contribute to your companies growth.
The presentation will be done by myself and the Vice-President of our company.
During this presentation we will share information that will result in new ways to do business.
Our current customers are benefiting from Tavant's solutions to the tune of 5%-10% improvement in margins.
Please contact me via email or phone and let me know what dates are best for you and your team.
Thank you.
| Request for a meeting |
Dear Ken: By what I read, you've had quite a time lately.
Keep up the great work!.
The above will be held at the Houston Club and will be quite a fun event.
I believe ENRON has participated in the past.
Tables of 10 are available for $5000 and $2500.
There will be a very nice silent auction, too.
As you know, the DHD, on whose board I sit, does great things for the old part of downtown and many of the facades are a product of the DHD's grants.
We would really appreciate ENRON's participation.
| Downtown Historic District "Restoration Ball," December 1st |
Ken and Tori: I am very pleased that you are willing to try to arrange for yourself, Ken, or someone come to guest lecture in the course Don Tapscott and I are teaching.
Per your email of sept 21, I know that Nov 16 doesn't work.
I responded on sept 23 that the two other days that would fit in the course schedule are Oct 12 and Nov 2.
If I could now ask you a big favor and that is that I need to nail down an Enron date so that I can juggle the other speakers accordingly.
So if at all possible, I would dearly love to hear by the end of this week.
Thanks so much for helping.
R.
| An Important Reminder |
This is from a morning briefing that goes out to all of the Schwab clients: So it's a near-certainty that more stimulus is coming from Washington.
But the details change constantly, as trial balloons are floated and shot down day after day.
Some quick highlights: ?
In stark contrast to its foreign policy/defense team, the Bush economic brain trust looks inept, unable to coordinate its plans and apparently unwilling to provide much direction to Congress.
?
Filling that vacuum are Republicans who want big tax cuts and Democrats who want to spend much more.
?
This means the budget surplus in fiscal 2002 is in free fall.
It's possible that the budget could go into deficit this year, but our guess is that it will be in the black by a little, probably under $50 billion.
But these estimates aren't worth much right now - the big story is that the surplus is melting fast.
| Bush Economic Team "Inept" |
Ken, I was pleased to have an opportunity to meet with you and Linda in April to discuss the Library/Honors campaign.
To date, over $12.3 million has been raised and we have several proposals outstanding.
I'm writing to ask your help with Jack Trotter, a trustee of the Vivian L. Smith Foundation.
Earlier this year you indicated that you would be willing to sign a letter to Mr. Trotter on behalf of the Library/Honors building project.
Enclosed is a draft of the letter.
A proposal for $250,000 was submitted to the Foundation in May, the trustees are scheduled to meet on June 15.
Mr. Trotter is a trustee with both the M.D.
Anderson Foundation (which has already committed $1 mil to the library/honors project) and the Vivian L. Smith Foundation.
The Smith Foundation provided a grant of $500k to the KUHT/KUHF Melcher building that opened last fall.
Please let me know if you have any question regarding the enclosed letter.
Also, please fax or e-mail the final letter to me at the address below.
Thank you very much.
| UH Library-Honors Campaign |
Dear friend and colleague, I am asking for a few minutes of your time and consideration.
But first I pray that you did not have any loved ones who were victims of the Sept. 11th tragedy.
I, like you, have been absorbing all of the discussions surrounding the terrorist attacks.
I have never seen our country so thoughtful, so questioning and so united.
But I must admit I am very concerned for the future and for the choices we make as we move ahead.
While I fully understand and support the need for a military response, I believe that the United States needs to take measures to bring more stability, economic balance and good will to the world community.
I am a businessman in Washington State.
In trade-reliant states such as ours, we are increasingly aware of our interdependence with the rest of the global economy, and the continuing need to nurture and grow emerging markets.
It is good business and in our economic self-interest to help reduce the disparity between wealthy and poor nations.
For the past 10 years I have worked on business solutions to poverty alleviation in Central America.
I have become increasingly aware of the immense capacity of the US to share our knowledge, business know-how, entrepreneurial skill and financial resources with poorer countries.
My involvement has convinced me that people who have hope for the future and an economic stake in their community share our desire for economic stability and productive societies.
Conversely, conditions of poverty and despair breed hopelessness, violence and extremism.
Two unfortunate realities haunt me.
One is that fully half the people on our planet are barely surviving on an income of $2 per day, and their prospects for the future are dark indeed.
The second is that the United States gives less per capita to international development efforts than any other industrialized nation.
At the same time, our defense budget is one hundred and fifty times larger than our development assistance budget.
Of course, we need a strong and vigorous defense capability, but I believe we also need to balance our response to the global economy by investing in measures that will help close the growing gap between the haves and have-nots.
Not only is it the humanitarian thing to do, it is also a way to invest in preventative actions that will move us in the direction of balanced growth, rather than violence, terrorism and global economic instability.
Out of this crisis, I believe there is an opportunity to build truly collaborative partnerships with other countries.
Alongside our multilateral military response to the events of September 11th, we should seek multilateral efforts for increased political and economic support to poor countries.
I hope that you will consider joining me in sending the following message to your elected leaders and decision makers, and to your friends and colleagues.
Sincerely,
| Urgent Message |
Hello everyone, Mrs. Lay is taking inventory and organising her furniture.
She has asked me email everyone with the request for everyone to photogragh all furniture that is not your own.
This means that if you have any of hers or your fellow siblings furniture she would luike a photo for our records by the 12th of October.
I have a digital camera or a polaroid that you can borrow.
If you have no foriegn furniture please reply with a "Nope, Don't have any!"
by friday October 5th.
Also on a side note, Please be on time for the family dinner on the 12th of October.
We will be taking the kiddy christmas shot before dinner.
| Furniture! |
I am serving as a Board Member for the Houston Children's Chorus.
The Chorus is presenting a Children's Commemorative Concert on Sunday October 14 th at Grace Presbyterian Church and has requested corporate underwriting in the amount of $ 5,000 for the event.
Proceeds from a free-will offering will be given to the Red Cross education fund of the children whose parents died in the September 11 New York tragedy.
Mr. Steve Roddy has sent correspondence to your office in this regard, and I hope that you will give his request serious consideration.
Thank you,
| Corporate Underwriting |
Hi again, Ken.
First, I hope you, your family, loved ones and friends were not hurt in the tragic attacks this month.
And thank you for sharing with me your views on California's energy crisis, and also the challenge of global warming.
I hope we can work together on these issues.
I'm writing to introduce you to myCFO, a venture where many of my partners use (and love) the services.
John Chambers, Jim Barksdale and I serve on the board.
myCFO is a unique wealth advisory firm for high net worth individuals.
Particularly at this time -- in turbulent markets, and before the close of the tax year -- we think myCFO might be of value to you and your family.
| wealth management, taxes from diversifying personal portfolio, in troducing myCFO |
Dear Ken, Since you and I go to the same church and are on the Trustee Board together ( First United Methodist Church ) as well as serve together on the Greater Houston Partnership board ,etc, etc..I think I can imagine how busy you are.
And I know how hard it is to contact you too.I am going to ask this very informally...but very sincerely...
I have a LARGE favor of you...and I did not want to ask YOU in public last Tuesday at GHP Ex.
Committee nor at lunch with Elizabeth Dole.
I am the new Chairman of the Theatre Under the Stars (TUTS) Board.
I preface my request with that announcement so you will know how important this is to me as well as to TUTS and the city at large.
IT IS WITH ALL THE EXCITEMENT AND ENTHUSIASM AS WELL AS GREAT HONOR...that I tell you that President and Barbara Bush have said YES to being the Honorary Chairs of the May 18th,2002 Theatre Under the Stars (TUTS) Gala ...our opening night in the new Hobby Center for the Performing Arts .I know you (very graceously) turned down my request to be a Theater Under the Stars (TUTS) Board member...but my favor NOW is asking you and your lovely wife to serve as Co- Chairs for that event along with George and Barbara.
I have a few other prominant Houstonians that I will be asking to Co-Chair along with you.And if you have anyone you think would be appropriate to serve with you ...please let me know.
We have some grand ideas and need only your name and influence to make this a successful evening for TUTS!You and your wife may be as involved or not involved as you like!We would like to top the funds raised by this current year's event that was Co -Chaired by Chuck and Kim Watson .They helped TUTS
| Theatre Under the Stars.....2002 Gala...My request for you to be Co-Chairs with your friends...the Bush's |
MIAMI- Thursday, October 11, 2001 - Latin America Economic and Political Update; Ricardo Amorim, BNP Paribas, New York; Fernando Losada, ABN Amro, New York; Tho rston Ruelle, Dresdner Bank Lateinamerika AG - Presentations and discussion: 4:0 0 - 6:00 p.m. (EDT), Location: Hyatt Regency, Venetian Ballroom, 50 Alhambra Pla za, Coral Gables NYC - Wednesday, October 17, 2001 - Government and the Internet in Latin America ; Eduardo da Costa, Brazil; Julio C?sar Marg?in y Compe?n, Mexico; Hernando Pan tigoso, Costa Rica, Presentations and discussion: 8:00 - 9:15 a.m. (EDT), Locati on: Americas Society, 680 Park Av.
(at 68th St.) NYC NYC - Wednesday, October 17, 2001 - Amb.
Arcaya - Venezuela - Presentation and d iscussion: 5:00 - 6:30 p.m. (EDT), Location: Americas Society, 680 Park Av.
(at - Arcaya01ann.doc - gov't&internet2001ann.doc - MiamiUpdate2001.doc
| MIAMI PROGRAM / 2 NYC PROGRAMS |
Western law enforcement authorities are uncertain as to the form of possible follow-up terrorist attacks by bin Ladin, but much concern continues to be focused on the threat to infrastructure targets, and particularly nuclear power stations.
US and Canadian authorities have stepped up security considerably, but neither plant security nor plant structures were designed to withstand a strike by a large airliner.
UK law enforcement officials privately object to the UK government's position that Irish terrorists still represent a greater threat to power stations and gas terminals than do other international terrorists, and are maintaining a higher level of security than that dictated by the government.
New security measures will increase costs for nuclear operators and fuel the debate on nuclear power.
An FBI contact has informed us that law enforcement authorities do not know what to expect in the form of follow-up terrorist attacks.
He believes that bin Ladin would use different elements within his organization and a different modus operandi, making it difficult to foresee and prevent such attacks.
Training at bin Ladin camps is known to include attacks on infrastructure targets, such as power stations.
Much of the focus among Western authorities has been on the threat to national energy assets, and particularly nuclear power plants.
Although nuclear plants are among the most hardened structures constructed and are generally designed to withstand extreme natural events (eg, earthquakes and tornadoes), attacks by large aircraft were never considered in the design process.
The traditional security approach at these plants is consequently inadequate.
Response to this perceived threat has varied from country to country: The security posture of US nuclear plants has been elevated to the highest level since immediately after the attacks.
This has involved increased patrols, augmented forces, heightened coordination among relevant authorities, and limited access to installations -- all representing little defense against a fully fueled airliner.
| Terrorist Threat to Nuclear/Energy Infrastructure: Western Response |
I've attached a draft of the LJM statement to the Wall Street Journal.
Please give me your comments as soon as possible.
I propose releasing the statement to the reporters tomorrow afternoon.
Mark Palmer ext.
34738
| LJM Statement |
May 29, 2001 Dear Ken: It was great to see you in Denver.
The group of leaders from the Western Governors' Association and major businesses were energized to take control of their destiny, and your ideas contributed enormously.
I think that you and I are very much on the same page regarding the President's Energy Report and the opportunities that it presents.
In addition, Joe Romm and I have worked a bit with the Enron Energy Services team on some initial ways to highlight and quantify the "green" aspects of the EES product.
You are well positioned to prove what initiatives bring both business and energy/environmental benefits.
Per our discussion, I have attached below a copy of a confidential preliminary report on the potential for a "Cooler Houston" initiative.
The scientific models relating to "urban heat island effects" indicate that planting trees, lightening the color of roofs and resurfacing pavement with lighter material can reduce ambient high temperatures in Houston and thus potentially lead to ozone reductions far cheaper than the cost of the "last mile" tons indicated in current SIP efforts.
Success requires developing some technical agreement and common cause among U.S. EPA, TNRCC, the City of Houston, and business and civic leaders in the City.
Bill White and the leadership of the Greater Houston Partnership have been spearheading early work on this.
Our team is working with U.S. EPA and TNRCC to see if they can agree on the models.
We would be very interested in your ideas on this.
Moreover, if the technical people can agree in concept, we would value your support of an achievable Cooler Houston plan going forward.
Naturally, the plan is exciting because it offers economic, air quality and broader quality-of-life benefits to the Houston community.
Ever since we developed the acid rain trading program, I have enjoyed promoting such ideas!
Please let me know anything else that you need.
I hope to see you soon.
In the meantime, best wishes to you and the family.
Sincerely,
| Cooler Houston Project/ Follow-Up to Denver Discussion |
September 26, 2001 To: Disaster Relief Advisory Board - Defense of Houston 1.
The news as you will see on the website today in the news clippings, is further evidence suggesting that bin Ladan's associates were attempting to procure a chemical and/or biological weapons in means of deployment such as crop duster airplanes.
2.
The Executive Board as you can see from your e-mails, Dr. Kenneth Mattox, Professor of Surgery at Baylor College of Medicine and Chief of Surgery and of the Medical Staff at Ben Taub General Hospital, has been working in this general areas for years.
He has found time in his busy schedule to put a lot of thought into this crisis and has made suggestions that the rest of us had not thought of.
I am sure that you will agree with the decision to add him to the Executive Board.
Houston owes him a lot already.
3.
Privacy/Security - Please remember not to share these e-mails with anyone as they contain the e-mail addresses of prominent people who could be deluged with e-mail.
We give out no e-mail addresses or telephone or fax numbers of Board members to anyone.
We have used group e-mails because: 1) no one objected when I asked, 2) so members can communicate privately, and 3) because it is faster.
Once again, if anyone objects, please just say so.
The website hits are only 300 or so, but recent media inquiries to me, Dr. Duke, Dr. Mattox and Dr. Feigin, to name just a few, suggests that there is a lot of public interest in this issue.
For this reason, we will keep the website public as an education forum (it is the only one with links to all of the 16 relative websites, with daily updates, and it is the only one in Houston - period).
However, we will password - protect the bulletin board for our advisory board members.
We will e-mail you the password.
The user i.d.
will be Houston, and the password will be Defense.
We encourage you to create your own password and of course, it is critical that the password not be shared.
Once the bulletin board is up, it will be much easier to conduct discussions, votes, etc.
4.
Acceptances - To date, we have(60) YES and (1) REGRET.
We have edited the membership of the advisory board to reflect the accepted invitees.
Please RSVP, if you have not already done so, and we will restore your name to the list.
The duties are non-existent and the effort will, if it succeeds, have a brief but useful life.
If you would like to continue to receive e-mail updates and have access to the website, but prefer not to have your name listed as an Advisory Board Member, you don't need to do anything, but please contact us if you wish to have your name removed from this list, and we will do so immediately.
No one has made such a request, but we want to be respectful of people's time and privacy.
We appreciate the fact that you or your office gave us these e-mail addresses, but we don't want to clog your inbox.
Let us know if you want to unsubscribe.
Will those of you who have accepted, please review the title next to your name and send us an e-mail, so the title will read exactly the way you want it to read.
5.
Plan - I will take a crack at drafting a plan to serve as a springboard for discussion on the website's password-protected bulletin board.
I hope to post it by Thursday evening.
I hope you have already seen (for the clippings) in the News section of the website announcing that Mayor Lee Brown has asked Dr. Ralph Feigin, the Chancellor for Baylor College of Medicine, to take the lead as the liasion for the physician community.
The Mayor has announced that more drills will begin next week.
Dr. Feigin has many years of experience in the problem of biological weapons and is a Board Certified Specialist in Pediatric Infectious Diseases, in addition to being a Chairman of Medicine at Texas Children's Hospital.
Thank you again for your interest.
It is critical that the medical community make the best plans it can, undertake research to improve our readiness and our medical defenses, and the medical community very much needs the help of the leadership of Greater Houston.
Sincerely,
| Update on DOH September 26 |
I received the resume you sent from Matthew Snow regarding his direct request to you for employment consideration.
We are reviewing it and we will contact him and see if his skills and background fill a need for us at ENW.
Thanks.
| Resume from Matthew Snow |
Attached is a draft employee memo, which has been reviewed by both Rebecca and Paula.
Please review, and let me know if you have any comments or changes.
Thank you.
| Employee Memo re: Corporate Secretary |
The Commission discussed its market based rate policy at today's meeting.
They did not vote out an order today, but expect to take up this issue again next meeting.
The staff memo recommended the following: For an interim period, FERC will deal with pending requests for market based rates and with triennial reviews of those rate authorizations, using a new test called the "Supply Margin Assessment" (also called a jazzed up version of the hub and spoke test) where a seller's capacity will be reviewed against the generation reserve margin in a market.
The test takes into account constraints based on TTC.
If the capacity of a seller is not necessary to meet peak demand,the seller does not have market power.
This test is applicable to all markets that are not part of an existing RTO or ISO.
For those selling into an RTO/ISO, the FERC will continue to allow market based rates subject to the market monitor and mitigation.
Staff also recommends that FERC initiate a Section 206 investigation to require each seller with market based rate authority to change its tariff by adding a provision stating that if the seller acts in an anticompetitive manner, the FERC can require refunds.
Through questioning by Commissioner Massey, it was revealed that, even if a seller did not engage in bad behavior, but sold into a disfunctional market, refunds could be required.
In the staff memo, apparently staff had left vague the definition of anticompetitive behavior in order to be able to interpret it most broadly.
However, Commissioners asked staff to better define the anticompetitive actions that could trigger refunds.
This policy will be brought up again at the next Commission meeting on October 11.
It will be issued as a proposed action, giving parties an opportunity to comment within 15 days and then also file reply comments, Final action is expected within 60-90 days.
Last, for the long-term, FERC will hold outreach meetings looking for answers as to how to detect market power and what to do when it is detected.
Since the interim measure is only a "snapshot" approach according to Commissioner Massey, he is willing to support it only along with the above described tariff provision.
Commissioner Breathitt is very uncomfortable with an open refund requirement, stating that it adds to regulatory uncertainty at a time when the Commission is most interested in giving certainty to the industry in order to assure reliability.
| FERC Meeting: Market Based Rate Review |
As a follow-up to our meeting yesterday, I thought you might be interested in the attached letter that John Kelley just received from the Stuttgart, Germany group that is also bidding for the 2012 Olympics.
They were very impressed with the concept of converting the Astrodome to a track and field facility, and they evidently are considering a similar stadium as part of their bid for the 2012 Olympics.
This seems to underscore the importance of Houston moving quickly to make the conversion of the Astrodome so that we do not lose our competitive advantage.
- Stuttgart Letter .xif
| 2012 Olympics |
Dear Ken, I have sent you two emails and a package last week.
I have not heard from you via email so am wondering if you have received anything?
I hope so.
I will make a copy of the past emails and send them to you by mail if you would prefer.
I can also put together a whole proposal if you need me too.
Just let me know via email if you can.
I understand that you must get hundreds of emails a day.
I hope this does not burden you in the least.
I remain hopeful that Laura will grace us in April.
Thanks again.
| Are you receiving anything? |
In today's eSpeak session you made the following comments: "To the best of my recollection, the only asset we sold in the second quarter to a subsidiary company was our Clean Fuels business, which we sold to EOTT, and on that transaction there was virtually no profit."
In fact, EGM recognized $120 million in mark to market earnings from an offtake agreement that was inextricably linked to the sale.
The recognition of these earnings would not have been possible without the sale.
My confidence in your integrity compells me to alert you of my concern with your statements from the eSpeak session.
I urge you to investigate the transaction further.
After you have done so, I believe you will agree with me that your statements appear misleading to anyone with a better understanding of the deal.
Regards,
| EGM earnings from EOTT transaction |
Hi Mr. Lay.
I am Cheryl Thompson-Draper's assistant and she and her husband, John Draper, are on the Host Committee for Houston Baptist University's Spirit of Excellence Gala featuring General H. Norman Schwarzkopf and honoring Eleanor McCollum, Houston Livestock Show and Rodeo, and The Robert & Janice McNair Foundation.
The Gala will be held Tuesday, October 9th at the Double Tree Hotel on Post Oak.
Cheryl and John would like to extend an invitation to you and your wife to be their guests at the worthy event.
Please let me know if you and Mrs. Lay are able to attend.
| HBU's Spirit of Excellence Gala |
I tried to submit my question via eSpeak however I received the following m= essage "The system was unable to process your request.
The information you= submitted may be in error."
Since I was unable to submit my question via = eSpeak I thought I'd send my question to you directly.
=20 I'd like to begin by welcoming you back.
Although Enron has some experienc= ed difficult times during the past year I know that you will help lead us a= nd obtain our goal of being the world's leading company.
=20 Secondly, I wanted to bring to your attention a matter that concerns me a g= reat deal.
A close personal friend of mine who works at Enron and lives in= an outlying area of Houston has been commuting to work in what I would con= sider a risky manner.
What she does and from what I understand its a commo= n practice among Enron employees as well as others who work downtown is pic= k up riders from the park & ride lots so that she can get on the HOV lane.
= People from what I understand literally line up and cars drive up and pick= up passengers.
It goes without saying that the majority of the time the d= rivers do not know who they are picking up or vice-versa.
This is the part= that concerns me.
I'm sure that most of the people that do this are good = people and have no bad intentions and are simply trying to save time and ma= ybe even get a little extra sleep.
However, what concerns me is eventuall= y I think someone who has bad intentions will come along and I don't want a= nything to happen to my friend or anyone else for that matter.
I'd like to= see if there is something that Enron can do so that our co-workers, friend= s, and loved ones can commute to downtown in a manner that isn't so risky.
= I have told my friend that this isn't a safe practice but unfortunately it= has fallen on deaf ears and would at least like to try an come up with an = alternative for her.
=20 The only alternative I could come up with is if Enron formed a voluntary li= st of Enron employees who live in the same area and commute to downtown in = this manner so that they can car-pool in together.
I know some people migh= t say that this isn't an Enron issue but I think it is because several Enro= n employees commute to downtown in this manner.
=20 This months tragic events made me realize that sometimes we place too much = of an emphasis on things that really don't matter and to focus on the thing= s that do.
I just want to try and make sure that nothing happens to my fri= end.
Thank you for your time and once again welcome back.
=20 Thanks.
| I was unable to submit my question via eSpeak |
Ken: I reviewed the letter from Mr. S. Huey Long that you forwarded to me regard= ing his suggestion that you discuss with Mr. Ravi N. Tikoo the Dabhol situa= tion and more specifically the Lakshmi LNG carrier and in return agree to l= et him bid on future LNG carrier chartering or financing business.
As you = probably recall, we are a minority investor in the Lakshmi, with Mitsui OSK= Lines the majority investor and operator of the vessel.
We are not really= in a position to control decision making with respect tot he vessel and ar= e currently maneuvering to get Mitsui to buy out our position.
Accordingly= , I do not think there is anything productive to be gained from Mr. Tikoo w= ith respect to the Lakshmi.
As to whether he can help more generally with = respect to India, I defer to your judgement.
I think we are already well c= onnected and engaging any additional intermediaries carries more risk in te= rms of confusion, mixed messages or inappropriate behavior from a FCPA pers= pective.
If you would like I can have our LNG group respond with a polite = letter informing him that we are not currently considering any additional L= NG carriers, but that we would be happy to allow him to arrange a meeting a= t such time in the future as we have shipping needs.
Jim
| Shipping Financial Services Corp. |
Updates below on Afghanistan campaign, key issues for energy/financial markets in "phase two"of campaign, Federal Reserve activity, and nuclear plant security.
RJ Special Forces/Low Intensity Campaign Underway Sources agree that the U.S. military operation in Afghanistan has begun.
Indications of special forces activity were strongly signaled when Taliban forces shot down a U.S. Unmanned Aerial Vehicle (UAV) on Monday.
The UAV that was shot down, a Predator, has a range of less than 400 miles, suggesting that U.S. special forces are closing in on Afghanistan.
Special forces units are concentrating on intelligence gathering and targeting key bin Ladin installations, as well as attempting to locate bin Ladin himself.
As Defense Secretary Donald Rumsfeld noted yesterday, "there will not be a D-Day as such."
The Afghanistan campaign at least initially will not be like Desert Storm, where CNN cameras in Baghdad hotels offered real-time imagery of U.S. air strikes.
The first phases of this war are being fought largely in secret, punctuated intermittently by what little coverage the media can provide.
The action in phase one includes night raids, a lot of small-scale special operations reconnaissance and, when necessary, direct contact raids.
A large military strike using airpower is also forthcoming, but is unlikely to be reported in real-time.
Operational Security is Tight Defense Secretary Donald Rumsfeld said U.S. military officials will refuse to comment on anything that will endanger troops or operations.
"And anyone that does talk to any of you about that is breaking federal criminal law and should be in jail," Rumsfeld said.
When asked if he would lie to the press to disguise U.S. military operations, Rumsfeld said "you never say never."
Next Phases of U.S. Campaign More Important to Markets If US military action is limited to Afghanistan, any immediate spike in oil prices is unlikely to endure because such a limited attack will not directly impact oil supply.
However, US officials have said that the war on terrorism will go far beyond Afghanistan, so markets will continue to exhibit some degree of uncertainty until further developments take place.
In the short term, oil supplies would be most directly affected by strikes against Iraq.
But any spike might be short lived as OPEC has enough spare capacity to cover an Iraqi outage.
In the medium term, oil markets might express fears over regional stability in the Middle East and Persian Gulf regions as a result of US military strikes and possible subsequent terrorist attacks.
It is expected that Iraqi biological-chemical weaponry will receive considerable attention in the days ahead and as has been widely reported, there is a split in the Bush Administration over whether to include Iraq.
The Iraqi weapons of mass destruction capability is likely to once again complicate the rollover of the UN oil-for-food program in December, which could lead to the Iraqis removing their oil from the market independently of what is happening in Afghanistan.
Another key issue is whether the expected refugee crisis and rising Islamic radicalism will destabilize the nuclear-armed Pakistani government.
Saudis Showing Increased Cooperation in Oil Policy and in Military Planning After a brief furor when the Saudi government announced that the U.S. would not be able to expand its operations at the Prince Sultan Airbase near Riyahd, US-Saudi cooperation has improved.
The public announcement of the airbase prohibition had been a PR move by the Saudis to head off domestic accusations of handing blank checks to the USA.
CENTCOM has subsequently transferred its Ops Command to Saudi Arabia.
In addition, the Saudis have responded to U.S. pressure by officially severing relations with the Taliban.
In Vienna, all indications are that the Saudis are working toward an OPEC agreement to keep the market well supplied with oil and to not take advantage of the political uncertainty affecting the crude markets by cutting production.
The most likely outcome is that OPEC will officially hold production at current levels, but agree to limited cheating to ensure adequate supply.
Another possibility is that OPEC will lower the target range for the OPEC basket price that would take lower demand forecasts into account.
Either step would allow OPEC to preserve cohesion at a time of political and economic uncertainty.
If prices continue a rapid decline after the Vienna meeting, Washington and Riyadh might come up with a "politically correct" way to "spin" an output reduction by blaming market volatility on speculators rather than on OPEC.
The cartel is likely to reconvene in early November to reassess market conditions.
Fed Shifts Its Model To Adapt to New Economic Reality The Fed is still struggling to answers for what recent events will do to the economy but it's clear that three elements of their model have fundamentally changed: 1.
The most important is a significant drop in all aspects of individuals' and companies' risk tolerance, which must be reversed quickly.
The Fed has done its bit by stabilizing the financial system and Congress is stepping in with a total stimulus package of $100-150 billion (Greenspan supports $100 bln).
On the diplomatic/military side, the balanced, multilateral approach of the administration together with discreet pressure on OPEC to reduce prices is all designed to stabilize expectations and boost sentiment.
| Competitive Analysis Update #24- US Response to Terrorism |
=09Greetings, my name is Rodney Derbigny and I am in the Associate / Analys= t program here at Enron.
I'm writing because yesterday I attended the Univ= ersity of Houston 2001 Bauer College of Business Scholarship Dinner and I w= as surprised by the non-representation or presence of Enron at the banquet = other than myself.
I graduated from the University of Houston with a BBA i= n MIS this past May and I'm curious to know why Enron is not more involved = with U of H. I know Enron is vastly involved in the community and institut= ions of higher learning, but I want to know if we can put a little more eff= ort into relationship our with U of H. Being that a large number of employ= ees within this corporation have an affiliation or graduated from this fine= university, I believe we would only be limiting ourselves and failing to c= apture the vast abundance of talent that attends this school.
=20 =09Last night and at the career fair last week, I had the pleasure of meeti= ng Dean Arthur Warga, Assistant Dean Bob Casey, and Associate Vice Chancell= or Spencer Yantis.
These gentlemen informed me of the College of Business'= s new endeavors and direction, especially the Energy Marketing Institute.
= I was informed that a presentation has been made to Enron regarding the Ene= rgy Marketing Institute, but the progress of the relationship is still on h= old.
I respectfully request that Enron begin taking this opportunity into = a serious consideration because of the vast opportunities it will provide f= or this company and the University.
At the banquet, a number of our curren= t industry competitors were represented and have either become involved or = voiced an intense desire to take advantage of the program.
Namely, Dynegy,= Duke Energy, El Paso Energy, ExxonMobil, and BP Amoco were represented at = the banquet.
With the name recognition Enron possess within the city of Ho= uston and the desire it fuels within the hearts of students to become a par= t of the Enron team, it is unfortunate that we are not as involved as we co= uld be.
Enron is doing a great multitude of excellent things, but I believ= e we can become better and do more.
If we are truly seeking to become the = World's Leading company, we must capitalize off opportunities as such.
The= Energy Marketing Institute at the Bauer College of Business will fuel and = drive our future by preparing students to enter into the business in which = we have made our mark and redefined the standards, Energy Marketing.
=09As a UH Alumnus, I want to encourage Enron's relationship development ac= tivities with UH.
I truly hope we take advantage of the vast number of tal= ented students U of H is preparing and become more heavily involved buildin= g an enduring relationship with this University, outside of just simple rec= ruiting at a Career Fair.
There are numerous opportunities awaiting to be = captured at UH, but if we do not realize this, the talent that is eagerly w= aiting to become a part of the Enron team will go elsewhere.
The academic p= rogram at U of H is not only what makes it a fine institution, but the fact= that U of H possesses a student body that is reflective of Enron itself.
= The diversity of the university develops students who are culturally aware,= understand the meaning of dedication and commitment (most students work an= d attend school), and who are fueled by an innovative, entrepreneurial mind= set; all of the elements upon which we focus.
We need to take advantage = of the access we have to U of H and position ourselves for the future by gr= asping hold of the students and opportunities at U of H. Students graduate= from the Bauer College of Business well-rounded, prepared to enter any are= na of the workplace; from Marketing and Management to Information Technolog= y and Finance, and ready to assume roles as the future executives and leade= rs of tomorrow.
=09If there is anything I can do to assist in strengthening the relationshi= ps between Enron and my Alma Mata or demonstrating the importance of this n= eed, please let me know.
I trust these words will not be viewed as offensi= ve or taken lightly, but that they inspire change.
Enron can truly make a = profound impact on the campus of the University of Houston, aid in the care= er advancement of new graduates, receive recognition in the community, and = position itself to truly become the World's Leading company.
=20 =09I hope I can be a part of the efforts to build the relationship with U o= f H and make the vision Enron has become a reality.
Thank you and take car= e. Respectfully, =20
| University of Houston & Energy Marketing Institute |
Dear Ken, I'm not sure quite were to turn but was hoping you could assist me.
I would like to keep this confidential especially regarding the New York Office.
As my request has nothing to do with the people in this office or the group they are wonderful I've been with Enron since '97 and I relocated up to Connecticut to work with the New Power Company when I thought that the Enron employees would stay Enron employees.
Afterwards of course we all were changed to NewPower employees.
After a couple of months I made the move back to Enron and went to the New York office and work with the Enron Metals group here at 53rd street.
(It was never my intention to leave Enron) Since the bombing I feel very displaced and my husband and I would really like to come back to Houston and was wondering if you could help me.
I was on the trading floor working with Dave Delainey's group when he was in ENA and also was the Exec Secretary/Coordinator with the MWB group in George Warsoff's group.
I would appreciate it very much if you were able to assist/guide me.
Sincerely,
| Confidential Question |
I am compiling two "Top Ten Lists" to roast Cliff Baxter at his farewell dinner tomorrow evening (Top Ten Reasons We HATE To See Cliff Leave and Top Ten Reasons We Are GLAD To See Cliff Leave).
I need your input ASAP to compile the lists.
Please respond to this e:mail with anything funny or incriminating about Cliff.
Thanks for your help.
| Urgently Need Your Response |
The Enron Management Conference will be held Wednesday through Friday, November 14-16, 2001, at the Westin La Cantera Resort in San Antonio.
While the business agenda is still being finalized, there is one thing that is certain ... we want to inject some humor into the event.
The past year has been eventful, and at times challenging, for Enron and its employees.
However, it's not in Enron's corporate fabric to focus on the past.
Instead, we want to look ahead, and even laugh at ourselves.
The Management Conference will provide a platform for just that.
We want to challenge each of the business units to develop and submit a humorous "Home Video" to be presented at the Management Conference.
The video can address any Enron-related topic that your business unit chooses.
However, there are a few rules to follow.
1.)
The videos should be no more than five minutes long.
2.)
Business units should spend as little as possible on the videos, and no more than $10,000.
Innovision Communications (Beth Stier) has agreed to work with any business unit to help them create an original, inexpensive video.
Innovision can be contacted at 713-446-4424.
3.)
The videos should be fun, but not disparaging.
They should adhere to Enron's values of respect, integrity, communication and excellence.
4.)
By Monday, October 15, business units need to notify me of their intention to submit a video.
To avoid duplication, business units will also need to identify a topic they intend to address.
5.)
To ensure inclusion in the Management Conference agenda, videos need to be submitted to me by Friday, November 9.
6.)
Awards will be given for creativity and humor.
The first annual, and soon-to-be-coveted, "Enny" will also be awarded for "Best Overall Video."
If you have any questions about the "Home Video" project, please contact myself or Mary Clark.
| Enron Management Conference - Home Video Project |
Ladies and Gentleman: As a follow up to our last Council meeting, we agreed to elaborate and clarify our thoughts on the Global Business Council.
Some of those who attended the meeting have already shared thoughts and ideas with us.
Now I would like to get input from others on the Council.
We intend to complete this process as quickly as possible, as Klaus has requested that we present a reframed charter at the next council meeting in early November.
We had intended to launch this project sooner, but events of last two weeks prevented this.
I have asked Sunny Misser, US leader of PwC's Sustainability services to assist me in this effort.
Sunny will be contacting you in the next few days to understand your thinking and incorporate your perspective in this charter.
Additionally, I am including an overview of the process and timetable for your review.
As we proceed with this exercise, it would be helpful to understand your thoughts in the following areas: - What are some of the key pressures confronting the WEF - What is the value of creating a Global Business Council - What will the GBC do (i.e.
role/function) - How should the GBC be positioned within the WEF - How will we practically implement the GBC Thank you once again for taking the time from your busy schedules to develop this thinking.
We will keep you apprised of our progress.
Sincerely,
| WEF Council Meeting -- Follow -Up |
Mr. Lay, as an employee and a stock holder of Enron, I'm very concerned with what's going on within our company.
I have always been very positive about Enron and very supportive of the management, however I truly believe that when Mr. Skillings was made CEO of the company the investment community lost interest in our company.
I know you can't tell me where the stock will be in 12 to 18 months but it would be some re-assurance to hear from you.
| Enron |
Hello family and friends.
I just received this message from, Youri, a friend of mine in Europe.
He explains that this photo was apparently taken by a tourist moments before the terrorist airline crash into the World Trade Center and that the film/camera was found in the ruble and obviously developed.
If this is real... can you imagine!!!!!!!!!
Totally disturbing, totally unreal.
Robyn
| Unreal! |
Dear Ken, One or two participants in the dinner have inquired as to whether the event will still take place in light of the tragedy of September 11.
The answer is a resounding "yes"!
There could not be a more important time for financial and business leaders to gather to discuss some of the major challenges facing the global economy, and so we are moving full steam ahead with arrangements.
Closer to the event we will be sending you some of the issues that we plan to raise for discussion.
Bill McDonough, Lord John Browne, and I are greatly looking forward to seeing you there.
Just to remind you of the time and location: National Portrait Gallery St Martin's Place London WC2H OHE 7:00 -7:45 p.m. Cocktails (Tudor Galleries, second floor)
| Yale Award Dinner for William McDonough, November 27 |
Ken, I wanted to send you a brief note letting you know that all of the agreements with the schools in connection with the Lay Foundation grants have been fully executed.
At this point, the programs are being successfully implemented on all three campuses.
I also wanted to let you know that Christie Patrick was a tremendous help with getting these contracts signed.
Her persistence and focus was wonderful.
Thank you for suggesting we work with her.
I also wanted you to know that Mike Kateman was a great help to us at University of Missouri.
Once again, thanks for all of your assistance and guidance with these
| Questia Programs |
I wanted to recognize the employees at TAP and in Tracy Ramsey's organization for a job well done during the events of September 11th.
TAP was instrumental in helping us determine which ENW employees were diverted or stranded on the ground.
The call volume during that time must have been enormous, yet we always got through and received the information we needed.
Tracy Ramsey and her staff deserve kudos for their tireless efforts to take care of stranded employees.
Tracy was personally responsible for arranging transportation for nine ENW employees stranded in Portland, including myself.
We arrived in Houston on Friday night, all grateful to be home.
Thanks again for a job well done.
Greg Piper
| Job Well Done |
Dear Ken, =09With everything that has happened in the past few weeks, I think we all = realize how dangerous this world truly can be.
As an employee, I appreciat= e the security measures that Enron has implemented over the years; however,= I think the events of September 11th show that maybe we haven't gone far e= nough.
Although we could do little about a suicide attack from the air, th= ere are many other types of attack we could prevent or minimize.
The Houst= on Police Officers, around the buildings and on regular patrol, provide goo= d basic protection.
However, in the event of a city-wide attack, the Polic= e would be unavailable and we would have to take some type of action ourse= lves.
The Security firm contracted for the building lacks the training to = respond to life and death situations.
I would recommend, and volunteer for= , a security team comprised of Enron employees with prior military or polic= e service.
There may come a time, God forbid, when we just have a few mome= nts to act and the police may not be available.
If we can't defend ourselv= es in the first few minutes of an act, it could be too late.
I served in a= n anti-terrorist unit in the U.S. Army and have a few ideas that I think co= uld help.
If this is in the realm of possibility, I would be happy to disc= uss this with whomever you designate.
I do feel safe here at work but plan= ning for the worst, before it happens, seems very prudent in these times.
= Thanks!
| Security Idea |
I understand you plan to attend the meeting on May 11th at Brennans.
I would like to put you down for another update on the energy industry situation....nothing of more interest to our group and of great importance to Houston and all of us.
Thank you in advance!!
(if something comes up at the last minute and you can't make it...I'll just fill in with something else.)
Regards, R
| WPO Forum |
Dear Family and Friends, Ken and I have invited my father and his two lady friends (Cathy Hofgren and Mary Walsh) to visit us at the Huntingdon in Houston for a long weekend.
The visit has been scheduled for late Thursday evening, October 11 until the afternoon of Monday, October 15.
Unless the horrific events of the past two weeks and it's aftermath causes some unforeseen problem, we will move forward with their visit.
Pop-Pop is anxious to "catch up" and see everyone in the family and some of our friends; he particularly wants to see his precious great grand children.
Considering his age and the difficulty in the logistics for him to see everyone, we are planning one big "extended" family/friends casual dinner for Friday, October 12 @5:30 p.m. in the Pool Room @River Oaks Country Club.
Mark your calendars and hopefully, most of you will be available to join us.
I am aware of two noteworthy events in October; the first is Sharon Lay's birthday on October 8th and the second is Halloween.
Therefore, if Sharon is able to attend, we will have a Halloween birthday party.
With Halloween as our theme, we will have "FRIENDLY" costumes for all children attending and games to play.
Jessica will be e-mailing you with a guest list and getting a definite head count, as we get closer to Pop-Pop's arrival.
If any of you have other family members or friends who would enjoy seeing Pop-Pop and/or celebrating Sharon's birthday and you would like for them to join us, please let me know.
Lots of Love, Mom/Linda
| Pop-Pop is Coming to Houston |
Dear Ken, I am a friend of your daugther Elizabeth while she was in Argentina and I am applying for a job with Eli Lilly in Indianapolis as a Latin American Development Manager.
I would like to know if there is a posibility to have a recomendation letter from you since I know you are from the Board of Directos from Lilly.
I have worked for Enron South America in Argentina and Brazil and currently runing mu own company.
If you believe this is possible just let me know.
I am attaching my cv to you.
Many thanks Ken.
Sincerely,
| Pablo Acevedo's references |
Dear Mr. Lay: On behalf of Senator Bayh, thank you for the kind invitation to attend the "U.S. Energy Policy at a Crossroads: Alternative Futures for the Current Energy Crisis," on October 3-4, 2001.
The Senator appreciates your thinking of him, but unfortunately he has a prior commitment, which will prevent him from attending the forum.
Please accept his sincere regrets.
Again, thank you for your thoughtful invitation.
I wish you the best of success
| Senator Bayh's Office |
>>>WHUT-TV presents >"AFTERMATH OF A TRAGEDY: AMERICA'S RESPONSE TO TERRORISM" >-Friday, September 21, at 9 p.m. >-Saturday, September 22, at 8 p.m. >-Sunday, September 23, at 1 p.m. >Join in on this elite forum as members of Howard University's faculty uncover the issues underlying the attack on America...and America's response to terrorism.
>-Ambassador Horace Dawson >-Dr. Frank Wu >-Dr. Russell Adams >-Professor Marcia Echols >-Dr. Renee Jenkins, M.D.
>-Dr. Marie-Line Sephocle >>>...And don't forget to watch the >>>REBROADCAST OF HOWARD UNIVERSITY'S 134th OPENING CONVOCATION: >>>-Friday, September 21, at 8 p.m. >>>-Saturday, September 22, at 9 p.m. >>>-Sunday, September 23, at 2 p.m. WHUT-TV proudly brings you these important programs, a hallmark of Howard University's Leadership for America and the Global Community.
| WHUT-TV Presents "Aftermath of a Tragedy: America's Response to Terrorism" (09/21/01) |
Dear Clients and Friends: Attached is this week's brief update summary on the political outlook in Washington for energy issues.
Please feel free to call Tobyn or me for additional details.
Best regards, Merribel - Washington Outlook in Light of Terrorist Attacks 9-21-01.doc
| Update II - Post-Terrorist Attack: Washington Outlook |
North Andean Economic and Political Update - Thursday, October 4, 2001 Venezuela, Pablo Goldberg, V.P.
Emerging Markets Research, Merrill Lynch & Co.,I nc.
; Colombia, Leo Goldstein, V.P.
Economic & Market Analysis, Salomon Smith Bar ney Holdings, Inc.; Peru, Carlos Janada, V.P.
and Sr.
Economist, Emerging Market s Economics, ABN Amro; Ecuador, Luis Oganes, V.P.
Latin America Sovereign Strate gy, J.P. Morgan Incorporated Registration, breakfast, presentations, and discussion: 8:15 - 9:15 a.m. (EDT) L ocation: Council of the Americas, 680 Park Avenue (at 68th Street) New York City SEE ATTACHMENT FOR PROGRAM DETAILS AND REGISTRATION INSTRUCTIONS - northAndeanUpdate.TIF - northAndeanUpdate.doc
| PROGRAM: NORTH ADEAN ECONOMIC AND POLITICAL UPDATE - 10/4/01 |
Ken: Attached is a draft of my proposed new organization announcement/org chart for your review and comments.
I am planning to send out Enron Worldwide Monday afternoon, Sept. 24.
Thanks,
| DRAFT "ORGANIZATION CHANGES" MEMO AND ORG CHART |
Mr. Lay, I am trying to gather a list of FUMC members that work at Enron.
Right now, you are my only source.
The Membership manager has no "Work" field to query the members.
I'd like to take advantage of the Enron Matching Program to raise money for the recent tragedy.
I am a member of the Crosstrainers (young singles) group and we are organizing a fundraiser and need extra money for the entertainment.
The Enron donations will go directly towards the NY & Washington tragedies.
Please see the attachment.
Please let me know any FUMC members that work at Enron.
I would like to notify them of the opportunity to come together to match contributions for fundraisers through FUMC.
Thanks so much for your help.
Respectfully yours, Shelley Johnson
| First United Methodist Church contacts? |
Friends, I'll be in D.C.
THIS MONDAY afternoon and evening (Sept. 24th) and am scheduled to meet briefly with Tom White and Judy Smith at the Pentagon between 2:30 and 3:30.
I know many of you have been in contact with them since they left, and especially during the last several, tragic days.
But if anyone would like to send them an "Encouraging/We Care About You" (or even "God's Speed/Go Get'em")- kind- of eMail, please address the note(s) to Tom and /or Judy and eMail it to me: christie_patrick@enron.com <mailto:christie_patrick@enron.comsend>--I'll print them and hand deliver them on Monday....I KNOW they'd BOTH love this!!!!
I'll check my eMails through Sunday night at 11:30pm.
| Tom White and Judy Smith |
Our Sept 12 downtown event has been re-scheduled for Oct 11.
This is our last big event before the election, and we REALLY need your support!
We have to confirm attendance & pay for lunches, so please reply.
(a printable version of this invitation is attached, and also can be found on our web page at www.michaelberry.com ) --Michael Berry
| BIG Michael Berry Oct 11 Fundraiser: YOUR REPLY REQUESTED |
This note is to invite you, your employees and friends to join us on Tuesday, September 25, for the introduction of the uniforms and cheerleaders for your Houston Texans.
This event will take place at the south entrance of the Wortham Theatre on Texas Avenue from 5:00 - 7:00 p.m. Our theme will be patriotic and our goal is to create a Texas-sized showing of community pride and spirit.
As I mentioned, we will be introducing the uniforms and cheerleaders of the Texans on this day; but, more importantly, we will be gathering as Houstonians, Texans and Americans to show our togetherness.
A celebrity team consisting of Mary Lou Retton, Clay Walker, members of ZZ Top, Eric Dickerson and others will join us for the event.
We will also feature the Houston Firefighters Bagpipe Group and other musical entertainers that will focus squarely on patriotic and community minded themes.
We would appreciate your help in spreading the word about this uplifting event.
We encourage your participation and also the participation of your employees and friends.
If you have any questions, please e-mail them to me by hitting the "Reply" button.
We are all proud to be Houstonians, and proud to be Texans; but, more importantly, we are all proud to be Americans.
September 25thwill provide us with a platform to demonstrate the spirit that bonds us together and makes our country great.
I look forward to seeing you on September 25th.
Go Texans!
| Texans Uniform Unveiling & Cheerleader Introduction -- Tuesday, S eptember 25, 2001 |
Dear Mr. Lay, I am writing an article for the Partnership newsletter on the meeting you attended with Rev.
Jackson this past week.
I would like to include a quote from you.
May I have your reaction to Rev.
Jackson's comments by noon, Tuesday, Sept. 25?
Thank you.
| a quote from you on the meeting with Rev. Jackson |
Strategic Synopsis September 21, 2001 10:30 AM ?
The presidential address last night confirmed that a major military mobilization is under way and that a long campaign is ahead, extending well beyond Afghanistan.
Not surprisingly, the speech did not clarify the timing of the attack.
?
The president warned the Taliban that unless it handed over Osama bin Laden and the leaders of his al-Qaeda terrorist network, it would face devastating military action.
"They will hand over the terrorists, or they will share in their fate," Bush told the US Congress.
So far, the Taliban are refusing to comply.
?
As such, U.S. military forces will strike in Afghanistan as soon as a target of opportunity presents itself.
As the President himself noted in his speech last night, some of the special forces operations will not be visible to the public, while other steps such as airstrikes will be dramatic and unmistakable.
Trying to figure out the precise timing of specific types of strikes is probably impossible at this point.
However, we safely state the following: o The President set the stage for a long conflict last night, and equity markets are anticipating significant economic pessimism.
Consumer confidence is likely to worsen if additional terrorist attacks are made against U.S. targets.
o Our sources indicate that Bush spoke at length with Saudi Crown Prince Abdullah this week, and Abdullah agreed to lower oil prices.
No specifics were discussed.
Preliminary information suggests that Saudi Arabia is carrying out extra liftings in the second half of September and moving crude cargoes closer to market.
o When the initial attack comes against Afghanistan, oil markets will likely see confirmation that no threat to crude oil supply is taking place.
But speculation about further strikes against other terrorist-sponsoring states should maintain a degree of uncertainty in the market.
o The war against terrorism will eventually have to deal with Iran and Iraq; both are major OPEC producers.
Persuading Iran to cooperate is more likely to involve diplomacy than force.
Some Administration officials, led by Deputy Defense Secretary Paul Wolfowitz, are pushing for a move against Baghdad.
So far, this group has been overruled by advocates of a more cautious approach, who realize that attacking Iraq will seriously undermine Arab support for the US.
o Washington also has to be concerned with stability in Pakistan, where much of the population (including senior military and intelligence figures) supports the Taliban.
o Terrorist retaliation to the U.S. attacks appears to be likely.
Attempts to strike infrastructure targets, including energy facilities both here and overseas, are expected.
o On the ground today, heavy fighting is raging in northern Afghanistan as opposition forces attack Taliban troops.
The Northern Alliance forces are taking advantage of US pressure on the Taliban to recapture key areas and avenge the recent death of their leader.
| Competitive Analysis Update #21- Aftermath of Terrorist Strikes |
Mr. Lay, Per my conversation with Rosie, I wanted to inform you of a couple of items regarding the Houston 2012 Olympic Committee.
Yesterday, I received a call from Susan Bandy (Executive Director, Houston 2012) advising me that she and George DeMontrond came to meet with you regarding your potential involvement and role in the Houston Olympic bid effort.
I wanted to make you aware that Mark Frevert and I are on the Board of the Houston 2012 Olympic Committee.
When I joined Enron in 1999, I was asked by Joe Sutton to replace him on the Advisory Board Committee.
We've been involved with the organization since then, and this past June, Mark Frevert became a member of the Board of Directors.
I would like to offer my services to you at any level possible with this initiative, from coordination/development of activities to attending meetings or researching opportunities.
If you need any additional details concerning our involvement with Houston 2012, I would be more than happy to do a full briefing.
This is just one of many initiatives we are working on.
We continuously keep members of the executive committee and office of the chairman through M. Frevert, engaged in our efforts.
If we can be of assistance to you on this matter or any other related to sports, sponsorships and event marketing items, please don't hesitate to call.
Thank you.
| Houston 2012 Olympic Committee |
Ken: Thank you for speaking with Tillman.
As requested, I spoke with him yesterday (along with his CFO).
There was confusion on their part as to what Enron's offer is; related to a meeting some months back by our former bundled group.
I updated them as to our current offering and they expressed interest in receiving some pricing.
The ball is in their court to provide me some information to price their stores, but I hope to receive something from them soon.
I will let you know where we wind up.
Thanks again,
| Tillman Fertitta |
Dear Kenneth, I have sent this morning a Fed Ex package to your office to arrive tomarrow Friday morning containing our school video.
I hope you will enjoy it and share it with Linda.
We are in the process of making an updated video about the school that will be debuted at the Gala in April.
I know with last weeks events everything has slowed down.
I will be eager to hear about Mrs. Bush once her schedule gets back to some normalcy.
I do so appreciate your help with this.
It is hard for us all to even think about the fund raiser at a time like this, but life does go on and preparing our children is the utmost and highest priority on our list.
William and I have poured our lives into this school as you know we all do when we have a passion for something.
I look forward to hearing from you soon.
God bless and thanks again.
Serving Him, Barbara T. Collins
| Fed Ex |
Senator Gramm, I expect you have already considered these: 1.
Rebate surpluses out of the Airline trust fund that is a collection of taxes on airline tickets.
This in addition to stopping the taxes would provide needed liquidity to the airlines.
2.
Accelerate depreciation, perhaps to two or three years, on all capital goods purchased before March 31, 2001.
This would provide a very strong incentive for capital investment immediately.
3.
Defer all corporate taxes due for the next six months and make them payable, with interest equal to AFR, over the next two years.
This would effectively put the government in the position of lending to corporations at the federal government's borrowing rate.
The net effect over two years is neutral, except for potential defaults, but the fiscal impact is significant.
Good Luck, we need more public officials of your ilk up there.
Sorry that you won't be there much longer.
Regards,
| Some Quick Fixes for the Economy |
Mr. Lay, For the past 13 days, I have been on a medical mission trip to Honduras (five of which weren't scheduled, but were necessary because Continental canceled flights in light of our nation's tragedy).
Although Honduras is a third world country and very little American news makes it there, I was told that Enron had donated 1 million dollars to the Red Cross and was matching employee donations 2 to 1 in response to the terrorist attacks on our Country.
Mr. Lay, it made me even more proud to work for this company, and to work for you.
I can't tell you what an honor it is to work for this company and for you (you hear countless stories of what you and Enron have done for our community).
Sincerely,
| Thank You, Mr. Lay |
Dear Ken, I would like to thank you for the great experience that I had with Enron, and for the opportunity that you gave me three years ago.
I joined Enron looking for a change and I have never regretted of my choice.
A lot of things changed over this time.
In my first presentation to Gazprom in Moscow, I remember, that I pictured Enron as the largest gas pipeline operator in Americas aggressively looking for energy development projects in emerging markets.
Two years later, I was talking to Microsoft executives in Redmond, who were looking for a partner to conquer a high-tec broadband world.
I don't know any other company, which can offer such an opportunity for a change and growth, and which is able to change itself so much as Enron.
I am grateful that over this time you have been personally involved in my business career and introduced me to the Enron management team - Mark Frevert, Richard DiMichele, Vince Kaminsky and others.
I also would like to use this opportunity to admit some of my mistakes.
As it was my first experience inside a corporate environment (not as CEO), it took me some time to develop relationships with people inside Enron.
These relationships are critical to achieving success within the company.
But Enron is a great place to learn, and in a culture that encourages innovation and risk-taking, some mistakes are inevitable.
I am pleased that the deal that my team and I developed and managed to provide Microsoft (MSN) with broadband network was successful (you may remember we discussed this idea prior to my move to Enron Broadband Services).
This spring I took an advantage of your recommendation and graduated from the Harvard Advanced Management Program.
It was a great experience and I learned professionally and personally.
It was a very competitive group of executives from all over the world, and the program consisted of a three-month intensive academic curriculum.
Together with one of my Harvard classmates and his Canadian telecom company, we are now working to start a new business in the US.
You have a challenging task to return Enron to its leadership position.
I admire the steps that you are making.
Without restoring integrity to internal and external relationships, it would be impossible to achieve this goal.
I have no doubts that you and your colleagues will make this happen.
I wish you all the best and thank you again for the opportunity that you
| Letter from Boris Brevnov |
Ken, I am not a smart man.
However I saw enron stock reached $26, I worry one thing.
Under current situation it is difficult to make more money.
How could we boost stock price?
Enron hired enough people already.
It is the time to cut cost, freeze hiring new people now.
Freezing hire is much more better than lay off in a near future.
Thanks.
| Now it is the time to cut cost. |
Dear All, The business units are operating on a lean G&A budget and cut costs whenever we can and making sure that we are efficient.
Are there any initiative to do likewise for all corp functions?
As an accountant in the business unit, we received corp allocations.
The total for corp was more than $700MM.
This, of course, excludes Enron Net Work, Enron Property, and Global Finance, which if we include those, the G&A to Enron could well be over $1Billion (not counting the business units G&A).
The number just blew me away.
I think we need to make sure all functions are needed and are run efficiently.
We cannot say it's OK just because we can allocate to the business units because the business units may not receive benefits for these costs.
We sure don't want Enron, as a whole, to be growing so fat and so fast that it will hurt our bottom line.
I'm sorry if I'm out of line, but I really do care about Enron and am very proud to be its employee.
Thank you for your time.
| cost cutting measures - from an Employee/shareholder point of view |
Ken, With all that has transpired in the last several weeks, I know that you must be incredibly busy; but if you can work it in, John Kelley and I would like to meet with you for about 30-40 minutes to give you an update on two initiatives, listed below, aimed at getting the 2012 Olympics to Houston.
1.
Conversion of the Astrodome to a track and field facility.
This has strong support in the track and field community and may be the most important advantage that Houston has over competing cities.
John has a 10-minute video he would like to show you that features some very strong endorsements of the Astrodome track and field facility from some of the most important people in track and field worldwide.
Also, if the Astrodome conversion were made soon enough, there is a very good chance that the 2007 World Championships of Track and Field could be held in Houston.
2.
Transfer of the headquarters of the national governing body for baseball (USA Baseball) to Houston.
This would mean that Houston would be, among other things, the site for tryouts for the U.S. Olympic baseball team.
Having USA Baseball in Houston would naturally strengthen our bid for the Olympics.
A key for getting the governing body to come to Houston would be the raising of about $3M for construction of facilities.
The deadline for completion of Houston's bid to become home to USA Baseball is the end of September, so we would like to meet with you at your convenience by September 25, if at all possible.
Let me know if that can be arranged.
I can be reached at 713-783-1223 if you want to further discuss scheduling of a meeting.
Robert Healy
| 2012 Olympics |
Hello family and friends, I am in charge of collecting shoes for the needy (C.C.S.C.)
via Nicholas' class at River Oaks Baptist School.
These shoes can be children's, men's, women's.
These shoes can be slippers, tennis shoes, boots, dress shoes or good ole fashion walking shoes.
I am more than happy to do a pick up so that you do not have to go out of your way.
One pair or many pairs, I'll take what I can get to help out people that NEED shoes.
Let me know if you have any and when it is convenient for me to pick them up.
The annual shoe drive ends on October 4th so please clean out your closets before then and give away what you are not going to use.
Thank you and God Bless,
| Shoes |
My thanks to all involved in the disaster support effort.
I would especially like to thank those in setting up the online matching.
It made giving a very simple task.
Thanks again.
| Thanks for the disaster support |
To Rosalie - Ken Lay's office MESSAGE FROM LOD FOR KEN: Thank you for your responses to my email and I look forward to hearing what your Community Relations department recommends on the Bush Library endowment.
I would also like to confirm a meeting in New York with our CEO, Tom Casey, on Wed, Sept 5 - perhaps at 4pm?
Please let us know where would be convenient for you - if it works, we have offices downtown on Pine Street and Mr. Casey has an apartment at Essex House on Central Park South.
Thanks
| Meeting with Tom Casey |
Dear Kenneth, David Kobierowski, your Forrester Account Manager, has asked me to extend you an invitation to our TechRankings Conference call on Enterprise Portal Servers.
Listed below are more details about the call including agenda, time and date.
We realize you dont currently have access to this TechRankings program, but we wanted you to have the opportunity to participate.
If you would like to register for this call, simply respond to this email and I'll get you signed up.
About 2 days before the call, you will receive slides and a dial in number from our Marketing Department.
Otherwise, my primary role is to help support the technology needs of our clients so please feel free to contact me at any time.
I hope to hear from you soon!
Best Regards,
| Pls RSVP: Invite to Forrester's Analyst Call on Portal Servers 9/18 |
President George Bush has declared Friday, September 15, a National Day of Prayer.
We are providing the attached summary of services being held in the downtown area for you and your employees.
- NATIONAL DAY OF PRAYER.doc
| National Day of Prayer |
Dear Mr. Lay, I am contacting you regarding Enron Energy Services' possible speaking participation as a at this exciting new event.
Telecom Energy: Strategies to Reduce Power Consumption, Cut Operating Cost and Improve System Performance will be held November 8-9, 2001 in Atlanta, Georgia at the Hyatt Regency Hotel.
Below is the suggested session that in which Enron could participate as a speaker.
We would like to confirm you on this session, or if you see a different session which is not listed here on the program let us know which one you are interested in.
Please review the following: Day one, Thursday, November 8, 2001 12:30 - 1:00 p.m Implications of Telecom Growth for the Electric Power Industry: The intent of this session is to utilize the data and experience from the last session (Power Consumption: Service Provider's Perspective), and place it in a national going-forward analysis of a 3- year and 5-year prediction.
Power Providers in the audience will understand what service provider growth issues will mean for power production and transmission.
What are the hot growth areas, geographically and demographically?
I have attached a copy of the conference agenda for you to review.
Feel free to email any suggestions as well.
For additional information please check out our conference website at www.shorecliffcommunications.com/tenergy Please confirm your participation as soon as possible, preferably by the end of this week or the beginning of next week, as speaking positions will fill quickly.
We would love to see your name included on the brochure to go to print next week.
When you respond with the sessions of interest please include the correct spelling of your name and title I will also need your full contact information so I am able to send you confirmation of your speaking opportunity.
As soon as possible if not along with your initial response I will need a brief biography and photo of you along with a brief company profile.
Please keep the bio and profile down to 50 - 60 words max each.
The photo (preferably color) must be high resolution (300 dpi or higher) and in one of the following formats: EPS, JPEG or TIFF.
Thanks and I look forward to hearing from you.
| Telecom Energy Conference |
We are shocked and distressed beyond words at the cowardly terrorist attack on innocent Americans.
Our prayers are for your well being and that of all Americans .
This is a quick mail to tell you that we are thinking of you at this moment and praying for your well being while condemning this act of depravity.
(ASHWANI KUMAR)
| letter |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.