postbot/aeslc_kw huggingface dataset:
Subject: Newsletter

TheMarket for Lemons and the Price of Dishonesty=20 The Nobel Memorial Prize in Economics was awarded thisyear to three economi= sts: George Akerlof, Joseph Stiglitz and Michael Spence,who made significan= t contributions to modeling markets with information asymmetry.In many case= s in a given market sellers or buyers may have exclusiveinformation that is=  not available to the counter party.
The best-known examplecomes from the [= paper by Akerlof, The Market for "Lemons": QualityUncertainty and the Marke= t Mechanism, Quarterly Journal of Economics, 84,(1970), pages 488-500.
=20 An owner of a used car can form a good idea of the qualityof his vehicle.
H= e has much better information if his car is a lemon.
As bothgood and bad us= ed car have to sell at the same price - it is impossible for anaverage buye= r to distinguish between good and bad merchandise - they sellers ofgood use= d cars are driven out of the market.
Most traded used cars will belemons.
O= f course, there are ways to mitigate the problem: an owner of a goodused ca= r may send signal to the buyer by offering him a guarantee or absorbingthe = cost of inspection.=20 Hiring is a similardecision.
As Michael Spence wrote in his paper Job Marke= t Signaling,Quarterly Journal of Economics, 87, (1973), pages 355 - 374, to=  hire somebodyis frequently to purchase a lottery ticket.
The employer cann= ot directlyobserve the productivity of a potential hire.
"What he does obse= rve is aplethora of personal data in the form of observable characteristics=  andattributes of the individual, and it is these that must ultimately dete= rminehis assessment of the lottery he is buying."
The observable characteri= stics of an individual may be immutable (raceand, generally, sex) but in so= me cases certain attributes are alterable.
A candidatecan modify such chara= cteristics as education and job history.
Some economistssay, tongue-in-chee= k, that some candidates who attended top schools and spentmany painful hour= s studying useless subjects signal their willingness to dowhatever it takes=  to succeed.
Another way to send a signal about one's qualityis to find a j= ob with a top firm at the beginning of one's career and tosucceed in this f= irm before moving on.
This provides a useful lesson to anybodywho plans to = be in the labor market at some points in his or her life: thereputation of = the current employer is critical to future employmentopportunities and shou= ld be defended at any cost.
Honesty, at the end of theday, is an imperative=  dictated as much by morality as by one's self interest.
=20   - The Market for Lemons and the Price of Dishonesty.doc=20  - The Market for Lemons and the Price of Dishonesty.doc
Subject: Invitees for Tuesday's presentation

Vince and Zimin, PSIM presentation is scheduled on 4 pm, Tuesday Oct. 30 (this is the only availabe time, EB5C2 is fully booked, and Vince will be out of town Wednesday and Thursday).
I've listed some people below.
Can you add more to the list?
Power Traders: Doug Gilbert-Smith Harry Arora Robert Stalford Steve Wang Iris Mack Power Structure: Jim Meyn Nick Hiemstra Rahul Seksaria Power Origination: Pete Heintzelman Edward Baughman Tom May Clint Dean Utku Gulmeden EES: Berney Aucoin Edith Cross RAC: Naveen Andrews Power Fundamentals Rika Imai
Subject: Gas & PoweRisk 2001 - Chairman

Vince,    I would like to offer you to be the chairman for  the morning stream session "On-Line  Trading & Risk  Management" (8th November,  11.45-13.15), to introduce the speakers (Spyros Maragos, Per Hjorth and Les Clewlow)  and lead the discussion.
Would you be interested in doing  that?
Kind Regards,
Subject: EPRM 2002 USA

Hi Vince,  Further to our telephone conversation, please find attached an up-to-date copy of the programme for EPRM 2002 USA.
I look forward to hearing from you next week.
Kind regards,
Subject: Resume of Roger M. Gray

Attention: CEO, VP of Marketing, Director of Merketing or recruiting:  Position desired: Sales/Marketing Professional, management or ANY  I am seeking the position above or any other positions which you have with your company which you feel that I would be suited for.
I currently reside in Columbus Ohio and wish to work for your company from my office in Columbus.
Below you will find a cover letter and resume of myself.
Sincerely, Roger M. Gray
Subject: Enron Corp., Enron North America Corp. and Enron Net Works  Questionnaires

We have not yet received your response.
Please forward your responses to the questionnaires to Eddy Daniels as soon as possible.
Please disregard this message if you have already sent your responses.
Thanks.
Sent on behalf of Eddy Daniels
Subject: Telephone Interview with Vince Kaminski

Mr. Hunt:  Your resume has been forwarded to Dr. Vince Kaminski, Managing Director and Head of Research with Enron Corp.
He would like to conduct a telephone  interview with you at your convenience.
Please forward me some times and dates within the next few weeks that you would be available and I will coordinate the interview.
Also, please let us know what telephone number you wish to be contacted at.
Best regards,
Subject: Cash needs

Vince,  I was thinking that max (negative)  potential exposure for different counterparties could occur for different scenarios and so combining max potential exposure across counterparties may overstate cash needs.
If overall scenario for overall max (negative) potential exposure is considered, then we will pick up some high exposures and some low exposures, which may be fine.
Alternately, why not tweak the potential exposure program to do deterministic shifts of one sigma and two sigma and assuming one factor model and perfect correlation across commodities.
Then the negative mtm values can be compared to collateral already outstanding.
This method does not guarantee that we will get large exposures, but is easy to explain.
Another thing to check with Winston is that the program does not automatically zero out negative exposures.
If it does, then we may have to flip the sign for all positions, get the exposures, then flip back the sign.
Then compare to collateral outstanding.
Vasant
Subject: Thank you.

Dear Dr. Kaminski,  Thank you so very much for your time on Wednesday.
It has been challenging to find out, from the outside, exactly what your group does on a daily basis and what type of people make up your team.
I do not feel that there is any substitute for the information, and feel, that one can get directly from the source itself, thank you for making your
Subject: Williams Energy News Live -- today's video newscast

=09 =09    Dear Vincent,  With time running out before Congress finishes b= usiness for the year, ranking member on the Senate Energy Committee Frank M= urkowski (R-AK) is making a new attempt to pass energy legislation.
On Tue= sday, the Washington bureau will cover a news conference on Murkowski's pla= ns to announce his new approach to move an energy bill this year.
Also fr= om Washington on Tuesday, Energy Secretary Spencer Abraham is the guest spe= aker at Energy Daily's newsmaker breakfast.
Abraham is expected to talk ab= out the status of energy legislation in Congress.
The Washington bureau wi= ll bring us coverage of the Abraham speech tomorrow.
The Houston bureau w= ill speak with Raymond James & Associates E?
Energy Team Vice President Joh= n Gerdes.
Earnings for some companies are down compared to the third quart= er last year, but Gerdes says production volumes seem to be in line with ex= pectations.
He'll discuss the third quarter during the noon ET newscast on=  Tuesday.
PG?and the California Natural Gas Producers Association are  co=
Subject: Process for Tomorrow

Vince,  As you meet with employees one-on-one tomorrow, you will want to cover a few items with them.
These are some things we determined through reductions in other groups that work fairly well:  have Shirley or your team admin prepared to receive all returned equipment (laptops, cell phones, pagers, blackberrys, American Express cards, long distance calling cards, etc.)
have someone call Cingular to confirm that Enron accounts can be converted to personal accounts.
I believe there is a form that the employee would need to submit to Cingular prior to the termination date.
Shirley should coordinate with each employee to verify that all pre-petition expenses have been paid and that all post-petition expenses have been submitted for reimbursement.
Because you have some lead time, you might consider instructing employees on how they should leave their desk.
It is very helpful if employees can destroy old documents, return supplies to a central location and leave the desk clean.
In the past we have realized after an employee leaves that we may not have the right contact information when needing to get in touch with them.
Attached is a template to have your employees update their personal information to ensure that any corespondance is appropriately sent.
Khymberly and I will both be in your meeting tomorrow at 3pm.
Thanks,
Subject: Latest Draft of Pro Forma Interconnection Agreement for Conf.      Call Discussion

The attached is the latest draft of the pro forma interconnection agreement  being prepared as part of the FERC ANOPR process.
This draft has been  prepared by the Alliance of Energy Suppliers (AES) as part of its  continuing effort to take a leadership role in this process and ensure an  outcome that will be beneficial for the interests of AES member companies and  the generator community as a whole.
It will be referenced on  today's conference call.
This draft is the working draft the coalition is working from this  week.
A final "consensus" version will be circulated and filed at FERC on  or by January 11, 2002.
Subject: Various

Dear Dr Kaminski:  Best Wishes for the New Year to you and your family!
Some time ago I sent you a letter with information on the Bachelier Finance Congress.
I never received a feedback from you and I am concerned that perhaps it never reached you.
In any case, please let me know if you need any help with your travel plans to Crete for you and/or your family.
( You may visit the web page of the Congress (www.ma.utexas.edu/Bachelier2002) for information on location, plenary speakers etc.)
On a different note, I would like to ask you if you would be willing to come down to Austin and give us a seminar.
Our workshop meets on Fridays.
I sincerely hope to hear from you soon and to meet you in Austin.
Best regards,
Subject: Referred by Mark Kierlanczyk

Vince,   I am an ex-Enron that was part of the "cost cutting  measures" implemented in early December.
One of the people I have spoken  during my job search is Mark Kierlanczyk from AON.
Mark suggested you  might be someone I could contact and talk to briefly about my job  search.
In general terms, I am looking for a job in finance  or structuring with an international company.
My ideal job would be one  that involved a mix of finance and origination for an international energy or  petroleum company, however I am very flexible.
Obviously, the market is  not real strong right now, especially in Houston, but I was hoping to ask  you if you have some ideas of how I might best proceed.
I am sure you are quite busy, but I would welcome a  moment to talk to when you have a couple of minutes.
(I have enclosed a  copy of my resume just to let you know where I have been...)   Many thanks,
Subject: Price Dynamics and Risk Management in the Energy Markets

Mr. Kaminski,  Greetings.
I work for Aspen Technology Inc. www.aspentech.com We have not met, but a colleague of mine forwarded a copy of your presentation on Price Dynamics in the Energy Markets from the SIAM conference last April and am writing to you to encourage you to consider making a presentation at Aspen's corporate world conference Aspen World 2002 in October in Washington DC on this topic as well as the broader topic of Risk assessment and management in the energy markets.
I know this seems a little strange making a "cold-call" in this manner, but I am reaching out in the community of Risk and Uncertainty management in the Supply Chain, Process and Energy markets to identify and solicit compelling speakers.
AspenTech does not have a traditionally strong or well developed business or application layer in this realm, but, as our enterprise-wide reach and activities in planning, forecasting and supply chain have grown and integrated, I and the technology drivers in the company have been cultivating a demand and recognition for risk management and pricing activities to BE the next logical dimension to our growth and technology.
Therefore, the session I am chairing (see the abstract below) will be one intended to educate, entice, and compel our clientele, business partners and staff on the business value, technology and mathematical and modeling technique.
I would be happy to elaborate on the intended audience and opportunity for the conference.
Please contact me at your earliest convenience by email or phone at the numbers below to discuss things if you think it would be a possibility or, if you would like more information on the context of the work and subject matter in AspenTech's core businesses.
Thanks in advance for your time.
Sincerely,
Subject: Happy New Year

Vince All best wishes for you in 2002 My condolances for all that happened in 2001 I hope your family are well Geoff  <<xmas2001.pdf>>   ********************************************************************** This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the system manager.
**********************************************************************   - xmas2001.pdf
Subject: MSCF Advisory Board

Dear Dr. Kaminski:  Following this e-mail is a summary of the recent meeting of the Advisory Board of the Carnegie Mellon Master's program in Computational Finance.
We would appreciate hearing your views on the subjects discussed.
Best wishes,
Subject: P/L Breakout

This analysis was another swag at p&l components.
We took the numbers from the daily position reports, backed out the big originations that we new about (e.g.
peakers sales) and the other "mistakes" (e.g.
the EES $700MM loss), then took out the curve-shift P&L from the backtest data, the balance we said must be some form of "new deal" P&L plus realised p&l etc.
It shows that 2000 was the prop trading year, whereas 2001 was mainly new deals.
Of course the whole thing is poisoned by reserve movements.
Subject: A resume for Londom

This is a resume of one guy I met in Houston a few months ago.
He comes across as a very bright and  qualified individual.
He is interested  in a position in London.
Who is the best person in London to forward the resume  to?
Vince
Subject: Follow-up on SIAM Workshop

I am forwarding for your attention the resume of Peter Percell who has an extensive experience in modeling physical flows  of natural gas in pipeline systems.
Peter is looking currently for a job.
I met him last week at the meeting of the Science and Industry Advance with  Mathematics society at the University of Houston.
The application of recent developments in optimization theory and numerical methods can help Enron to improve further  efficiency of our pipeline system and reduce the consumption of compressor  fuel.
Please, let me know if you interested in introducing Peter to executives in your organization.
I shall be glad to make arrangements for an interview.
Vince Kaminski
Subject: Help with the Tiger Team

Christie,  I have two persons in my group helping me with the Wharton and Rice projects.
By the way, the project I gave to Rice students is exactly the same as the project for Wharton.
We shall see who is better.
Their names are Li Sun  and Kenneth Parkhill.
Can we invite them to the dinner on the 18th and to the meetings on Friday?
Vince
Subject: Phone conference

Martin,   Please, ask Steve to call your office.
I may be late on Friday.
I don't have to be present at this conference call.
Please, talk about your potential involvement and if takes a trip to London it's OK with me.
Vince
Subject: Anshuman - transfer from Dhabol

Molly,  Sandeep Kohli called last night.
We decided to transfer Anshuman for the 6-month trial period and then extend his assignment to a permanent employment if necessary.
For Sandeep Kohli it's a permanent transfer, effective immediately.
Some local opposition to poaching of good people.
Vince
Subject: Benchmarking Study

Sally,  I gave you some time ago a brochure on this benchmarking study request.
They renewed their request for Enron's participation.
What is your view on this?
Do you think the benefits of knowing what's going on offset the loss due information released and time spent on the  project.
My recommendation is to forget it.
Vince
Subject: L Xu

Norma,  Happy New Year.
Look forward to working with you in 2001.
Can you send the resume of L Xu to me in an electronic form?
Thanks
Subject: Warning system

Greg,  As a follow up.
We are talking to Jay Webb today about the data we can get  from the Enron OnLine system to develop an early warning system  for automated  crude trading.
By the way, it was a good catch.
You left us red faced.
Vince
Subject: Fwd curves

Margaret,  The forward power and gas price curves, unlike NYMEX futures prices, are not publicly available and are a closely guarded secret of the trading  desks.
We have no authority to release them without getting the head of the trading desk involved.
Vince
Subject: Petronas - a short courtesy meeting on Feb 8

Jeff and John,  I was contacted by Petronas who requested a meeting with Enron on risk  management.
I have met with them a few  years ago and they want to discuss with us  their progress implementing risk management practices.
I shall arrange the meeting and get RAC involved.
Would you like to meet them for a short courtesy meeting  (5 - 10  minutes)?
Unfortunately, they gave us no choice as far as the timing is concerned (given a very tight schedule).
They want to visit on Thursday, Feb.  8, at 10 a.m.
I shall take them out to lunch after the meeting.
Vince
Subject: Friday Brown Bag Lunch on Option Pricing

Zimin,  I have talked to Alex about it.
I don't think that the additional seminars  will crowd out the brown bag lunches.
The seminars are really targeted to people who recently joined the group and have very limited, or zero, exposure to energy markets.
For most members of the group it should be the piece of cake.
Brown bag  lunches are not that time intensive, except for the speaker.
Plus, we ran out of days  available for lunch meetings.
Vince
Subject: Meeting with Petronas

Rick,  I was contacted by Petronas who requested a meeting with Enron on risk  management.
I have met with them a few  years ago and they want to discuss with us  their progress implementing risk management practices.
Can we arrange for them a standard presentation, like the one we have for  banks (you or David Port, Bill Bradford, research)?
Unfortunately, they gave us no choice as far as the timing is concerned (given a very tight schedule).
They want to visit on Thursday, Feb.  8, at 10 a.m.
I shall take them out to lunch after the meeting.
I shall also contact Jeff Shankman and John Nowlan to arrange a short courtesy meeting with them.
Vince
Subject: Meeting on Feb 8, 2001

Dear Sir,  I would like to apologize for the delay in responding to your fax.
I was on vacation for the last few days.
I shall be honored to meet your delegation on Thursday, February 8 at 10:00  a.m.
Please, let me know if you will be free for lunch after the meeting.
Vince Kaminski
Subject: Mike Roberts

John,  I have received your message regarding Mike Roberts.
I could not agree more.
Mike deserves to be compensated for his exceptional contribution.
Additional recommendation.
I think that all weather forecasting support should be consolidated under Mike (including the weather guys supporting  power trading).
In my view, it was a mistake to remove Mike from power support.
It would also mean a lot to him personally.
Vince
Subject: Investment

To all whom it may concern:   I keep receiving such unsolicited messages  (please, see below) that represent an obvious scam.
Is there any way to block out the messages from this source?
I assume other employees of Enron are also being hit.
Vince Kaminski
Subject: Today's project list

Please, use a new template stored in the   Plans2001   folder for today's project lists.
Over the last few weeks we had several parallel copies of the same file floating around.
I have updated he list of group members in the first sheet.
Please, make sure I have not  omitted anybody.
Vince   O:\Research\Common\FROM_WJK\PLANS\2001Plans
Subject: f/up

Sheila,  I am forwarding you a message I received a few days ago.
I want to ask you  for advice how to handle this case.
My first  reaction was to ignore it.
The longer I think about it, the more  convinced I become that some action  is required.
Let's try to reverse the situation and assume for the sake of argument that a  female employee was harassed by a male colleague.
An employee informs her boss a few months  later about the alleged incident and the boss chooses to ignore it.
In many similar  cases, courts  subsequently  found against the companies that decided to turn a blind eye to such  complaints.
The fact that we are dealing with the case of reverse harassment is  immaterial.
If I ignore this complaint I may expose the company to charges of double  standard in handling sexual harassment cases.
My recommendation would be to ask Maureen to attend sensitivity training and  sexual harassment prevention class.
Please, let me know what you think.
Sorry to burden you with this case.
Vince
Subject: Invitation for you from Rice University : The National Forum on  Corporate Finance

Mark,  I left you a message regarding The National Forum on Corporate Finance at  Rice.
They would be delighted if you could serve as a panel  member at this conference.
Here are the coordinates of the professor at Rice who is in charge.
I would appreciate if you could call him and let him know if you can attend.
Thanks.
Subject: Accomplishments, Vince Kaminski

Dave,  I am sending you my accomplishments for the last year.
I am including also one document (just browse through it quickly) to give you a flavor of some projects I have been working on.
I shall send you shortly an additional document I would like you to browse  through (the list of projects my group works on in a typical week) to give you more  information about the scope and depth of what we do.
It's an internal document and I want  to clean  it up  Merry Christmas and a Happy New Year to  you and  your family.
Vince
Subject: Recruiting for weather risk management group

Mike,  I am sending you a message regarding a potential candidate.
Please, take a look at him and see if he fits better our group or Mark Tawney's group.
Vince =20
Subject: EBS

Stinson,  The spreadsheet below shows the allocations I made for EBS.
The numbers in magenta show percentage allocations, Of course, Samir and Samer are gone, ad so is Roman.
The problem is that once I give the percentages to accounting they become  fixed for one year.
Subject: Tony Hamilton

Mike,  What do you think?
I see pro's and con's.
The argument against is that during PRCs people comment positively or negatively about a person and this is how the word is spread about an employee.
Tony  could benefit from being in a London PRC.
Vince
Subject: Sandeep Kohli

Dave,  I would like to recommend to you Sandeep Kohli who is likely to approach you  regarding a position in your area.
I have  been working with Sandeep for a number of years and I was always  impressed with his skills, intelligence and mature, thoughtful approach to solving business  problems.
He is currently located in India (our DPC unit) and is looking for a  permanent position with Enron in Houston for family reasons (his wife is from Houston and has a family here).
Of  course, there are some  other obvious factors affecting his decision.
Vince