QUESTION: Sandeep, I received a e-mail from Toshiba requesting a meeting to discuss collaboration between Enron. Mr. Tatsumi states in the email that Vince told Toshiba that Enron would like to examine the Boltzmann model through the Tokyo office. How would you like us to proceed with Toshiba? We are happy to meet with them, however I would like to have a clear definition of the objectives from our perspective. Regards,
Propose a subject line for this email?
ANS: Meeting Request from Toshiba
Wow! Enron employees and other Houstonians are showing such generosity! The response to the blood drive has been outstanding. Employees from Continental Airlines and other surrounding corporations have come to our blood donation site to give. Blood Center personnel have informed us that because of the overwhelming response donations are now being taken on a first-come, first-served basis. The Blood Center is attempting to keep appointments on schedule. However, we ask for your patience and understanding if there is a delay. It is indeed gratifying to witness your continued generosity to the community and beyond.
Q: What is a potential subject line for this email?
answer: Blood Drive Update
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,
Answer: Confidential Question
Here is an email: Mr Lay - If you really think that this sale creates a "great opportunity" for shareholders then you are more out of touch with reality than I previously thought (unless you were referring to Dynegy shareholders). Under your "leadership" the shareholders have been devastated, employees have lost their retirements, college funds have been desiminated and reputations have been ruined, including your own. While I applaud your forgoing of the $60 million dollar payment I suspect having taken it would have only added to outrage and probably weakend your position in forthcoming lawsuits and don't feel that it was as self efacing as you have lead us to believe . Under your direction Enron has promoted bafoons, charletons and incompetents to the highest management ranks. You personally did everything imaginable to lose the confidence of the investment community, in my opinion. This has got to be the financial disaster of the decade, all under your direction. You said Jeff Skilling left for "personal reasons" and there were not hidden financial problems. You told us you were becoming more transparent in financial disclosures and then tried to slip a $1.2 Billion dollar equity reduction by us. The list goes on and on. Why should we believe you now. One more thing Mr. Lay. I suggest take the listing of "executive awards" off the internet site. I suspect new "awards" will be coming out soon. And please don't waste your time sending me self serving "feel good" memos anymore. I finally caught on to you.
What is a potential subject line for this email?
A: Enron Announces Plans to Merge with Dynegy
Q: Anne, I just got another phone call from Palo Alto. They still have not received three of their confirms from deals done around the 20th of July. They have ceased to do additional business with us until they receive these confirms. thanks,
Propose a subject line
A: Palo Alto Confirms
Here is an email: We know how interested all of you are in the Retention & Severance Plan, so we want to update you on its status. As many of you know, we have been working with members of the Creditors' Committee and their consultants since December to formulate a Retention & Severance Plan, and we formally presented the plan to the committee on Friday, February 22. We had hoped the committee would approve the plan quickly so that we could file it with the bankruptcy court and share the details of the plan with you before the end of the month. We know that many of you have career options outside of Enron and that the Retention & Severance Plan may impact your decision to stay or to leave. We sincerely regret to inform you that approval of the plan for debtor companies is delayed. We're learning that, in bankruptcy, most things don't move as quickly as we are accustomed. The committee outlined some concerns related to our proposed plan, but we are confident we will be able to reach agreement with the creditors on those concerns. The Creditors' Committee fully supports the implementation of a Retention & Severance Plan. Such plans align the company's objectives with the goals of the creditors and are fairly standard in bankruptcy. These plans are designed as a way to preserve and maximize value for the estate. The Creditors' Committee also understands that time is of the essence for getting a plan in place and has established a subcommittee to expedite their review and approval process. To that end, we are meeting regularly with the subcommittee. We intend to work hand-in-hand with them to reach agreement on an acceptable plan as quickly as possible. This is currently our top priority, bar none! When we filed for bankruptcy, we did not fully grasp how tedious the process of developing an acceptable plan would be. Unfortunately, that lack of understanding led management to set unrealistic expectations about how quickly a plan might be in place. We now know that it takes significant time, resources and effort to understand, identify and gather the massive volume of required details, to formulate that information into a reasonable program, and to prepare a rationale and compelling presentation. The process mirrors the most time-intensive business presentation or deal negotiation with which Enron has been involved. That serves only as an explanation - it is not intended as an excuse. We remain committed to working with the Creditors' Committee until we can reach agreement on a plan. We anticipate that negotiation process will take another week or so, and have targeted the week of March 11 to file a motion to adopt a plan with the bankruptcy court. We will continue to hold retention and severance as our number one priority until a plan is approved by the bankruptcy court. With respect to non-debtor companies, or those companies not in bankruptcy, new severance plans are being approved and will be rolled out to employees in those companies in the very near future. In the meantime, we have been working to finalize merit increases and promotions across the entire organization and plan to communicate those to employees next week. And of course, we will update you on retention and severance as soon as possible.
What is a potential subject line for this email?
A:
Update on Retention & Severance Plan