IN: This is an email
Hi guys, here is a simple template based on discussions with Vince and Rakesh. It takes positions for a single commodity (physical and financial), collateral info, and calculates P&L and collateral needs over a one month horizon. This can be expanded to add pictorial info, and other expenses, and any other details as needed. This is just a first cut, please feel free to tear it apart as appropriate. Vasant

What is the subject?

OUT: Template for estimating Enron Capital needs
QUESTION: Hey Kevin, How is it going cousin? Found the napkin that you left your email address on at Kenneally's. Man, I really was loaded by the time I left that place. I went down to CC the next day and told my parents we had met. They said they had just been at your wedding not to long before Christmas. Small world! How's Houston treating you? Been back to Kenneally's since? Drop me a line when you get a chance. Gerald,
Propose a subject line for this email?
ANS: Hello!
Ken, Thanks for having the call yesterday. I am a believer in Enron and we are buying your debt. Here's short feedback on the call. I give the call a B-/C+ grade. If you want a good example of a company call listen to the tougher calls So Cal Ed had for investors. They talked with investors twice weekly for months. There is an honestness and openness about the calls that worked to keep investors informed. The angry exchange with the short seller was a blunder. No matter what the question, no matter how stupid or obnoxious, the Enron answer should always be empathetic and pointedly factual. Yes, you will have to open the kimono more than Enron ever has to restore confidence. ENE has become more a financial institution, and less an energy company with hard assets. You are in a confidence game pure and simple. Any attempt at keeping things close to the vest will backfire and exacerbate the current crisis. If you want to see disclosure in financials, look at Citi's... ENE is having an encounter session with the entire investment community. This is not a time to be aggressive and smart. It is a time to be open, honest and self-effacing. Third party confirmation will go a long way in restoring confidence which means 1) Moody's maintains their rating or limits the change to a one-notch downgrade (bond rating) with stable outlook restored (the Moody's analyst is pissed you surprised with the write-off), 2) the SEC gives ENE a fairly clean report (no self-dealing found) on their transactions with private equity partnerships, 3) no more large surprise write-offs, 4) outside auditors continue with unqualified audit reports, 5) operating earnings targets are met for this year and next, and 6)fuller disclosure is made in quarterly releases. Of course, if any fraud or malfeasance is found, you guys and ENE are history. I have my ass on the line because I believe in ENE. We have made investments. ENE is in the shitter because of ENE's past communication and behavior mistakes. Be humble, be smart, and change. Good Luck! Jeff P.S. You state there is a Chinese wall between LJM and ENE. Why in the world then would you have the same guy, Fastow, play key controlling roles in both organizations? If you want to pay him, pay him. Keep it simple. I am glad Skilling is gone. I wouldn't touch your company's debt while he was there. I hated him and his attitude?.and my past exposure to him was extremely limited. This transmission may contain information that is privileged, confidential and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you.
Q: What is a potential subject line for this email?
answer: Yesterday's Call: Feedback
FYI, To stay out of conflict with some big EL Paso outages on the San Juan Lat. in May, we need to look at dates after May 21. Just a heads up. Jerry Graves
Answer: Drag Reducer Application
QUESTION: I heard your decision on channel 13 this morning as I was dressing for work. I was not moved by your gesture to give your contractual monetary provisions back to the company who would be Dynegy when this is all said and done. If you are sincere about wanting to help Enron, then helping the people who have made Enron what it is today would be a more appropriate gesture. Clearly you know that Dynegy's employees will be given higher consideration for jobs than Enron employees will. The company will be dismantled and so will our lives. The road to Enron was not an easy one, and my decision to seek employment here was difficult in light of the way Enron is portrayed in the back offices of the energy industry. Enron is said to be a sweatshop, a backstabbing work environment and that the executive levels of management at Enron fuel, foster and support this type of mentality. I have worked in various commercial capacities, and I came to Enron with the hope that times had changed, and that the thriving energy industry had taken Enron to another stratosphere, and I was right! I love my job because the work environment is conducive to a mature and intelligent exchange of information and growth potential. Just when you believe you are among the most intelligent, there is always someone who comes along with more real world application, with common sense and integrity added. Hiring intelligent people is a great practice, but I've worked with the best and the brightest in many companies so Enron is no exception. Hiring the best and the brightest obviously was the downside to Enron's demise. It appears that there is a thin line between intelligence and arrogance and Enron appears to have stepped over that line. Due to what you called "mistakes in judgement'", my future here is uncertain, as is that of my my co-workers. Many are agonizing about their families futures as well. I have survived a corporate merger, bankruptcy and buyouts with a number of companies specifically, Texaco, Columbia Energy Group and Amoco. During all of this I continued to hold my head high and to provide the same level of service during these transitions, so that at the end of the day my self esteem and integrity would be intact. Yes, we can and will all find other jobs, just as the many other recently unemployed people in this hurting economy will. Everyone speaks to the loss of investor confidence, class action lawsuits and corporate losses, but who speaks out for the employees affected by the actions of a few. We were robbed of our hope, and the expectation of doing a good job and reaping the benefits. The investors and the employees here were kept in the dark, and the powers that be have just sold us down the river and for what? For a handful of people to get richer. Rationalizing and trying to bargain the behavior of those who are at fault for this catastrophe is just wrong. Taking it to a level where you somehow convince yourself that everything that has happened to date is okay, is just wrong. Companies merge, are bought out and collapse every day due to mismanagement, industry nose dives and economic slow downs. But please tell me how a company in just a few weeks, can go from a powerhouse to a beggar on the streets of downtown Houston? Truthfully, Not just merely a whiner, but a long suffering Gas Industry Specialist. Cynthia Boseman-Harris
Propose a subject line for this email?
ANS:
Does capitalism have a conscience?