I have found the events of the last two months to be among the most unsett= ling in my 15 years of owning stock in public companies. I have sold my 1= ,800 shares of Enron Corp. because I no longer have faith in the board to = be a good watchdog for the best interests of the shareholders. I just don= 't understand how senior managers can manipulate the financial results of = the company for the past five years and only recently be discovered. I ex= pect the board to act as more than a lap-dog for senior management. I am = encouraged you turned down the chance to accept a $60 million payday for t= his merger that salvages what little shareholder value remains in Enron. = I would expect the board to seek repayment of any and all bonuses paid to = senior managers based on these inaccurate financial results, including the= estimated $30 million paid to the CFO, who allegedly is the architect of = this scheme to defraud stockholders. Had I known the company was apparent= ly built on smoke and mirrors, I would have sold my stock long ago and not= be forced to watch my children's college fund be pocketed by executives = who have little regard for the stockholders they were hired to serve. I g= uess the only lesson I can take from this is that no company, no matter ho= w large or prestigious is safe from dishonest management. I do not includ= e you in this group, but I do believe you and the board bear some blame fo= r allowing this happen for the past five years. =20 Wayne Heilman Former Enron Stockholder
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Upset stockholder