Here is an email: Mr. Lay, Even though this will in all probability never even be read, I would still like you to know I am proud to have at least been part of Enron. I am a foreigner and came to work for you a year ago exactly. I can clearly remember how all I knew here said how lucky a <beep> I was to work for the most safe and good company in all of Texas and probably way beyond it. I am from the Netherlands and what I call 'imaging', was unknown to me. Still, here I am, now fully cooperating by being very proud to work for my company, Enron. These are trying times for all of us. It is hard to even smile back at people that make cheerful little jokes about the situation we are in. When something negative is being said, I'll be there jumping the barricades defending what I know Enron to be. Unfortunately, in the wee hours when there is nothing left to fight and all you can do is wonder about what the heck is going on, I become upset. Upset with myself for defending Enron while I have no idea what I am talking about. All we all know is what we read online, see on the news and read in the paper. Usually people outside know more than we right here at that, according to your emails, powerful pumping and beating heart committed to get us out of the predicament we are in. Now, I ask you, is there anyway you can give us a little more of that Enron feeling? We all know that we have to prepare for the worst, but nobody knows anything so to say. Even if we stay loyal and try and not update that resume and not look for jobs, we don't know what is the least that we can expect at the end of the day. Sure, it must be possible for us to go and find out online what the little rules are and guess what we can expect. Instead how about doing that 'imaging' again. Us being proud that even if we end up being let go, that we were informed and knew what was coming. Bestow on us that what you gave us the first day we came in: Our Values. With kind regards, Guido Govers Enron Networks 5-4704
What is a potential subject line for this email?
A: Our Values
Q: All, The RUNM application will be changed in the near future. We urge all the users to please test the application by typing the following: runmm - to run it in production runmt - to run it in egstest runmd - to run it in egsdevel Please note that runm will eventually be replaced by runmm. If you have any further questions or queries, please do not hesitate to contact me at x57252 or Francis Lim at x35906. Thank you so much for your cooperation and support. Regards,
Propose a subject line
A: RUNM changes
IN: Ted, We have the first running version of VaR model for the MG positions. Many thanks to Tanya and Anjam for taking lead in this effort. We had also great help from Cantekin and Kirstee. We want to validate some inputs before releasing the number. Specifically, I want to make sure that both London and Houston work with the same position numbers every day to avoid confusion. A few comments. 1. We plan to set up the models to run VaR concurrently in Houston (Cantekin) and London (Kirstee) with the same inputs. The reason to do it this way is that we may have to respond quickly to multiple inquiries in both locations. (Cantekin and Kirstee, please stay in touch and synchronize the inputs ). 2. It is critical that we run the model daily and receive the updated positions and prices on a regular basis. 3. We shall continue work in Houston to improve the model. Two critical areas: a. VaR model, by its nature, does not capture one big risk MG has in its portfolios. This is the liquidity risk resulting from different cash consequences of the hedges and the underlying positions. b. We should go through due diligence to validate the process generating the position numbers (i.e. look into the details of specific transactions). From what I know, MG has a fairly rudimentary risk management system and I am not quite sure how they generate option prices (and deltas). They get some option prices by calling brokers. 4. I think the current VaR is within 80-85% of the true number (assuming the inputs are right). But, as I have said, VaR does not capture all the risks that we have to worry about. Vince

Generate a subject line.

OUT: MG VaR
IN: This is an email
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.

What is the subject?

OUT: Blood Drive Update
QUESTION: Lawrence, I hope you and your family are fine. Is there someone from your friends and relatives, who is involved in this terrible strikes in New York and Washington? I hope not, if yes let me know who. You may remember Dan Plice, who made a joke on Hub's party as he told us, that Ronald Reagen is his uncle. He lives since 10 years in NewYork, doing business in IT. At the moment I have no living sign form him but hope he is ok. Unfortunatly this is a bad time to congratulate and feel happy with someone, who did a great step foreward in his career, but I want to use this email to do so. Believe me, all members of the Stammtisch are proud to have you, the new COO of ENRON, as a friend. Say hello to Kathrin, Mary and Nicolas. Servus Ferdl PS: You missed a big trinking time on the weekend of the 25th aniversary of the Stammtisch. More info's and pictures will follow later.
Propose a subject line for this email?
ANS: News
IN: At Sweeney (Mtr 1517), for December, 6,000/day was confirmed to the Phillips sale. Acutally, we should have nominated a purchase of 4,000 and a sale of 10,000. The original purchase deal had the incorrect year on the deal date. So, I have created deal 148851. Please reallocate mtr 1517 with these changes; sale of 10,000 on deal 93804, purchase of 4,000 on 148851. If you have any questions, let me know. D

Generate a subject line.

OUT:
Phillips Sweeney 12/99