We will meet for thirty minutes before our 3:30 fundies meeting. 1. EOL market making - Lavo has asked us to increase basis liquidity. Janie has mentioned general theme of market, "why trade on EOL 5000/d and risk moving the market". We are becoming market framers. I think Frank Ermis is a pioneer. 2. Deal confirmations - Anne Bike misbooked a deal for me from March, cost $3.5 million. How do we deal with this issue of confirmations missing deals. 3. Vacation and work hours - Discuss vacation schedules for the rest of the year. We need to do a good job of coordinating when we are out. Mike
Q: What is a potential subject line for this email?
answer: Meeting today at 3:00
Hi Gerald, I hope that things have gone well with your first set of law clerks. I was writing to confirm that I will be starting work for you next Monday, July 2. I have been trying to contact the HR representative that I spoke with initially, but she hasn't returned my calls. I just wanted to make sure that everything was set for me to begin working. I also wanted to let you know that I heard from the HBA about the photograph you recommended me for. I wanted to thank you for remembering me. I think that will be a great opportunity for me.
Q: What is a potential subject line for this email?
answer: Law Clerk Position
Mark Taylor asked me to contact you about the referenced NDA. He said you were the lawyer for Dealbench. I'm a paralegal that works with Mark, and we got a call from a member of the Online Team, Dave Samuels, who said that "a lawyer" was working on an NDA for Dealbench, and he wanted to confirm that the agreement reflected Enron Net Works, not Dealbench, as the Enron counterparty. Is this something you are working on and familiar with? If so, can you provide me with a copy of what you are working on? We appreciate your help!
Q: What is a potential subject line for this email?
answer: NDA for Bridge Telerate
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.
Q: What is a potential subject line for this email?
answer:
Update on Retention & Severance Plan