Q: Dear Mr. Lay: In this trying time of second-guesses and angry shareholders, I wanted to let you know that I have appreciated working for you and share a quick story of how you shaped my view of Enron and the corporate world in general. My second rotation as an associate was to write speeches for the Office of the Chairman. Generally, I was creating presentations for Jeff Skilling, but I did create a couple for you as well. The one I remember best was for the speech at Astro Hall for the Houston Energy Conference where we announced Enron Online. Not only did you let me lead the internal roundtable (I remember sitting at the table, trying to keep my composure as Greg Whalley, Dan Leff, Louise Kitchen and others asked specifics about the slides I created), but you also (generally) agreed with my answers and thanked me for a job well done. That night, I shared a bottle of champagne with my wife and truly believed I could do anything!! So, as far as I am concerned, you have done a tremendous job. Everything happening now is unfortunate. It happened on your watch and thus is partly your responsibility. But you have stepped up to the plate, most likely saved more jobs than lost, and been accountable in more ways than one. Being a leader in good times and in bad, and more importantly affecting the lives of your employees on a personal basis, are truly attributes that I hope to continue in my lifetime. I just wanted you to know that you have truly made a difference in one man's career. And I feel all the better for it. My prayers go to you and your family. Best regards,
Propose a subject line
A: You Did a Good Job

Q: All, At our offsite in Miami next week, each of you are on the agenda to present your business and goals. This will be very short, only 20 minutes (an agenda will soon follow but we will have a business meeting from 8am - 11:30am on Saturday). Please prepare a few of pages on power point and submit to Cathy Phillips so that she can have all the presentations ready for that Saturday morning. Attached below is a copy of the abbreviated goals that I submitted to Frevert, summarizing EGM's 2001 goals. Please do not hesitate to change the list and add to it, it is only a guide and was used as a quick reference of EGM for the Enron board. After this meeting, I will take each of your presentations and make a more comprehensive goals and objectives list for EGM as a business unit. Also please add some of your other specific goals that illustrate where you want to be by year end regarding your competitive position and/or market share. For example, to be the largest marketer of coal in the US, to be the largest options player in crude and products, or what ever is appropriate. Also attached, for your information, is a recent presentation from the coal group. We thought that this was an excellent format and review. In the upcoming weeks, we would like to see an update on each of your businesses as well. I will let you know more in the next few weeks about the timing and format. Thanks,
Propose a subject line
A: Offsite and 2001 goals

Q: Stacy, Checking on the status of revised Master and GISB sent to you in December. If you have any questions, or I can provide additional information, please let me know. Regards,
Propose a subject line
A: Agreements

Q: Please review and verify the attached spreadsheet. Make any corrections to employee info in RED on the spreadsheet As we will not hold a pre-ranking meeting, please provide a pre-rank of 1-5 (see attached rating descriptors) for each employee. COMMERCIAL: Commercial employees are identified by a C in the Peer Group column You should be prepared to represent these employees at the July 9 Commercial PRC meeting COMMERCIAL SUPPORT: Commercial Support employees are identified by a CS in the Peer Group column Non-exempt employees (Clerks/Administrative Assistants/Coordinators) will not participate in a PRC meeting. Your ranking on the spreadsheet 1-3 (see attached rating descriptors under Job Group Participation) will be the final ranking for these employees Note: If your employees used the PEP system to do a self-evaluation, it is important that you review the accomplishments section of the self-eval prior to attending a PRC meeting. This information will be available to display on the screen during the meeting. If you have any questions, call me at 5-3847. Please send the completed spreadsheet to me no later than MONDAY, JUNE 11.
Propose a subject line
A:
Important PRC info-Read and Respond by Monday, June 11