Dear Ken, I would like to thank you for the great experience that I had with Enron, and for the opportunity that you gave me three years ago. I joined Enron looking for a change and I have never regretted of my choice. A lot of things changed over this time. In my first presentation to Gazprom in Moscow, I remember, that I pictured Enron as the largest gas pipeline operator in Americas aggressively looking for energy development projects in emerging markets. Two years later, I was talking to Microsoft executives in Redmond, who were looking for a partner to conquer a high-tec broadband world. I don't know any other company, which can offer such an opportunity for a change and growth, and which is able to change itself so much as Enron. I am grateful that over this time you have been personally involved in my business career and introduced me to the Enron management team - Mark Frevert, Richard DiMichele, Vince Kaminsky and others. I also would like to use this opportunity to admit some of my mistakes. As it was my first experience inside a corporate environment (not as CEO), it took me some time to develop relationships with people inside Enron. These relationships are critical to achieving success within the company. But Enron is a great place to learn, and in a culture that encourages innovation and risk-taking, some mistakes are inevitable. I am pleased that the deal that my team and I developed and managed to provide Microsoft (MSN) with broadband network was successful (you may remember we discussed this idea prior to my move to Enron Broadband Services). This spring I took an advantage of your recommendation and graduated from the Harvard Advanced Management Program. It was a great experience and I learned professionally and personally. It was a very competitive group of executives from all over the world, and the program consisted of a three-month intensive academic curriculum. Together with one of my Harvard classmates and his Canadian telecom company, we are now working to start a new business in the US. You have a challenging task to return Enron to its leadership position. I admire the steps that you are making. Without restoring integrity to internal and external relationships, it would be impossible to achieve this goal. I have no doubts that you and your colleagues will make this happen. I wish you all the best and thank you again for the opportunity that you
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Letter from Boris Brevnov