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| Subject: performance management process | |
| as our existing businesses grow and new businesses are created , ease of | |
| movement and development of our top talent becomes essential to our success . | |
| as you heard at the management conference all officers will be titled , | |
| reviewed , promoted , and compensated according to a more standard set of | |
| guidelines . the process recognizes the intrinsic value of each officer , | |
| rather than tying that individual to the value of their specific job or | |
| reporting relationship . | |
| officer titling has been standardized throughout enron . there are four | |
| levels of officers : members of the enron office of the chairman make up level | |
| 4 . level 3 includes all other members of the enron executive committee . | |
| level 2 is made up of managing directors , including company presidents and | |
| some senior vice presidents . level 1 are vice presidents and some senior | |
| vice presidents with grandfathered titles . | |
| this year a common evaluation process is being implemented for level 1 and | |
| level 2 officers . officers will be evaluated by a committee , through a | |
| process referred to as the performance review committee ( prc ) , utilizing a | |
| standard set of performance criteria and performance ratings . performance | |
| committee reviews will occur twice a year ) in july for feedback purposes and | |
| at year - end for feedback as well as bonus and total compensation | |
| considerations . the executive committee will handle the prc for all level 2 | |
| officers . review of level 1 officers will occur at the business - unit level | |
| first with the results & cross calibrated 8 by the executive committee and a | |
| group of approximately sixteen managing directors . | |
| the goals of the prc process is to insure a consistent standard for our | |
| overall pool of executive talent and to provide a tool to more effectively | |
| utilize talent throughout the organization . to further promote consistency | |
| the executive committee will consider all promotions in january of each | |
| year . exceptions , internally or externally , will be infrequent . | |
| the individual , s performance evaluation will be the starting point for all | |
| compensation decisions . compensation includes base pay , bonus and long - term | |
| awards . a long - term program that replaces individual or business unit plans | |
| has been approved and will be communicated to individuals before bonus | |
| payments are made . | |
| in addition to the level 1 and level 2 reviews , business unit , global and | |
| corporate cross - functional prc reviews for directors , senior directors and | |
| general managers have started . this year - end process will be utilized as a | |
| benchmark to determine how we further refine the evaluation process at this | |
| level in the future . | |
| if you should have any questions about the process , please direct them to | |
| your human resources business unit leads per the following : | |
| mary ann long ( gpg ) x 36810 david oxley ( ena / eel / global trading ) x 33557 | |
| ray bennett ( ees ) x 37039 robert jones ( global technology / global | |
| finance / global | |
| gwen petteway ( corp ) x 37351 asset operations / global engineering & | |
| construction ) x 35810 | |
| janie bonnard ( caribbean / middle east / scott gilchrist ( asia | |
| pacific / africa / china ) x 67081 | |
| lng ) x 68202 gerry chatham ( egep ) x 35141 | |
| miguel padron ( esa ) x 66552 marla barnard ( eci ) x 58158 | |
| ranen sengupta ( india ) x 67967 | |
| cc : enron executive committee members | |
| 28599 |