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Enron Mail |
Fernley,
As we discussed earlier this year, I have serious concerns about Barry that I think are both well-founded and reasonably well documented. To be fair, I will say that since Q1 of last year, I have not seen any FURTHER "prosecutable" offenses and he has made some attempts at being more communicative. However, I am clearly unwilling to stake my career on his transformation, particulary with as influential person as John Sherriff in charge of the office. Probably more to the point, it continues to concern me that London has not developed an operations team that is not so Barry-dependent. Evidence to this effect are, the fact that he is your only candidate for the Global Products position, that someone from Houston has to be part of the "World Tour" in Europe (Brent Price), that your candidates for a senior interim operations head in Helsinki was David Port or Richard Sage, and that your suggestion for additional depth is Steve Young. Further for the record, I believe that I am not the only one with whom Barry has a credibility issue - Arthur Andersen, other Global Products personnell, and other risk people in London have expressed similar concerns to me - I just happen to be the most vocal. Ted Fernley Dyson 02/08/2000 04:07 PM To: Richard Causey/Corp/Enron@ENRON cc: Rick Buy/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT Subject: Trading Support Operations - London Rick, Not wishing to delay the comprehensive review of our trading support function, particularly as it relates to our Global Products business, we already have Barry Pearce taking a lead in this area. The issue of concern is whether this should be an interim measure or a more permanent solution. Well - nothing is permanent in Enron and I think Barry understands this as well as anybody. If we had a more suitable candidate, we would give him/her the job. I have seen Barry develop and mature over the last 12 months along with the team that we have built around him. I'm convinced that he can add significant value by drawing the Global Products support functions 'in to the fold'. However, he clearly has a credibility issue with Ted in particular and, whilst I do not share Ted's views, I do not hold Barry out as a saint and I can see recurring problems if such a key relationship is not well grounded. I suggest that we continue to search for a candidate - known and trusted within Houston, who can instill confidence there. Steve Young (head of RAC in London) may be an interesting option, although I'm sure he would not be easy to replace. In the meantime we need Barry to take things forward and I will be monitoring the situation very closely. Regards Fernley.
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