Update

Thanks for a great lunch. I am, on reflection, very excited about the things
we discussed.

The Australian/Pacifice role would be a fantastic opportunity. Kinda - Comm
Supp Controller/CFO/CAO (whatever...) - basically Sally's & Rick's (C) eyes
whilst they're asleep (Tokyo support would report into Sydney - same time
zones). It would also have risk, control, processes & procedures
responsibilities - working directly with Ted's group. I'll work with them and
face the 'challenge' so to speak.

Basically - running accounting, risk & controls - and keeping the global risk
function (headed by yourself) with a flag waving 24 hours a day - kinda
CFO/CAO/Controller for Enron goes Global/24 hours.

The idea - 'Enronise' the junior offices - put an experienced person in there
to 'set the standards' and the tone of operations - and train the local
employess in the ECT way. Working closeIy with IT, RAC, Risk, Operations
etc...

I love the idea. And I think the timing (vis Helsinki etc..) is perfect.

I think it dovetails well with the current environment of putting the right -
experienced - people in the right places in the world to ensure that the
standards remain high - especially with EBS starting to spread into the
'world'.

Fernley was very supportive on the idea. I guess we would need to speak to
Commercial people.

I also, on the London subject, spoke to Brent. I think London would benefit
from Brent - he's a good guy. It would also allow me a shot at the new role
in say a 2/3 month roll-out - starting in the Summer.

Let's keep talking. Let me know how (if?) you want to progress things. Hope
Orlando was fun.

B.