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Enron Mail |
fyi- don't forward to anyone. Rick
-----Original Message----- From: =09Delainey, David =20 Sent:=09Monday, October 22, 2001 12:34 PM To:=09Kevin Garland/Enron Communications@ENRON Cc:=09Rick Buy/HOU/ECT@ENRON Subject:=09ServiceCo Kevin, given the track record of mis-behaviour, I don't fault you with the = premise of guilt before understanding. But I would like to assure you that= despite the high valuations externally, which I probably agree are fantasy= , The Facility Services Group has a clear vision/market; it has a quality m= anagement team; it will be under my thumb and it is conservatively valued i= n the books. It is much more that a Blockbuster or other like structure. = If you would like to discuss in detail do not hesitate to give me a call an= d I will take you through it - both overall strategy and tactics. Even tho= ugh it has been a confluence of events which has caused our problems, the f= undamental root of most issues is an inactive management team which hasn't = managed the detail as well as we would like. New Power in my view would no= t have been as big a loser if we had kept it private and managed it closely= as a key part of the business. Instead we took it public and let it run a= mok. I think you can see parallels across the company. Initially well int= entioned and thought out strategies fall apart when not managed appropriate= ly. Regards Delainey
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