It looks like an Oregonian investigative reporter is trying to put a story together suggesting that our management advised employees that they should be investing in Enron stock through their 401Ks (see attached note from our public affairs).
Jim (or Rob), should we be conferring with Enron defense counsel on this, and if so who? dn
Date: Mon, 26 Nov 2001 17:34:21 -0800
From: "Scott Simms" <Scott_Simms@pgn.com<
To: "Angela Torretta" <ANGELA_TORRETTA@pgn.com<, "Arleen BARNETT" <ARLEEN_BARNETT@pgn.com<, "Armenta Mason" <Armenta_Mason@pgn.com<, "Carol Dillin" <Carol_Dillin@pgn.com<, "DOUGLAS NICHOLS" <DOUGLAS_NICHOLS@pgn.com<, "FRED MILLER" <FRED_MILLER@pgn.com<, "Gail Baker" <GAIL_BAKER@pgn.com<, "Kregg Arntson" <KREGG_ARNTSON@pgn.com<, "Mark Fryburg" <MARK_FRYBURG@pgn.com<, "Pamela Lesh" <PAMELA_LESH@pgn.com<, "Patrick Stupek" <PATRICK_STUPEK@pgn.com<, "PEGGY FOWLER" <PEGGY_FOWLER@pgn.com<, "Scott Simms" <SCOTT_SIMMS@pgn.com<
Subject: Another 401(k) story - tomorrow
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Jeff Manning at The Oregonian called to say tomorrow's newspaper will have another report on the Enron 401(k) problems, and the connection to PGE through the details of three lawsuits. I said nothing new, but did clarify a quote that had appeared from PGE in the previous story Manning wrote.
I've copied Doug on this because the issue is getting more serious. Manning informed me that The Oregonian has now assigned him and Gail Hill to "charge ahead and do more on this story." They want to sit down with HR and review documentation that proves that we have provided financial planning counsel, that we have provided information about diversifying portfolios, etc. This is strongly leaning in the legal area, and we would like to have counsel before saying anything further. We can't expect much cover from Enron, either: Manning vented to me about how no one there will return his calls.
Carol, Gail, Kregg and I can be available to meet early tomorrow to discuss how to move ahead on this. Doug, let us know if sometime before noon might work for you. Thanks.
Corporate Communications Specialist
Portland General Electric
(503) 464-7342 phone