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Enron Mail |
BUSINESS HIGHLIGHTS
EGM Fundamentals Lowell Bezanis joins us from EIG (Energy Intelligence Group). Lowell will b= e=20 a great resource for the group as he has had substantial experience coverin= g=20 Middle East issues, as well having great contacts with the trade press. The= =20 EGM fundamentals site has moved into production. Our new address is=20 http://egmfundy.corp.enron.com Comments and suggestion should be directed t= o=20 Heather Purcell at 54057. Heather is also managing our enterprise-wide=20 contract with PIRA for oil, electricity, natural gas and natural gas liquid= s. EIM Finance The primary focus for the EIM Finance Group is to assist transaction teams = in=20 the execution of complicated transactions in which Enron capital is being= =20 deployed. This may consist of executing the funding of specific transactio= ns=20 in either the bank or capital markets. Currently the team is focusing on th= e=20 creation of several off-balance sheet funding vehicles that can be drawn up= on=20 to fund multiple transactions, as well as the financing of the recently=20 announced Daishowa acquisition. In addition, the group is focusing on the= =20 creation of an inventory finance vehicle that can be utilized to fund=20 multiple steel (or other commodity) inventory financings. Bill Brown leads= =20 the group and notes, "This is a very exciting time at Enron. EIM is a grea= t=20 example of utilizing the Enron wholesale business model in commodities othe= r=20 than gas and power. The ability to finance complicated transactions by usi= ng=20 financial engineering skills developed around Enron creates a competitive= =20 advantage to transaction teams and will allow us to develop new products an= d=20 fund those products competitively without using large amounts of Enron=20 capital." =09 IN THE NEWS =01&Vision is dandy, but sustainable company excellence comes from a huge s= table=20 of able managers. If you don't believe me, then go read First, Break All th= e=20 Rules: What the World's Greatest Managers Do Differently (Simon & Schuster,= =20 1999), by Gallup execs Marcus Buckingham and Curt Coffman. Here's a=20 boiled-down version of what they found: Great managers are an organization'= s=20 glue. They create and hold together the scores of folks who power=20 high-performing companies.=018 =01)Tom Peters, Fast Company, a Subsidiary o= f U.S.=20 News & World Report (2/20/01). Revised Presentation Library Link: You can access the Analyst Slides at the URL below. Simply go to this URL,= =20 click on the ENTER button, and you have access to all the presentations mad= e=20 at this meeting.http://172.28.92.190/bowne/ WELCOME New Hires EGM - Leticia McAshan/Financial Operations ENA - Leann Walton/Research Transfers ENA =01) Joseph Wagner, Marcus Edmonds, Santiago Garcia, Stacy Dunegan, Sha= ne=20 Green, Roman Zadorozhny, Praveen Mellacheruvu, Seksan Kiatsupaibul, Charles= =20 Ward, Victor Munoz Paulette Roberts EGM =01) Steven Jacobellis, Margaret Cowan, Alisa Green EIM =01) Deborah Chance, Eugenio Perez NUGGETS & NOTES =01&Our Vision for 2001 is to go from =01&The World=01,s Leading Energy Com= pany=018 to =01(. =01&The World=01,s Leading Company=018 -- Jeff Skilling at the All-Employee= meeting. "Can someone tell me which bank is dying to lend to the steel industry?" --= =20 Bill Brown, Vice President/Finance EIM =01&There=01,s no such thing as a Comp emergency.=018 =01) Sheila Knudsen, = Vice=20 President/Human Resources ENA NEWS FROM THE GLOBAL FLASH Weather Deal Enron has traded a weather derivative deal with the Rock Garden restaurant = in=20 London's Covent Garden. Based on a 'cold day' index, the deal protects the= =20 Rock Garden from a summer that has too many days below a certain temperatur= e=20 between March and June. Once a number of days has been reached, the Rock=20 Garden will receive a payout for each further day below that reference=20 temperature. The payouts have been weighted to reflect the greater earning= =20 potential in some months compared to others. In a blind auction, Enron beat= =20 six other risk takers to price the deal. LEGAL STUFF The information contained in this newsletter is confidential and proprietar= y=20 to Enron Corp. and its subsidiaries. It is intended for internal use only= =20 and should not be disclosed.
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