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Enron Mail |
Thanks for the update. I want to make sure we present the numbers in a mor=
e=20 coherent fashion than just laying out the individual RCs. You and I have= =20 discussed this before; my recollection is that we were going to break out a= s=20 follows: Administrative services Aviation building services new building ongoing government affairs Americas Europe-Asia Other budgets retained at business unit level (explanation of shift in expenses from advocacy to transaction support/risk= =20 management PR/Communications Brand advertising internal comm other PR I may be forgetting some of the subgroups we talked about, but this is the= =20 general idea. =09Elizabeth Linnell =09Sent by: Elizabeth Linnell =0910/18/2000 11:00 AM =09=09=20 =09=09 To: Steven J Kean/NA/Enron@Enron =09=09 cc:=20 =09=09 Subject: meeting with Mark Lindsay I wanted to update you on my conversation this morning with Mark Lindsay=20 regarding next week=01,s budget meeting. The format will be similar to last year=01,s. We=01,ll be receiving from M= ark=01,s=20 group a consolidated spreadsheet of all of our budgets, grouping them by=20 functionality and illustrating 2000 plan, 2000 estimate, and 2001 plan, and= =20 the variances between. We will be covering the EPSC and Aviation budgets= =20 during the same meeting. Billie and I will get together on Friday to compa= re=20 what the two of us have so far, and then we have a meeting set up for Monda= y=20 morning with you, Bill, Billie and me to go over everything in advance of= =20 Tuesday=01,s meeting. Points that Mark made (no surprises here): - Jeff has mentioned that he wants to see reductions in all corporate cost= =20 centers since our international activities look like they=01,re going away.= (We=20 have made significant reductions year to year on our international gov=01,t= =20 affairs and PR budgets, and I think we can justify that the other cost=20 centers are primarily focused on domestic activities while the individual= =20 business units budget much of those activities themselves.) - Even though we=01,re allocating more overall to the business units this = year,=20 Jeff will be interested in the gross budget numbers, before any allocations= . - We need to be able to explain any significant budget changes year to yea= r - Mark particularly emphasized the increase in the PR budget, most of whi= ch=20 is retained at Corp anyway - We need to be able to explain anything that we=01,ve inherited from the= =20 business units that is now staying at Corp. This applies to the headcount= =20 that we=01,ve picked up from ENA and from Int=01,l (Dennis=01, group). =20 Lindsay mentioned that there=01,s a possibility that Causey may, in advance= of=20 our Tuesday meeting, meet by himself with Skilling to get a general idea of= =20 where Jeff stands on the corporate budgets as they=01,ve been submitted so = far,=20 and then come back to us with instructions on any changes that need to be= =20 made. If this is the case, we may have to make cuts before we get to prese= nt=20 our case. I'm working on our presentation based on that conversation and will forward= =20 it to you as it progresses.
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