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Enron Mail |
great news on the dividend front. thanks mcs
From: Mike Dahlke@ENRON_DEVELOPMENT on 07/09/2000 16:20 CDT To: Mark Schroeder@ECT cc: Steven J Kean/NA/Enron@Enron, Stella Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: Korea status report Mark, I'll prepare the report you suggest over the weekend following the conclusion of my short visit to Seoul this week. One quick update, the draft consultant report to MOCIE on various City Gas Supply Cost issues has a tentitive conclusion on the dividend limitation. Under the suggested guideline, a company whose debt is less than 200% of its equity would be free to pay whatever dividens it Board of Directors chooses. This would free the key "cash baring" companies within the SK-Enron family to dividend at any level that the shareholders deem appropriate. Mike D. Mark Schroeder@ECT 09/07/2000 08:01 AM To: Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Steven J Kean/NA/Enron@Enron Subject: Korea status report Particularly since Steve got somewhat blindsided by Joe Sutton on the stranded cash issue in Korea, and you have been working on that, among others, I think it would be useful if you would list the 3-6 top priorities, with a candid prognosis of where we can/cannot get to on those issues in the next 6 and 12 months. For example, I think Steve needs to be aware that our JV partner has not shown any interest in providing their necessary support/assistance on the stranded cash issue, as I understtod you, as well as taking a low profile on liberalisation issues and possibly the ROE issue. thanks mcs
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