Re:

Yes, I thought it went well also. We can find a way to get a long term
commitment from EOTT, thus changing their organization, without taking on the
price risk.

On the hiring, I think that is a good idea. If it is put in a way that due
to the extensive growth that we expect to have, you want to be in the hiring
loop, I don't see how people can object. It is not a trust situation but an
additional reference point. We are here to help.
mike

From: Jeffrey A Shankman 08/28/2000 02:41 PM

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject:

I think that meeting with Stan was good. I'll push Nowlan, Schroeder, etc.

On another note, I want to send out an email to the business unit heads about
hiring. Obviously crucial to our business growth is more talent, I'm just
worried we could be bringing in people on the trading side that do not
upgrade our group. After we feel more comfortable, and I feel good our
assessment of talent, I'd loosen the reigns substantially. This is driven by
the crude and products group primarily. Any thoughts?

Jeff