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Enron Mail |
Hi Chris -
Mike asked me to respond on his behalf to find out exactly which dates you are referring to in your message below. We were assuming January 3rd and 4th, but we did not want to assume incorrectly. If you are indeed referring to January 3rd and 4th, please note that Mike McConnell will be out of town January 2nd through the 4th, returning to the office on January 5th. Please let us know if you will be available on any other dates. Thank you. Cathy Phillips 713-853-6898 Chris Mahoney 12/26/2000 07:30 PM To: Jeffrey A Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Don Schroeder/HOU/ECT@ECT, Bill White/Enron Communications@Enron Communications, Greg Whalley/HOU/ECT@ECT cc: Subject: wed aftn/thursday I will be in the office on wed aftn and all day thursday. I would like to catch up with all of you. not sure of people's schedules but please advise me of your availability and hope most of you can make it for dinner on thur. I will list some important things to me that I would like to discuss and propose some thoughts on positive changes for 2001. teamwork/communication/teaching/guidance/leadership - these are the major areas we should be thinking about how we can improve. teamwork - I feel we look at each commodity (crude/light distillates/middle distillates/heavy distillates/lpg/ petrochemicals) as a separate business. try to identify team leaders to provide direction for that business, establish resources required to meet proposed budgets, and work on individual limits for the traders in those groups. communication - once we have established global teams this should improve significantly. 'the road to hell is paved with good intentions' and until traders bonuses are directly tied to the profitability of someone in another office I don't think we will communicate as effectively we need to. we have very few niche markets to exploit that provide us with guaranteed revenues or allow most of our physical traders the ability to trade well without a strong understanding of the push/pull forces at work from the other centers. for the last two years this has been cited a main area for improvement. to get to where we want to be I feel it has to be done through global books. teaching - given that the growth of the group has shifted away from hiring from the outside and toward internal recruiting we need to focus on how we develop and keep young talent. also, given the lack of depth in our trading group it is important that our best traders be given the additional responsibility for development of talent in their teams. guidance - I feel that if we move toward smaller business units it will be easier for individuals to understand what the strategy is and what their specific role in that strategy is. we lost a lot of people at this time last year and the common complaint amongst all of them was they couldn't see where this group was headed. leadership - with a group of 114 people at last count it is important to start thinking about ways to encourage more people to make a greater personal investment in making this group a success. not just meeting a budget but also in creating a business that will survive the exit of any individual. a business that will have a competitive advantage and that those involved in it will be highly motivated to keep growing. if there is consensus on the need to improve upon the above then we can analyse how we go about it. I believe that by going toward global books we could improve upon many of our weaknesses. chemistry is the major concern on a such move but best looked at in context of each group. there are many other important issues such as eol, marketing team, research group, recruitment, etc but I honestly think we have to focus first on how do we make most with the exisitng group and then figure out how to try to build upon it. look forward to seeing you on weds aftn or thursday and please email when/if you have free time to meet up. thanks, chris.
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