|
|
Enron Mail |
Make sure you read all the way through to Enron.
-----Original Message----- From: Tycholiz, Barry Sent: Thursday, November 01, 2001 11:47 AM To: Whitt, Mark Subject: FW: How Our Economy and Others Progress (Using Cows As An Example) for your review. BT -----Original Message----- From: Fildes, David [mailto:fildesd@phibro.com] Sent: Thursday, November 01, 2001 9:10 AM To: Cross, Darren; Tycholiz, Barry Subject: FW: How Our Economy and Others Progress (Using Cows As An Example) In spite of it all, this is humourous... I suggest you do not forward this internally however... DF -----Original Message----- From: Fisher, Billy Sent: 01 November 2001 15:02 To: Fildes, David Subject: FW: How Our Economy and Others Progress (Using Cows As An Example) Feudalism You have two cows. Your lord takes some of the milk. ---------- Fascism You have two cows. The government takes both, hires you to take care of them and sells you the milk. ---------- Pure Communism You have two cows. Your neighbours help take care of them and you all share the milk. ---------- Applied Communism You have two cows. You must take care of them, but the government takes all the milk. ---------- Totalitarianism You have two cows. The government takes them both and denies they ever existed. Milk is banned. ---------- Pure Democracy You have two cows. You and your neighbours decide who gets the milk. ---------- Representative Democracy You have two cows. Your neighbours pick someone to tell you who gets the milk. Mexican Democracy You have two cows. The government takes both and drafts you into the army. ---------- European Democracy You have two cows. The EU commission decides which regulations for feeding and milking apply. If there aren't any, they invent some. They pay you not to milk the cows. They take both cows, shoot one, milk the other and pour the milk down the drain. They then require you to fill out forms accounting for the missing cows. ---------- American Democracy The government promises to give you two cows, if you vote for it. After the election, the president is impeached for speculating in cow futures. The press dubs the affair "cowgate," but supports the president. The cows sue you for breach of contract. Your legal bills exceed your annual income. You settle out of court and declare bankruptcy. ---------- Capitalism You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income. ---------- Enron Venture Capitalism You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. *******************Internet Email Confidentiality Footer******************* The UK firms of Arthur Andersen, Andersen Corporate Finance and Andersen Private Client Services are authorised by the Institute of Chartered Accountants in England and Wales to carry on investment business. For each firm, a list of partners is available at 180 Strand, London, WC2R 1BL (principal place of business). Privileged/Confidential Information may be contained in this message. If you are not the addressee indicated in this message (or responsible for delivery of the message to such person), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply email. Please advise immediately if you or your employer does not consent to Internet email for messages of this kind. Opinions, conclusions and other information in this message that do not relate to the official business of my firm shall be understood as neither given nor endorsed by it.
|