Enron Mail

From:john.zufferli@enron.com
To:chris.lambie@enron.com
Subject:RE:
Cc:
Bcc:
Date:Fri, 18 Jan 2002 12:57:08 -0800 (PST)

I am reading your mail, I have asked for the same thing regarding my base. Especially since I came up here with a base salary converted at 1.48 CDN/USD and with no raise since being here at 1.61 CDN/USD I have received a 9% pay cut relative to my peers in Houston. Not to mention that my base salary is $50-$100 USD/year lower than what other shops are offering. However, after three attempts, I have been unsuccessful in championing my own cause.

-----Original Message-----
From: Lambie, Chris
Sent: Friday, January 18, 2002 1:51 PM
To: Zufferli, John
Subject:


Zuff

Just a quick note after my first look at the numbers. The only concern I have is with the base number. Seeing as there is no money up front, the future payments look a lot more like long term comp. than any real signing or retention bonus. When I came to Enron two years ago I took a $35,000 decrease in base pay in exchange for options and the opportunity to trade for number 1. That is no longer the case (no options and UBS is not #1) therefore I would look for my base to better reflect market on a go forward basis. If you are able to accommodate a reasonable adjustment in base I would be very excited about the opportunity to sign with UBS.

I would like to talk about this on Monday, after I have had a chance to look at the paper in full.

Chris.