file
stringlengths 14
33
| message
stringlengths 24
126k
| Sender
stringclasses 754
values | Receiver(s)
stringlengths 0
500
|
|---|---|---|---|
arnold-j/sent_items/136.
|
subject: RE: ENSIDE Newsletter
content: sure
-----Original Message-----
From: Rangel, Ina
Sent: Wednesday, May 23, 2001 12:52 PM
To: Arnold, John
Subject: FW: ENSIDE Newsletter
John,
Would you be willing to interview with Kathy for Enron's ENSDE magazine? She has been wanting you to interview with her since the end of last year. Let me know.
-Ina
-----Original Message-----
From: Grabstald, Kathie
Sent: Monday, May 21, 2001 4:58 PM
To: Rangel, Ina
Subject: ENSIDE Newsletter
Hi Ina!
Are you still working with John Arnold? If so, I wondered if his schedule had calmed down enough that he would agree to be interviewed for the next ENSIDE. I just need about 30 minutes.
Please ask him and let me know!
Thanks,
Kathie Grabstald
ENA Public Relations
x 3-9610
| ||
arnold-j/sent_items/137.
|
subject: FW: Interviews Wednesday May 30, 2001 2 - 6PM - Trading Track
content: -----Original Appointment-----
From: Dozier, Melissa
Sent: Wednesday, May 23, 2001 10:00 AM
To: Dozier, Melissa; Arnold, John
Subject: Interviews Wednesday May 30, 2001 2 - 6PM - Trading Track Interviews
When: Wednesday, May 30, 2001 2:00 PM-6:00 PM (GMT-06:00) Central Time (US & Canada).
Where: TBD
| ||
arnold-j/sent_items/138.
|
subject: FW: Astro Tickets
content: Can you get her tickets to one of the games
-----Original Message-----
From: Dawson, Sherry
Sent: Tuesday, May 22, 2001 9:38 AM
To: Arnold, John
Subject: RE: Astro Tickets
Thanks for all you help and I really appreciate it.
-----Original Message-----
From: Arnold, John
Sent: Monday, May 21, 2001 5:29 PM
To: Dawson, Sherry
Subject: RE: Astro Tickets
yea, we'll get them for you
-----Original Message-----
From: Dawson, Sherry
Sent: Monday, May 21, 2001 5:22 PM
To: Quigley, Dutch; Arnold, John
Subject: Astro Tickets
John or Dutch do you happen to have four extra tickets for the June 1-3 and or June 15-17 baseball game. I am having family in town and I would love to take them to the new diamond. I appreciate all your assistance.
Thank You,
Sherry
| ||
arnold-j/sent_items/139.
|
subject: FW: The True Story of a Private Equity "Stud"
content: -----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 23, 2001 11:58 PM
To: [email protected]
Subject: FW: The True Story of a Private Equity "Stud"
Importance: High
-----Original Message-----
From: Anand R. Radhakrishnan [mailto:[email protected]]
Sent: Thursday, May 17, 2001 7:24 PM
To: Eva Pao; David Hayes
Subject: FW: The True Story of a Private Equity "Stud"
Importance: High
So, this email is floating around the Jan cohort....it's pretty unbelievable
-----Original Message-----
From: Clay Thomson [mailto:[email protected]]
Sent: Thursday, May 17, 2001 7:05 PM
To: [email protected]
Subject: FW: The True Story of a Private Equity "Stud"
Importance: High
read story below. ??????????
-----Original Message-----
From: Kosty Gilis [mailto:[email protected]]
Sent: Thursday, May 17, 2001 6:48 PM
To: J.R. Davis; [email protected]; [email protected];
[email protected]; [email protected]
Subject: FW: The True Story of a Private Equity "Stud"
Importance: High
you need to read this in its entirety ... apparently it's 100% true ...
someone's going to be out of a job soon.
-----Original Message-----
From: Brijesh Jeevarathnam [mailto:[email protected]]
Sent: Thursday, May 17, 2001 5:28 PM
To: Hira Verma; Lee Monahan; Pete Cureton; Kosty Gilis; Mike Genstil;
Maxim Kolodkin; Edward Han; Joon Hyon; Carlos Hernandez; Daniel Hawkins;
Dobbin Bookman
Subject: FW: The True Story of a Private Equity "Stud"
Importance: High
This is hilarious....
Brijesh (B.J.) Jeevarathnam
MBA Class of 2002
Harvard Business School
Phone: (617) 493-8008
Sent: Thursday, May 17, 2001 5:13 PM
To: Jeff Quake; Judy Lu; Roger Land; Catharon Johnston; BJ Jeevarathnam;
Lester Ip; Andrew Eisner; Lou DiLorenzo; John D'Agostino; Christian van
Tienhoven; Jeff Albee; Jeff Wald; Scott Simon; Zack Kramer
Subject: FW: The Legend of Peter Chung
This is comedy. Sounds like Jake in two years.
-----Original Message-----
From: Justin Pollack [mailto:[email protected]]
Sent: Thursday, May 17, 2001 11:28 AM
Subject: The True Story of a Private Equity "Stud"
As you may know, the only person more arrogant than an investment banker is
someone in private equity. Investment bankers pride themselves on making
vast amounts of money, but a successful private equity professional takes
devilish pride and supports an even bigger ego for working fewer hours while
making even more money than his (rarely her) investment banking brethren.
Unfortunately, some members of the private equity community mistakenly
believe that their growing wealth is the result of their own talent and
charming personality rather than a simple profiting from the hoarding of
capital, as Karl Marx so astutely described.
Consider the plight of Peter Chung (see attached email), a recent hire at
the Carlyle Group. After completing his two-year stint as an Analyst at
Merrill Lynch, Chung was persuaded to seek out new opportunities in Korea
working as part of Carlyle's vast Asian investment team. Working at a
private equity firm allows Chung to check out Korean night clubs (which
would be legally classified as brothels in the United States) 3-4 times a
week, though Chung made it clear that he needs only two months to "learn a
little bit of the buyside business" so he can begin nightly visits. Already
a self-described "stud" on the New York City dating scene, Chung looked to
the emerging island of Korea where the standard of living for young foreign
men is bolstered by the low per capita income of native residents (roughly
$12,600 per person). By making in excess of ten times the average national
wage, Chung quickly found himself to be quite the ladies man as the locals
were attracted to his fat wallet and U.S. citizenship. Thus bolstered by an
initial rendezvous or two, Chung decided to cement his legacy by setting out
on the quixotic mission to sleep with all of the fine women of Korea.
As of May 15, 2001, Chung alludes to having had sexual relations with five
"hot chicks." According to Chung's own calculations, there are roughly one
billion "hot chicks" remaining in Korea. Clearly there is a break in
Chung's sexual predator model as he apparently believes that not only is the
global female population of 3 billion comprised of 1/3 hot Korean chicks,
but he will be able to sleep with that many before his finest member falls
off or he dies of exhaustion. Sadly, Chung cannot complete his mission
alone. The quality of prophylactics in Korea are not quite up to U.S.
standards (Chung would probably claim Korean condoms are too small) and he
needs your help to continue his quest for infamy. If you would like to
contribute to this valiant mission, please direct your gift of a
FDA-approved "domes" to the address below:
Peter Chung
The Carlyle Group
Suite 1009, CCMM Bldg.
12, Yoido-dong, Youngdeungpo-ku
Seoul 150-010, Korea
Chung asks that you consider using FedEx or another international overnight
courier since he may be on the verge of running out of protection.
Alternatively, if you would like to pursue a job working for The Carlyle
Group in Korea, write to the following address:
The Honorable James A. Baker
1001 Pennsylvania Avenue NW
Suite 220 South
Washington, DC 20004-2505
Please note that Mr. Baker, the lead spokesperson for The Carlyle Group, a
the former Secretary of State from the George Herbert Walker Bush
Administration. Since leaving the White House, Jim Baker has continued his
international mission to spread goodwill and STDs throughout the world by
supporting young Romeos such as Mr. Chung.
For a first-hand account of life in private equity, please read Peter
Chung's travelogue (attached). Please keep in mind that Chung's experience
is partially a function of his prior status as a "stud" and may not be
reflective of private equity experiences in general. Not all of us can hope
to be as smart, debonair and modest as Mr. Chung.
Regards,
Justin
----------------------------------------------------------------------------
----
From: "Peter Chung" <[email protected]>
To: "'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'"
<[email protected]>,"'[email protected]'" <[email protected]>
Subject: LIVING LIKE A KING
Date: Tue, 15 May 2001 20:26:21 -0400
So I've been in Korea for about a week and a half now and what can I say,
LIFE IS GOOD....
I've got a spanking brand new 2000 sq. foot 3 bedroom apt. with a 200 sq.
foot terrace running the entire length of my apartment with a view
overlooking Korea's main river and nightline......Why do I need 3 bedrooms?
Good question,.... the main bedroom is for my queen size bed,...where CHUNG
is going to fuck every hot chick in Korea over the next 2 years (5 down,
1,000,000,000 left to go).... the second bedroom is for my harem of
chickies, and the third bedroom is for all of you fuckers when you come out
to visit my ass in Korea. I go out to Korea's finest clubs, bars and
lounges pretty much every other night on the weekdays and everyday on the
weekends to (I think in about 2 months, after I learn a little bit of the
buyside business I'll probably go out every night on the weekdays). I know
I was a stud in NYC but I pretty much get about, on average, 5-8 phone
numbers a night and at least 3 hot chicks that say that they want to go
home with me every night I go out. I love the buyside,.... I have bankers
calling me everyday with opportunties and they pretty much cater to my
every whim - you know (golfing events, lavish dinners, a night out
clubbing). The guys I work with are also all chilll - I live in the same
apt building as my VP and he drives me around in his Porsche (1 of 3 in all
of Korea) to work and when we go out. What can I say,.... live is good,...
CHUNG is KING of his domain here in Seoul.....
So,.... all of you fuckers better keep in touch and start making plans to
come out and visit my ass ASAP, I'll show you guys an unbelievable
time....My contact info is below....
Oh, by the way,... someone's gotta start fedexing me boxes of domes,...I
brought out about 40 but I think I'll run out of them by Saturday.....
Laters,
CHUNG
Peter Chung
The Carlyle Group
Suite 1009, CCMM Bldg.
12, Yoido-dong, Youngdeungpo-ku
Seoul 150-010, Korea
Tel: (822) 2004-8412
Fax: (822) 2004-8440
email: [email protected]
Mobile: 8216-478-5175
| ||
arnold-j/sent_items/14.
|
subject: Re: Constellation
content: i think its a jv with the trading side mostly staffed by goldman folks
"Eva Pao" <[email protected]> on 05/13/2001 03:06:01 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: Constellation
so, its a goldman co, but it also controls Duquesne and BGE?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:58 PM
To: [email protected]
Subject: RE: Extra credit
yes
"Eva Pao" <[email protected]> on 05/13/2001 03:03:17 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
is constellation energy a goldman company?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:55 PM
To: [email protected]
Subject: RE: Extra credit
me thinks you missed a 9
"Eva Pao" <[email protected]> on 05/13/2001 02:58:28 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:37 PM
To: [email protected]
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
| ||
arnold-j/sent_items/140.
|
subject: FW: Follow up on the Chung Guy
content: -----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 23, 2001 11:58 PM
To: [email protected]
Subject: FW: Follow up on the Chung Guy
> -----Original Message-----
> From: Anand R. Radhakrishnan
> [mailto:[email protected]]
> Sent: Tuesday, May 22, 2001 7:07 PM
> To: [email protected]; Donald Edward Lacey; Eva Pao; Catherine
> Olson; Eileen Shy; David Hayes; Matt Crossland; Kim Scott; Heidi von
> Allmen
> Cc: Mike Stanton; [email protected]
> Subject: Follow up on the Chung Guy
>
> So, this story is now officially everywhere. New York Times, Washington
> Post, NY Post, Bloomberg, etc...
>
> Anand
>
> The Carlyle Group's Scarlet Letter
>
> By Lloyd Grove
> Washington Post Staff Writer
> Tuesday, May 22, 2001; Page C03
>
>
> The Carlyle Group, the Washington-based global investment firm, boasts an
> enviable roster of world-class financiers, including former defense
> secretary Frank Carlucci, former secretary of state James Baker, former
> budget director Richard Darman and former British prime minister John
> Major.
> But as of last Friday, it no longer enjoys the services of junior analyst
> Peter Chung, whose international fame is starting to rival that of his
> elders and betters.
>
> The Post's Carrie Johnson reports that the 24-year-old Chung -- a 1999
> economics graduate of Princeton University who had worked for Merrill
> Lynch
> in New York before joining Carlyle -- was ordered to resign from his job
> in
> the firm's Seoul office after he sent a shockingly vulgar e-mail detailing
> his sexual ambitions in South Korea. After it was sent last Tuesday,
> Chung's
> e-mail proliferated all over the Internet (headlining the online industry
> newsletter PrivateEquityCentral.net) and made the grayly eminent Carlyle
> Group blush deep crimson.
>
> "So I've been in Korea for about a week and a half now and what can I say,
> LIFE IS GOOD," Chung e-mailed a dozen friends. "I've got a spanking brand
> new 2000 sq. foot 3 bedroom apt. . . . Why do I need 3 bedrooms? Good
> question. . . . the main bedroom is for my queen size bed . . . where
> CHUNG
> is going to [bleep] every hot chick in Korea over the next 2 years (5
> down,
> 1,000,000,000 left to go). . . . the second bedroom is for my harem of
> chickies, and the third bedroom is for all of you [bleepers] when you come
> out to visit my [butt] in Korea. . . . CHUNG is KING of his domain here in
> Seoul."
>
> Last Thursday, when Chung's e-mail found its way back to headquarters, the
> ax fell quickly. Carlyle Managing Director David Rubenstein told The
> Post's
> Johnson: "I can confirm on the record that he's no longer an employee."
> Chung's former colleagues remained puzzled yesterday by his message. A
> Carlyle source told Johnson: "He'd only been here five days. Ask Merrill
> Lynch if he did anything like this."
>
> Merrill Lynch spokesman Joe Cohen told us: "We have no comment on any
> statements made or activities taken after Mr. Chung left Merrill Lynch."
> But
> Cohen confirmed that Chung was a summer intern in 1997 and 1998 and then a
> full-time employee in New York from July 1999 to April 2001. Our calls to
> Chung were not returned yesterday. His younger brother, Patrick, told us:
> "We have no comment at this time. . . . He's still in Seoul."
>
>
>
> May 22, 2001 (New York Times)
> An E-Mail Boast to Friends Puts Executive Out of Work
> By ANDREW ROSS SORKIN
>
> Hold on. Do not press send.
>
> A young click-happy financial executive is wishing that he had never
> touched
> his computer's left mouse button last Tuesday.
>
> Paul Chung, a recently hired associate at the Carlyle Group in its office
> in
> Seoul, South Korea, was forced to resign on Friday after boasting about
> his
> sexual exploits and lavish lifestyle in an e-mail message to 11 buddies at
> Merrill Lynch in New York, where he used to work.
>
> Unfortunately for Mr. Chung, a 24- year-old Princeton graduate who had
> moved
> to Seoul three days earlier to start his job, the message was forwarded or
> passed on to thousands of people on Wall Street and wound up being sent to
> his bosses at Carlyle, the private equity firm.
>
> Mr. Chung was given the option of resigning or being dismissed, a Carlyle
> executive said.
>
> The message, which was retitled "Amazing Cautionary Tale" by a banking
> analyst, meandered in and out of e-mail boxes around the world.
>
> "I know I was a stud in N.Y.C., but I pretty much get about, on average,
> 5-8
> phone numbers a night and at least 3 hot chicks that say that they want to
> go home with me every night I go out. I love the buy side," Mr. Chung
> wrote
> in the message using the company's network. He bragged about his "spanking
> brand new 2000 sq. foot, three bedroom apt. with a 200 sq. foot terrace."
> He
> bragged that he used one bedroom for his "harem" and another for other
> sexual exploits.
>
> Mr. Chung also boasted about his job. "I have bankers calling me every day
> with opportunities," he wrote, "and they pretty much cater to my every
> whim
> - you know (golfing events, lavish dinners, a night out clubbing)."
>
> Reached by telephone in Seoul, Mr. Chung said: "It's devastating. I really
> can't comment. Sorry."
>
> Mr. Chung is the latest in a string of employees to lose their jobs or be
> publicly embarrassed by a sexually explicit e-mail message that was
> forwarded to others. In a much publicized e-mail message last year that
> made
> its way to hundreds of thousands of in-boxes, an employee of a British
> Internet provider wrote to her boyfriend about a sex act. Employees of
> many
> different companies that passed the message along to friends were
> dismissed.
>
>
> David M. Rubenstein, a founder and managing director of the Carlyle Group,
> had no comment. The Carlyle Group is known for its investments in military
> companies and its prominent list of advisers, including Arthur Levitt, the
> former chairman of the Securities and Exchange Commission, and James A.
> Baker III, the former secretary of state.
>
> One analyst that passed along the message to his investment banking
> colleagues attached this prophetic message: "Rule No. 1 we learned in I.B.
> training: If you don't want it published in the NYT, don't write it."
>
>
> Date: Mon, 21 May 2001 14:47:08 -0400
>
> Carlyle Fires Associate After E-mail Sex Boast, Web Site Says
> 2001-05-21 13:36 (New York)
>
> Washington, May 21 (Bloomberg) -- The Carlyle Group Inc. told a recently
> hired associate in South Korea to resign after he boasted of sexual
> exploits
> in an e-mail that was sent to investment banks worldwide, according to
> PrivateEquityCentral.net, an industry Internet news service.
>
> Peter Chung, working in Carlyle's Seoul office, boasted that he needed a
> three-bedroom apartment because he needed one bedroom to house his ``harem
> of
> chickies'' and the other to house his visiting friends, according to the
> e-mail. Chung, who resigned Friday, wrote that he was going to sleep with
>
> ``every hot chick in Korea over the next 2 years (5 down, 1,000,000,000
> left
> to go).'' Chung sent the message May 15 to 11 friends via the Carlyle
> e-mail
> system, according to PrivateEquityCentral.net.
>
> Carlyle founding partners Bill Conway and David Rubenstein couldn't
> immediately be reached to comment on the Internet report. The
> private-equity
> firm, with more than $13 billion under management, has one of its largest
> investments in Korea, where it spent about $300 million to buy a stake in
> KorAm Bank, the country's eighth-largest commercial lender. Carlyle,
> whose
> owners include the California Public Employees' Retirement System, counts
> former President George Bush and former Prime Minister John Major of Great
>
> Britain among its advisers.
>
> Chung asked that condoms be sent by Federal Express because he was running
>
> out and that he goes out to Korea's finest clubs, every other week night
> and
> both weekend nights -- much of it paid for by the investment banks seeking
>
> advisory fees from Carlyle.
>
> ``I think in about 2 months, after I learn a little bit of the buyside
> business I'll probably go out every night on the weekdays,'' Chung's
> e-mail
> said.
>
> Carlyle Contacts
>
> Washington, D.C.-based Carlyle has zoomed to prominence partly through its
>
> contacts. At its annual meeting in September, speakers included General
> Electric Co. Chairman John Welch, AOL Times Warner Inc. Chairman Steve
> Case
> and Citigroup Inc. Chairman Sanford I. Weill. Among Carlyle advisers are
> Arthur Levitt, former chairman of the Securities and Exchange Commission,
> former Secretary of State James Baker and former Philippine President
> Fidel
> Ramos. The Chairman Frank Carlucci is a former U.S. defense secretary.
>
> Last year's investments included an airplane parts factory complex bought
> from Northrop Grumman Corp. for $1.2 billion and a plastic laminate maker,
>
> Panolam Industries Holding Inc., for $402 million.
>
> --Mark Pittman in the New York newsroom (212) 893-3767 or e-mail at
> [email protected]/jk/jdh/bw
>
> CARLYLE'S E-MAIL STUD BYTES THE DUST
>
> By ERICA COPULSKY - NY POST
> --------------------------------------------------------------------------
> --
> ----
>
> May 22, 2001 -- Subject: The Story (Gone Awry) of a Private Equity "Stud"
> Another Wall Streeter apparently fell victim to the perils of the Digital
> Age last week, when an associate from prominent Washington, D.C.,
> investment
> firm Carlyle Group reportedly was forced to resign after a risqu? e-mail
> he
> sent to friends became a chain letter among investment banks around the
> world.
>
> The incident began innocently enough when a Peter Chung, who represented
> himself to be a junior staffer in Carlyle's Seoul office, sent an e-mail
> to
> 11 friends boasting of the lavish lifestyle and sexual exploits he is
> enjoying in his new buy-side position.
>
> In a May 15 e-mail, obtained by The Post, "Living Like A King," "Chung"
> brags in lewd detail about how he gets "on average, 5-8 phone numbers a
> night" and how "at least 3 hot chicks that want to go home" with him every
> time he goes out.
>
> He goes on, saying he loves the buy-side because "bankers pretty much
> cater
> to my every whim - you know (golfing events, lavish dinners, a night out
> clubbing)."
>
> He concludes the e-mail by asking his friends to send him condoms by FedEx
> because he was running out of them.
>
> The executive was forced to resign from Carlyle Friday, less than two
> weeks
> after his hiring, according to 'Net news service PrivateEquityCentral.net.
>
>
> Carlyle partner David Rubenstein did not return repeated phone messages.
> "Chung" could not be reached. However, in a May 17 e-mail purportedly sent
> by him to a friend, he denied writing the e-mail that sparked the
> controversy.
>
> That e-mail quickly circulated to hundreds of eager readers, who in some
> cases added their own mocking commentaries. One reader called the e-mail
> "kind of a 'pimpin' aint easy' version of the Uberconsumer from several
> years back." Another marked it as "a lesson of why one should never put
> anything in print . . ."
>
> The most biting satire, entitled "The True Story of a Private Equity
> Stud,"
> urged recipients of the e-mail to contact former Secretary of State James
> Baker, a senior counselor at Carlyle.
>
>
> Carlyle Associate Resigns Following Raunchy E-Mail Incident
> By David Snow
> May 21, 2001
>
> A junior professional in The Carlyle Group's Seoul office was forced to
> resign Friday after a raunchy e-mail he sent to friends was forwarded to
> thousands of people around the world.
>
> The junior professional, an associate, sent the message on May 15 to 11
> friends via his Carlyle e-mail account. In the message, the associate
> expressed excitement about his new position with the Washington,
> D.C.-based
> private equity giant. But the associate mostly described, in bawdy detail,
>
> the lavish lifestyle and various sexual conquests he enjoyed as a young
> "buyside" professional.
>
> The e-mail made its way to thousands of financial professionals and others
>
> around the world and two days later made it to top partners at The Carlyle
>
> Group, according to a source familiar with the situation. Carlyle
> executives
> found the e-mail "totally inappropriate," the source said, and were
> particularly concerned about the mocking commentary that accompanied the
> message as it was sent from person to person. One lengthy commentary
> described private equity professionals as "arrogant" and "profiting from
> the
> hoarding of capital," and satirically urged recipients of the forwarded
> message to contact Carlyle senior counselor James Baker. "The e-mail
> highlighted the firm in a very negative way, and it was taken very
> seriously," the source said.
>
> The associate resigned last Friday after having been employed by Carlyle
> for
> less than two weeks. The Carlyle incident is similar to the "Brad and
> Claire" incident that originated in London late last year, in which an
> employee of law firm Norton Rose forwarded to friends an explicit e-mail
> from
> his lover. The message was forwarded to an estimated 10 million people and
>
> eventually made it to the front pages of the British tabloids. The Norton
> Rose employee was subsequently disciplined but not fired.
>
> In his e-mail, the Carlyle associate bragged about having investment
> bankers
> "cater to my every whim - you know (golfing events, lavish dinners, a
> night
> out clubbing)." He said his goal was to sleep with "every hot chick in
> Korea."
>
> Carlyle's Seoul office, responsible for leading Carlyle's $300 million
> investment in KorAm Bank of South Korea last year - its largest deal ever
> is
> headed by managing director Michael Kim.
> Copyright (c)2001, PrivateEquityCentral.net
> PrivateEquityCentral.net is a division of Links Securities LLC
>
>
> Anand Radhakrishnan
> Harvard Business School - Class of 2002
> 14 Trowbridge Street #1
> Cambridge, MA 02138-5307
> home: (617) 491-0525 mobile: (617) 899-0026
> [email protected]
>
- winmail.dat
| ||
arnold-j/sent_items/141.
|
subject: FW: DEAL #1246131 from 5-15-2001
content: -----Original Message-----
From: "Gencheva, Daniela" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Gencheva+2C+20Daniela+22+20+3CGencheDI+40er+2Eoge+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 23, 2001 10:09 AM
To: Arnold, John
Cc: Brooks, Margaret
Subject: DEAL #1246131 from 5-15-2001
Importance: Low
During a telephone conversation with Margaret Brooks, on May 15th, you
agreed to change the terms of deal #1246131 buying 10,000/day Gas Daily
HHub @$4.49 and replace it with a buy of 10,000/day NYMEX Swap @$4.495. We
still have not received a confirmation with the corrected terms.
Would you correct the price in your system or inform your contract
administrator of the correction.
If you have any questions please feel free to contact me or Margaret brooks
at 405-553-6471.
Daniela Gencheva
Energy Trading Analyst II
OGE Energy Resources
TEL: 405-553-6486
FAX: 405-553-6498
| ||
arnold-j/sent_items/142.
|
subject: RE:
content: me thinks you both are a little imbalanced
-----Original Message-----
From: Ward, Kim S.
Sent: Thursday, May 24, 2001 1:38 PM
To: Arnold, John
Subject:
mexico is now back on. I think Melissa has some sort of imbalance!
| ||
arnold-j/sent_items/143.
|
subject: RE: fuel switching
content: of course. info here goes nowhere. we've had trouble discerning where the switching takes place because the economics get very blurry: credits, ldc costs, transport, taxes, restrictions on # hours plants can burn resis are hard to account for and are different for everybody. also some noneconomic factors... convenience, inertia, multi-month fuel purchases, hedges, accounting procedures, resid in storage already... It's a big blur in my mind. I look at general levels and for anecdotal evidence. have seen zero anecdotal evidence so far. will also watch aga's for the indication, but so will everybody else.
-----Original Message-----
From: "Lafontaine, Steve" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Lafontaine+2C+20Steve+22+20+3Csteve+2Elafontaine+40bankofamerica+2Ecom+3E+40ENRON@ENRON.com]
Sent: Thursday, May 24, 2001 12:02 PM
To: [email protected]
Subject: FW: fuel switching
who loves ya kid-uncle steve...enjoy the weekend. appreciate if you dont
distribute this my man. just for you. okay?
> Steve,
>
> Aclient of ours from Ontario who is in Union gas said they saw for the
> first time this week a client switching back to nat gas. 1st time in a
> long time
[LaFontaine, Steve]
> witching
>
> i noticed that 1% residual fuel in various parts of the US part the big
> cities in the upper midwest such as chicago and detroit has come to near
> paritiy with natgas on a wholesale level. now there are things like ldc
> costs and sulfur credits that will make additional differences in these
> parities.
> to marketing: could we please check with a few of our industrial or
> utility customers to see if our customers are switching back to natgas?
> this would be a material difference in the supply and demand of both fuel
> and natgas and therefore perhaps our trading views(and my aga
> forecasts).apprecitate the feedback.thanks
| ||
arnold-j/sent_items/144.
|
subject: unsubscibe
content: -----Original Message-----
From: "[email protected]" <[email protected]>@ENRON [mailto:IMCEANOTES-+22webmaster+40nationalcar+2Ecom+22+20+3Cwebmaster+40nationalcar+2Ecom+3E+40ENRON@ENRON.com]
Sent: Thursday, May 24, 2001 2:04 PM
To: Arnold, John
Subject: Promotion Optin - Test
Thank you for choosing to receive promotional messages from National Car Rental. You have given us the email address [email protected] as the place you want your marketing messages sent. Is this correct? If you've subscribed in error, please reply to the email and put "Unsubscribe" in the subject line.
Again, we thank you for signing up and look forward to providing you with Great car rental deals!
Webmaster
| ||
arnold-j/sent_items/145.
|
subject: RE:
content: putting on your shirt to go to the bathroom in the dark???????????
-----Original Message-----
From: Ward, Kim S.
Sent: Thursday, May 24, 2001 3:27 PM
To: Arnold, John
Subject: RE:
why me?
-----Original Message-----
From: Arnold, John
Sent: Thursday, May 24, 2001 3:23 PM
To: Ward, Kim S.
Subject: RE:
me thinks you both are a little imbalanced
-----Original Message-----
From: Ward, Kim S.
Sent: Thursday, May 24, 2001 1:38 PM
To: Arnold, John
Subject:
mexico is now back on. I think Melissa has some sort of imbalance!
| ||
arnold-j/sent_items/146.
|
subject: RE: specs
content: what's tomorrow?
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Thursday, May 24, 2001 9:08 AM
To: [email protected]
Subject: specs
what's the deal for tomorrow?
| ||
arnold-j/sent_items/147.
|
subject: RE: DEAL #1246131 from 5-15-2001
content: I'll get it changed
-----Original Message-----
From: "Gencheva, Daniela" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Gencheva+2C+20Daniela+22+20+3CGencheDI+40er+2Eoge+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 23, 2001 10:09 AM
To: Arnold, John
Cc: Brooks, Margaret
Subject: DEAL #1246131 from 5-15-2001
Importance: Low
During a telephone conversation with Margaret Brooks, on May 15th, you
agreed to change the terms of deal #1246131 buying 10,000/day Gas Daily
HHub @$4.49 and replace it with a buy of 10,000/day NYMEX Swap @$4.495. We
still have not received a confirmation with the corrected terms.
Would you correct the price in your system or inform your contract
administrator of the correction.
If you have any questions please feel free to contact me or Margaret brooks
at 405-553-6471.
Daniela Gencheva
Energy Trading Analyst II
OGE Energy Resources
TEL: 405-553-6486
FAX: 405-553-6498
| ||
arnold-j/sent_items/148.
|
subject: RE: specs
content: -----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Thursday, May 24, 2001 9:08 AM
To: [email protected]
Subject: specs
what's the deal for tomorrow?
[Mark Hall]
--------- Inline attachment follows ---------
From: <[email protected]>
To: Arnold, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jarnold>
Date: Thursday, May 24, 2001 6:58:10 GMT
Subject:
Thank you JOHN ARNOLD. Your reservation number is 405890085.
Your level of service is Counter. Please proceed to the rental counter.
If you need to make adjustments to this reservation,
please use your reservation number as a reference.
Rental Information
Rental Location: BOSTON INTL ARPT
BOSTON LOGAN INTL ARPT
Rental Time: 25-MAY-2001 6:00 AM
Return Location: BOSTON INTL ARPT
BOSTON LOGAN INTL ARPT
Return Time: 28-MAY-2001 1:30 PM
Contract ID: 6600407
Company
Association: WEB PROMOTIONS LEISURE DISCOUNT
Length of Rental: 4 days
Rate Information
Item: Prices
(USD)
Car Class:
Standard 4-Wheel Drive Auto A/C
Rates:
TIME & DISTANCE 3 DAY @ 35.99 107.97
TIME & DISTANCE 0 HOUR @ 18.00 0.00
EXTRA - TIME & DISTANCE 1 DAY @ 51.98 51.98
EXTRA - TIME & DISTANCE 0 HOUR @ 25.99 0.00
UNLIMITED DISTANCE-TIME & DISTANCE 0 DISTANCE @ 0.00 0.00
Sub total 159.95
Surcharges:
CONCESSION RECOUP FEE 11.11 PCT 17.77
RENTAL TRANSACTION SCHRG 10 USD 10.00
SURCHARGE .30 USD 0.30
REGISTRATION/EXCISE FEE 5.0 PCT 8.00
Taxes:
STATE TAX (5.0%) 9.80
Total Estimate 205.82
(Country of Residence: US) (USD)
Approximate Estimated Conversion: 205.82
Rules and Conditions
* Unlimited Miles
* A Minimum of 2 Day(s) will be charged.
* Maximum rental length of 5 Day(s).
* Latest Pickup Day of the Week is , Sunday
* Renter must present a major credit card in renter's name.
* Renter must meet minimum age requirements, 25 years of age
or older. In some states, this may be lower. Renter must
also have a clean driving record.
* Debit and check cards not accepted at time of reservation or
rental but, at participating locations within the United
States, may be used for payment at time of return.
Your reservation has been accepted. The rental location will be advised.
Thank you for choosing National Car Rental.
| ||
arnold-j/sent_items/149.
|
subject: RE: Re: Speakers
content: yes. i'm leaving at 1:00 today/
-----Original Message-----
From: Hogan, Dalton
Sent: Friday, May 25, 2001 10:40 AM
To: Arnold, John
Cc: Rangel, Ina
Subject: Re: Speakers
John,
Can I come by after three this afternoon to install your speakers. If you have any questions please call me.
thanks,
Dalton Hogan
Trader Desktop Deployment
Enron Networks, LLC
Office: 713-853-0356
Pager: 877-242-4378
E-mail Address: [email protected]
Nextel # : 56572
E-mail Pager: <mailto:[email protected]>
| ||
arnold-j/sent_items/15.
|
subject: Re: am i right???
content: no
"Eva Pao" <[email protected]> on 05/13/2001 03:02:45 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: am i right???
wait, of course i am. i always am.
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:55 PM
To: [email protected]
Subject: RE: Extra credit
me thinks you missed a 9
"Eva Pao" <[email protected]> on 05/13/2001 02:58:28 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:37 PM
To: [email protected]
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
| ||
arnold-j/sent_items/150.
|
subject: RE:
content: from saturday-monday....did 194 trades, exactly half internal. how'd george do?
-----Original Message-----
From: Fraser, Jennifer
Sent: Sunday, May 27, 2001 9:47 AM
To: Arnold, John
Subject:
just how many ene people were busy selling gas this weekend vs outside counterparties?
| ||
arnold-j/sent_items/151.
|
subject: RE: ng thoughts and arnoldville
content: biggest question in my mind is we assume resid is a fixed target or if resid needs to keep market share and as natty drops so does resid to maintain its market.
-----Original Message-----
From: Fraser, Jennifer
Sent: Friday, May 25, 2001 1:14 PM
To: Arnold, John
Subject: ng thoughts and arnoldville
Well what do you think--- especially if resid is nknocked off next week?
| ||
arnold-j/sent_items/152.
|
subject:
content: relaxed? how was it?
| ||
arnold-j/sent_items/153.
|
subject: RE: pooks for president
content: maybe, i don't even remember anymore... the numbers are running together. best of all, reduced my risk 50% today.
-----Original Message-----
From: [email protected]@ENRON [mailto:[email protected]]
Sent: Tuesday, May 29, 2001 10:35 AM
To: [email protected]
Subject: pooks for president
pb, for the
kid?
---------------------------------------------
This message was sent using Endymion MailMan.
http://www.endymion.com/products/mailman/
| ||
arnold-j/sent_items/154.
|
subject: RE:
content: i think i had better weather in massachusetts than you had in mexico. very relaxing though. if i lived in the northeast and had 2.1 kids and 1.3 dogs i would definitely get a summer house around there
-----Original Message-----
From: Ward, Kim S.
Sent: Tuesday, May 29, 2001 11:53 AM
To: Arnold, John
Subject: RE:
was until this morning. it rained the whole time - no tan - just extra lbs from drinking beer. how was your trip?
-----Original Message-----
From: Arnold, John
Sent: Tuesday, May 29, 2001 10:44 AM
To: Ward, Kim S.
Subject:
relaxed? how was it?
| ||
arnold-j/sent_items/155.
|
subject: RE: how'd you reduce 50%?
content: bot,bot,bot
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Tuesday, May 29, 2001 4:20 PM
To: Arnold, John
Subject: how'd you reduce 50%?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, May 29, 2001 5:04 PM
To: [email protected]
Subject: RE: pooks for president
maybe, i don't even remember anymore... the numbers are running
together. best of all, reduced my risk 50% today.
-----Original Message-----
From: [email protected]@ENRON
[mailto:[email protected]]
Sent: Tuesday, May 29, 2001 10:35 AM
To: [email protected]
Subject: pooks for president
pb, for the
kid?
---------------------------------------------
This message was sent using Endymion MailMan.
http://www.endymion.com/products/mailman/
| ||
arnold-j/sent_items/156.
|
subject:
content: I called and you were off the desk...
Jan 2005-Dec 2009 settled a little high at 4.136. Referencing a bid of 4.12 on the strip, we are 46.5/48 on the $5 call
| ||
arnold-j/sent_items/157.
|
subject: RE: check this out
content: $10,000..... they're not shy
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Tuesday, May 29, 2001 4:43 PM
To: Arnold, John
Subject: check this out
http://www.exed.hbs.edu/programs/cs/index.html
-----Original Message-----
From: Arnold, John [mailto:[email protected]]
Sent: Tuesday, May 29, 2001 5:25 PM
To: [email protected]
Subject: RE: how'd you reduce 50%?
bot,bot,bot
> -----Original Message-----
> From: "Eva Pao" <[email protected]>@ENRON
> [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+
> [email protected]]
> Sent: Tuesday, May 29, 2001 4:20 PM
> To: Arnold, John
> Subject: how'd you reduce 50%?
>
>
>
>
>
> -----Original Message-----
> From: [email protected] [mailto:[email protected]]
> Sent: Tuesday, May 29, 2001 5:04 PM
> To: [email protected]
> Subject: RE: pooks for president
>
>
> maybe, i don't even remember anymore... the numbers are running
> together. best of all, reduced my risk 50% today.
>
> -----Original Message-----
> From: [email protected]@ENRON
>
> [mailto:[email protected]]
>
>
> Sent: Tuesday, May 29, 2001 10:35 AM
> To: [email protected]
> Subject: pooks for president
>
> pb, for the
> kid?
>
> ---------------------------------------------
> This message was sent using Endymion MailMan.
> http://www.endymion.com/products/mailman/
>
>
>
| ||
arnold-j/sent_items/158.
|
subject:
content: Misti:
I assume you are responsible for publishing the management reports. I cannot access these reports past May 11. Have they been published since then and if so, any idea why I can't get them?
| ||
arnold-j/sent_items/159.
|
subject: RE:
content: ok
-----Original Message-----
From: Cavazos, Amy
Sent: Thursday, May 31, 2001 6:00 PM
To: Arnold, John
Subject:
John.....Trade 4 was duplicated (same as #61) on ice. However, there were 2 transactions on ice yesterday and one was with Duke and AEP. Per Errol, #61 was changed to C3 at 3.83 with AEP. If this is incorrect, please let Errol or Laura know. Thanks! See you'll on the 11th!.
| ||
arnold-j/sent_items/16.
|
subject: RE: Extra credit
content: yes
"Eva Pao" <[email protected]> on 05/13/2001 03:03:17 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
is constellation energy a goldman company?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:55 PM
To: [email protected]
Subject: RE: Extra credit
me thinks you missed a 9
"Eva Pao" <[email protected]> on 05/13/2001 02:58:28 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:37 PM
To: [email protected]
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
| ||
arnold-j/sent_items/160.
|
subject: RE:
content: crazy day....this day took a week off my life.
plans tonight?
-----Original Message-----
From: Ward, Kim S.
Sent: Thursday, May 31, 2001 4:39 PM
To: Arnold, John
Subject:
Bad day?
| ||
arnold-j/sent_items/161.
|
subject: RE:
content: yea...for now at least. We'll run it until a hurricane emerges overnight and I get run over for 30 cents
-----Original Message-----
From: "Lengkeek Jr, Steve C" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Lengkeek+20Jr+2C+20Steve+20C+22+20+3CSteve+2EC+2ELengkeekJr+40conectiv+2Ecom+3E+40ENRON@ENRON.com]
Sent: Friday, June 01, 2001 12:33 PM
To: Arnold, John
Subject:
John, I have been out lately. Are you guys running the natural gas 24
hours a day?
Steve
| ||
arnold-j/sent_items/162.
|
subject:
content: Liz:
Are any of the diamonds available for Jun 15-17?
| ||
arnold-j/sent_items/163.
|
subject: FW: Enron Mentions - 06/04/01
content: -----Original Message-----
From: Schmidt, Ann
Sent: Monday, June 04, 2001 8:27 AM
Subject: Enron Mentions - 06/04/01
Bush Adviser Rove Owns Stock in Major U.S. Firms
The Wall Street Journal, 06/04/01
Saudi Arabia Sets Pacts With 9 Oil Firms
The Wall Street Journal, 06/04/01
Saudi Arabia in Pacts With Nine Global Oil Firms Energy: Deals to develop natural gas fields and other projects, worth at least $25 billion, are first major foreign funding in sector since 1975.
Los Angeles Times, 06/04/01
Enron is my spiritual teacher
The San Francisco Chronicle, 06/04/01
Gloom today, glut tomorrow
The San Francisco Chronicle, 06/04/01
INDIA: Rating firms may be judging India harshly-analysts.
Reuters English News Service, 06/04/01
INDIA: India rupee ends off lows, fwds close higher.
Reuters English News Service. 06/04/01
UK: Spectron trades UK's first post-NETA spark spread.
Reuters English News Service, 06/04/01
INDIA: Enron India lenders meet in Singapore on Tuesday.
Reuters English News Service, 06/04/01
INDIA: UPDATE 1-India's Prabhu says power reforms enter new phase.
Reuters English News Service, 06/04/01
Nigerian president slams US energy firm Enron for "poor performance"
BBC Monitoring, 06/04/01
India: India and Bush Administration: Beyond assumptions
Business Line (The Hindu), 06/04/01
Enron's Indian Creditors Seek to Salvage Dabhol Project
Bloomberg, 06/04/01
Enron Japan's Hirl on Power Deregulation: Commodity Comment
Bloomberg, 06/04/01
Bush Adviser Rove Owns Stock in Major U.S. Firms
By Jim VandeHei
Staff Reporter of The Wall Street Journal
06/04/2001
The Wall Street Journal
A4
(Copyright (c) 2001, Dow Jones & Company, Inc.)
WASHINGTON -- President Bush's chief political strategist owns hundreds of thousands of dollars worth of stock in companies potentially affected by the president's top legislative priorities, newly released federal records show.
Karl Rove, one of the president's most trusted advisers on almost every major legislative initiative, owns between $100,000 and $250,000 of stock in Enron Corp., Pfizer Inc., General Electric Co., Boeing Co. and Johnson & Johnson, among other holdings. (Federal law requires public officials to report their assets, income and debts in broad ranges only). All of these companies could be affected by one or more of the policies or legislative initiatives on which the president consults Mr. Rove: tax cuts, increased defense spending, an industry-oriented energy policy and health-care reform.
Mr. Rove said yesterday that he has been waiting for several months for approval from the Office of Government Ethics to sell all of his stock holdings and roll the proceeds into a diversified account without having to pay capital-gains taxes, as permitted by federal law. In the meantime, "I have had to avoid being involved in matters that specifically and materially affect my specific holdings," Mr. Rove said.
Mr. Rove said he filed his financial disclosure reports Dec. 30 and was later informed by the Office of Government Ethics that he should sell all of his stock holdings to avoid even the appearance of a conflict of interest.
But the government ethics office, which couldn't be reached for comment yesterday, has yet to officially grant Mr. Rove a certificate of divestiture, which would allow him to roll his proceeds into diversified accounts, according to White House spokeswoman Anne Womack. It appears that Mr. Rove has lost tens of thousands of dollars as a result of the delay because most of his stocks have lost value since the beginning of the year.
Mr. Rove insisted that he has been careful to avoid any discussions that directly affect companies he is invested in, as federal conflict-of-interest laws require. But that can't be easy for Mr. Rove, widely regarded as one of the most powerful and influential figures in the White House. Mr. Rove serves as the president's top political adviser and runs the administration's long-term strategy team. He is also the president's top liaison to outside groups, including corporations.
"He's involved in virtually every decision that is made here," says a White House aide. It is unclear how many times, if ever, Mr. Rove recused himself from discussion inside the White House.
President Bush, already under fire from Democrats for his administration's close ties to industry, is likely to draw more scrutiny as a result of the new disclosures of financial links between top White House officials and major U.S. corporations, especially energy firms.
The White House disclosed the personal finances of Mr. Rove and several other top administration officials at the behest of the media. It appears that as a result of an administrative backlog, Mr. Rove is the only member of the senior staff who hasn't been given the green light to sell his stock, according to a White House aide.
The reports show that Mr. Rove was one of several White House officials with a financial connection, past or present, with Enron and other energy companies. Larry Lindsey, the president's top economic adviser who helped draft the energy plan, received $50,000 from Enron in 2000 for consulting work he did for the company, the documents show.
Lewis Libby, chief of staff to Vice President Dick Cheney, who was chairman of the White House task force that wrote the energy plan, recently sold tens of thousands of dollars of stock in Enron and other energy companies, including Texaco Inc., Exxon Mobil Corp. and Chesapeake Energy Corp. It is unclear when the transaction went through.
Clay Johnson, director of presidential personnel, reported holding between $100,000 and $250,000 in El Paso Energy Partners LP. And National Security Adviser Condoleezza Rice had $250,000 to $500,000 worth of Chevron Corp. stock and was paid $60,000 last year for her work as a director at the company. Mr. Rove disclosed smaller holdings in BP PLC and Royal Dutch/Shell Group.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
International
Saudi Arabia Sets Pacts With 9 Oil Firms
06/04/2001
The Wall Street Journal
A17
(Copyright (c) 2001, Dow Jones & Company, Inc.)
JEDDAH, Saudi Arabia (AP) -- Saudi Arabia signed agreements with nine oil companies yesterday, a move that marks the first major foreign investment in its energy sector since the industry was nationalized in the 1970s.
The expected deal, valued at $25 billion at least, involves the development of three natural-gas fields in the kingdom, as well as a number of related power plants, transmission pipelines and water-desalinization projects.
Exxon Mobil Corp., the world's largest publicly traded oil company, is the lead manager on two of the projects, including the $15 billion Ghawar Core Venture 1 project. It also will lead the Red Sea Coast Core Venture 2 project. Royal Dutch/Shell Group was chosen to lead the Shaybah Core Venture 3 project.
The Western companies will help Saudi Arabia convert its utilities from oil burning to natural gas, which would free up more of the kingdom's crude oil for export.
The other companies selected were BP PLC, TotalFinaElf SA, Conoco Inc., Phillips Petroleum Co., Occidental Petroleum Corp., Enron Corp. and Marathon Oil Canada Inc.
Saudi Arabia's state-owned energy company, Saudi Aramco, will be an equity owner in the projects.
Saudi Arabia nationalized its oil fields in 1975 after tension caused by the Arab oil embargo against the West that began two years earlier, and it closed its energy exploration and production sectors to foreign investment.
Although locked out of the production of energy, Exxon Mobil has $5 billion in refining and petrochemical joint ventures in the country, and it said it is also the largest foreign purchaser of crude oil and other hydrocarbons from Saudi Aramco.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Business; Financial Desk
Saudi Arabia in Pacts With Nine Global Oil Firms Energy: Deals to develop natural gas fields and other projects, worth at least $25 billion, are first major foreign funding in sector since 1975.
From Associated Press
06/04/2001
Los Angeles Times
Home Edition
C-2
Copyright 2001 / The Times Mirror Company
JIDDAH, Saudi Arabia -- Saudi Arabia signed agreements with nine international oil companies Sunday, a move that marks the first major foreign investment in its energy sector since nationalizing the industry in 1975.
The deals, worth a total of $25 billion or more, involve the development of three natural gas fields in the kingdom and a number of related power plants, transmission pipelines and water desalinization projects.
The Western companies will help Saudi Arabia convert its utilities from oil-burning to natural gas, which would free up more of the kingdom's crude oil for export.
Exxon Mobil Corp., the world's largest publicly traded oil company, is the lead manager on two of the projects, including the $12-billion-to-$16-billion Ghawar Core Venture 1 project. It also will lead a second core project. Royal Dutch/Shell was chosen to lead a third project. The last two projects have a value of $7 billion to $10 billion each, Prince Saud al Faisal told reporters.
The other companies selected were BP of Britain, TotalFinaElf of France, Conoco Inc. of Houston, Phillips Petroleum Co. of Bartlesville, Okla., Occidental Petroleum Corp. of Los Angeles, Enron Corp. of Houston and Marathon Oil Co. of Houston.
Harry Longwell, director and senior vice president at Exxon Mobil, said the financial terms of the deal are still being discussed. But he said his company is ready to begin the work when the final contracts are signed.
"The Saudis' expectations are extremely aggressive," Longwell said. "It's a very tight schedule and in recognition of that, the ability to get this done is one of the key reasons we were chosen to lead two of these ventures. We already have a senior management team in place and are ready to go to work immediately."
Saudi Oil Minister Ali Ibrahim Naimi said the companies are expected to profit on returns from the exploration and development of gas fields with more than 15% of the investment cost.
Saudi Arabia's state-owned energy company, Saudi Aramco, will be an equity owner in the projects.
Saud said if the companies discover oil, they will be compensated and the fields will be repossessed by Saudi Arabia.
Saudi Arabia nationalized its oil fields in 1975 and closed its energy exploration and production sectors to foreign investment.
Although locked out of the production of energy, Irving, Texas-based Exxon Mobil has $5 billion in refining and petrochemical joint ventures in the country and is the largest foreign purchaser of crude oil and other hydrocarbons from Saudi Aramco.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
DAILY DATEBOOK
JON CARROLL
Enron is my spiritual teacher
Jon Carroll
06/04/2001
The San Francisco Chronicle
FINAL
E.10
(Copyright 2001)
THE BUDDHA SAYS that we take wisdom where we find it. Perhaps the Buddha does not say that, but it's not a bad idea anyway. The Buddha would have said it, maybe, had he not been saying the other things.
Our enemies can teach us lessons. Our adversaries can make us stronger. They can be consumed with greed and contempt, their very breath can be toxic, and yet their actions can open upward-flowing paths.
Take Enron, the energy company, or Chevron, another energy company, or El Paso Natural Gas, yet another energy company. These organizations are the minions of Satan. They pillage and they profit. They are in the ascendant. Their enemies fall before them like cordwood. Ordinary citizens cower and meekly hand over tribute.
And yet we thank them. We send our investigators after them and we pray that their executives land in jail, but we thank them. They have shown us the nature of our enslavement. They have defined the nature of our sloth.
We have believed the Big Lie. We have believed in the free lunch. We have trusted those who would pander to us. We have eaten energy in great dripping gobs. Did we know it was not infinitely renewable? Oh yes. Did we understand that energy companies could create "shortages" whenever they wanted merely by closing plants for "maintenance"? You bet we did. And did we confuse the energy companies with charitable organizations and/or alchemists able to repeal the laws of nature? We did not.
But it was more convenient to forget those things, and so we did. We have busy lives. We must do the things we must do. The infrastructure is everywhere crumbling, and we are patching it up ourselves. We are paying bureaucrats with taxes, but the bureaucrats are inadequate, so now the spirit of volunteerism is much praised.
Volunteers are people who do jobs that other people are being paid to do but don't.
AND SOMEHOW, EVEN in a society as relentlessly materialistic as this one, we forgot about our own checking accounts. Already seduced by the idea that credit card debt is good clean fun, we decided to waste a lot of money using energy we didn't need.
I'm not talking about using a washing machine instead of going down to the river and beating your clothes with small stones -- I'm talking about washing machines with quarter-full loads and settings far too powerful for the task at hand. Right? Lights burning in unoccupied rooms. Appliances plugged in but never used.
We pay for it. We send our wonderful money straight to the largest villains in American commerce because we are too stupid to do anything else. You wonder why they have contempt for us. You wonder why Dick Cheney believes he can fool all of the people all of the time. Because he has.
Look: Last week the secretary of commerce suggested means-testing Social Security -- that is, means-testing a pension plan. You gave us the money, we kept it for 40 years, now -- prove that you need it!
Why did he suggest that? Because he can! Why did PG&E demand additional compensation for its executives, who are moral dimbulbs and social criminals under any fair definition? Because they can get away with it! They will get away with it! You watch!
I AM NOT saying that we have no one to blame but ourselves. There are active villains, and there are people who allow villainy to occur. Everyone in a corrupt system is corrupt. The fools are the ones who don't end up with any extra money.
We are the fools. If we understand our foolishness, we begin to be wise. We send lovely bread-and-butter notes to Enron -- once we were blind, but now we see. And we await developments, or create them.
--------------------------------------------------------
It would be foolish to mention SUVs. When the brain is ready, the ear will hear.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
EDITORIAL
WASHINGTON INSIGHT
Gloom today, glut tomorrow
Carolyn Lochhead
06/04/2001
The San Francisco Chronicle
FINAL
A.19
(Copyright 2001)
WHAT GOES UP usually comes down. And few industries are more prone to boom and bust than energy.
Imagine the news stories a few years from now: "Crisis hangover -- energy stocks sink as prices plunge; But California consumers still stuck with high bills."
"The energy industry is suffering its worst downturn since the supply glut of the 1990s, as dozens of big new power plants come on line, and the just-completed Alaskan gas pipeline sends natural gas prices to their lowest levels in six years.
"The one bright spot for Texas generators is California, where consumers are locked into long-term contracts for wholesale electricity that the state signed at the peak of its blackouts in the summer of 2001.
"Sacramento lawmakers have appealed to President Daschle to help get the state off the hook, arguing that California will never claw its way out of its economic slump if businesses continue to flee to states where energy is cheap.
"But top Enron lobbyist Gray Davis, a former governor of California, warned Daschle that suppliers would have little choice but to go to court to enforce the contracts the state signed."
Washington and Sacramento are agog with the energy crisis and bursting at the seams with plans to fix it. But the one thing no one - - even environmentalists -- suggests is letting high energy prices discourage energy consumption or encourage new supplies.
"To economists, letting the price rise is the solution," said Paul Portney, president of Resources for the Future, a Washington think tank. "To elected representatives, having the price go up is the problem."
Political memories tend to be selective and short. But it was the energy glut of the 1990s that contributed to California's blackouts, $3 gasoline and $400-a-month heating bills. Likewise, high prices are now laying the seeds of their own destruction.
As a story in the New York Times noted, an energy investment boom "promises a cyclical increase in supplies that is expected to stabilize or reduce prices in coming months, many industry executives and private analysts say."
Through much of the 1990s, there was a glut of energy. Fuel of all kinds was really cheap.
How cheap? Adjusted for inflation, as cheap as in 1949, economists calculate.
Energy is the oxygen of the economy, and rock-bottom prices contributed to the long economic boom. But low prices also caused energy production to slump and consumption to soar.
People ditched their economy cars for SUVs. Houses got bigger, ceilings got higher and kitchens sprouted industrial stoves with enough BTUs to melt aluminum. Stores, offices and homes turned into summertime refrigerators.
Low prices discouraged energy development.
"Oil was so cheap for so long, that people were selling their refineries," Portney said. "You had virtually no exploration for new natural gas when prices were at $2 a BTU."
As demand soared and supply fell, prices rose. Profits have grown so robust that green fuels, such as biomass and wind, are becoming economically viable. The oil industry is booming. Refineries are expanding. The long-delayed construction of a natural gas pipeline from Alaska now looks likely. So many power plants are under construction that the market may be flooded with as much as 200,000 new megawatts by 2004.
Investments in energy efficiency -- from new-age superconducting transmission wires to better light bulbs -- are suddenly looking attractive for the first time in decades.
"High prices will dampen demand, high prices will encourage supply, and will encourage people to make better use of what they've got," said Robert Ebel, director of energy for the Center for Strategic and International Studies. "So we're starting on the down slope. We're not very far down. When prices start to decline, I can't say how far they will go. But they will decline, because that's just the law of supply and demand. Prices decline, demand starts to creep up again, there's less incentive to add to supply, and here we go again."
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: Rating firms may be judging India harshly-analysts.
By Vidya Ranganathan
06/04/2001
Reuters English News Service
(C) Reuters Limited 2001.
BOMBAY, June 4 (Reuters) - Analysts have reacted with surprise to last week's decision of ratings agency Fitch to cut India's sovereign ratings outlook to negative from stable, and say there are no grounds to downgrade the country.
Fitch, which rates India's foreign currency obligations at BB-plus, a notch above Moody's Investors Service and Standard & Poor's, cited concerns about fiscal policy, privatisation and deterioration in foreign investment climate.
However, economists speculated it could either be on account of Fitch adjusting its ratings in line with other global agencies, or a fallout of U.S. energy giant Enron Corp's threat to exit an Indian power venture over payments problems.
Moody's and S&P said on Friday they have not revised ratings or outlook but are disappointed with fiscal reform efforts.
Local currency and stock markets reacted nervously to the announcement, but economists said most concerns were exaggerated.
"When the direction of reforms is positive and government flows are improving, the outlook should not change," said Mohan Nagarajan, chief economist at local rating agency CARE Ltd.
Even if the provocation for the rating review was the Enron episode, analysts said the problems were specific to the power sector and will not affect the robust foreign investment the country has been receiving.
"Enron was a bad deal, made on unreasonable terms in the first place and does not reflect the ability of the government to pay its dues," said an economist with a U.S.-based fund.
Some of the confusion arises from the various ratings assigned to India.
Moody's has retained a positive outlook on its Ba2 rating since late 1999, while S&P has a stable outlook and a BB rating.
CONCERNS OVERSTATED
Analysts said none of the factors Fitch cited had deteriorated in the past year, since it first rated India.
Fitch said India's fiscal-monetary mix was unfavorable, real interest rates were high and there was the risk of a debt trap.
India marginally overshot its budgeted fiscal deficit in 2000/01 (April-March) to 5.2 percent of GDP, down from the previous year's 5.6 percent.
But laws to control government spending are awaiting parliament's approval, there are incentives for disciplined state governments and a determined effort at privatising state-run firms has begun.
Burgeoning fiscal deficits have persisted for a decade and public debt at 60 percent of GDP is high, but at six percent annual growth, India is one of the fastest expanding economies in Asia.
"In terms of external liquidity, India is much stronger than its BB+ rating while even its public debt to GDP ratio is lower than that of some Asian nations," said P.K. Basu, chief economist for South East Asia at Credit Suisse First Boston, Singapore.
Foreign investment has been pouring in - portfolio flows at $2.2 billion so far in 2001 are at record levels and compare with $1.56 billion for the whole of 2000 - and foreign exchange reserves are strong at $42.8 billion.
Interest rates and yields have also dropped, with the Reserve Bank of India (RBI) adopting an aggressive easing stance this year to prop the slowing economy, and inflation is benign.
"The hardest initial steps are being taken and there is still a lot of inertia, but soon there will be a willing audience and reforms can progress faster," CARE's Nagarajan said.
But critics said the changes were still very superficial and structural reforms that would spur long-term growth and demand were lacking.
"What the rating agencies have emphasised is fiscal consolidation, which means better revenue streams, efficient expenses, user charges for public utilities...we promised these three years back and haven't moved very far on those," said Saumitra Chaudhari, economist with local rating agency ICRA Ltd.
"We still do not have a securities bill, mature debt market and our banks have not cleaned up,".
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: India rupee ends off lows, fwds close higher.
06/04/2001
Reuters English News Service
(C) Reuters Limited 2001.
BOMBAY, June 4 (Reuters) - The rupee ended unchanged on Monday, recovering from the day's low after a large European bank sold dollars, dealers said.
It had slipped to a low of 47.04 per dollar in early deals on dollar purchases by a jewellery importer.
The rupee ended at steady at d47.01/02 per dollar.
Dealers said there was no impact of Friday's comments from international rating agencies which had raised concerns over continuity of foreign investment and dragged shares lower.
The currency recovered from lows around 47.085 on Friday, reacting to international rating agency Fitch's revision in the outlook for India's ratings on sovereign debt to negative from stable, citing worries about fiscal policy, privatisation and deterioration in the country's foreign investment climate.
Later, rating firms Moody's and Standard & Poor's (S&P) said they were disappointed over the government's reform effort.
Moody's also raised a concern about India's Maharashtra state utility's ongoing tussle with Houston-based Enron Corp and said: "the dispute indicates that India's government may not be willing to live up to its contractual obligations".
It added this would further deter foreign direct investment from coming into the country.
The comments weighed on bond prices, which extended losses on Monday, and in turn led to paying in dollar forwards.
"After a long gap, there was corporate paying interest in forwards today," a dealer with a state-run bank said.
The six-month forward ended at an annualised 5.10 percent compared with Friday's 4.95.
For a speed guide to Reuters treasury coverage, ((Bombay Treasury Desk, +91 22 265-9000 fax +91 22 264-1699, [email protected])).
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
UK: Spectron trades UK's first post-NETA spark spread.
06/04/2001
Reuters English News Service
(C) Reuters Limited 2001.
LONDON, June 4 (Reuters) - Energy brokerage Spectron said late on Friday it had traded the first brokered gas-electricity arbitrage, or "spark spread", deal in the UK since the launch in March this year of new electricity trading arrangements (NETA).
"Now that liquidity has returned to the electricity market post NETA, such transactions are expected to become more common...", said Spectron in a statement.
The deal was concluded between UK utility Powergen and U.S. energy group Enron .
Spectron said the trade, covering winter 2002, was for 60 megawatts of electricity at 21.42 pounds a megawatt hour and for 100,000 therms of gas at 24.85 pence a therm.
The winter period specified in the deal ran from October 1 to March 31.
For the electricity, one day was defined as 2300 hours to 2300 hours.
For the gas, one day was 0600 hours to 0600 hours.
The deal comes as the industry moves to create standard terms and conditions for spark spreads.
Powergen is due to meet in mid-June with other traders, including Aquila Energy , for talks aimed at agreeing standard terms.
"It is hoped that the market will soon establish standardised documentation leading to a standardised product that will help promote liquidity in one or more levels of efficiency," said Spectron.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: Enron India lenders meet in Singapore on Tuesday.
By Sriram Ramakrishnan
06/04/2001
Reuters English News Service
(C) Reuters Limited 2001.
BOMBAY, June 4 (Reuters) - Lenders to Enron Corp's troubled Dabhol Power Company begin a two-day meeting in Singapore on Tuesday to try and settle differences over continued support to a controversial $2.9 billion power project in India.
Representatives of some of the world's largest banks like Citibank , ABN AMRO , and Bank of America, will be at the meeting. Indian lenders like the Industrial Development Bank of India , State Bank of India and ICICI will also participate.
Market analysts speculate that the meeting will attempt to forge a joint stand on supporting the project which now produces 740 MW of power and is slated to increase it to 2,184 MW shortly in its second phase.
But it comes against a backdrop of rising tension between Dabhol and the Indian state utility, the Maharashtra State Electricity Board (MSEB), which is the sole buyer of Dabhol's electricity.
Indian lenders, who have lent the bulk of the funds to the plant, want to continue supporting the project.
But they are being opposed by offshore lenders who want to withdraw their loans. Loans of around $638 million of the offshore lenders are covered by guarantees provided by Indian institutions.
The Indian lenders, fearing for their profitability if the foreign banks pull the plug, plan to oppose any such move.
But they have been forced on the backfoot by MSEB's decision last week to stop buying power from Dabhol and terminate its 1995 contract with the company under which it agreed to lift the entire output.
The MSEB has complained that Dabhol produces costly power while Dabhol has blamed MSEB for defaulting on payments worth $48 million.
Last month, Dabhol issued a preliminary notice to terminate its contract to sell power. It has also filed for arbitration in London. This provoked MSEB to haul Dabhol before a local regulatory body, the Maharashtra State Electricity Regulatory Commission (MERC), which issued a temporary order staying the arbitration proceedings.
The dispute has already affected India's image among foreign investors.
Last week, global rating agency Moody's expressed concern over slippage in the Indian government's reform programme and cited the Enron's dispute as an example that the country may be losing credibility with foreign investors.
"The dispute indicates that India's government may not be willing to live up to its contractual obligations. As a consequence, this would further deter foreign direct investment from coming into the country," Moody's said.
India's federal Power Minister Suresh Prabhu tried to dispel those fears in an interview with Reuters on Sunday.
"India is always in favour of making sure that international contracts are respected," he said. "There is no need for concern." ($1 = 47 Indian rupees).
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
INDIA: UPDATE 1-India's Prabhu says power reforms enter new phase.
By Clarence Fernandez
06/04/2001
Reuters English News Service
(C) Reuters Limited 2001.
BOMBAY, June 4 (Reuters) - India's reforms of its sputtering power sector have entered a new phase, with plans afoot to free up private supply, overhaul debt-ridden state utilities and recraft tariffs, Power Minister Suresh Prabhu told Reuters.
With investors' fears fanned by a squabble between U.S. energy giant Enron Corp and a local utility, Prabhu said in an interview late on Sunday that India is standing behind international contracts.
"Sanctity of contracts has to be kept," Prabhu said.
The row began late last year when the utility in western Maharashtra state defaulted on payments of $48 million to Dabhol Power Company, 65 percent owned by Enron. The 2,184 MW power project is India's largest foreign investment, at $2.9 billion.
Prabhu has vowed to take Indian reforms in a new direction.
"Absolutely," he said in reply to a question whether India's reforms have entered a different phase. The Power Ministry will now also focus on power distribution, he added, besides its early preoccupation with generation needs.
"In India unfortunately for the last 10 years...reforms policy was skewed in favour of generation," he said. "We never really realised that distribution is the more important part of the process."
Prabhu added, "We have now decided we will make enough structural changes in distribution so that at the end of distribution enough investment is made."
CHARTERED ACCOUNTANT
A chartered accountant, Prabhu hails from the verdant regions of India's western coastal strand, and chaired a co-operative bank that was one of the country's largest, in terms of deposits, before his foray into politics.
An errant lock of hair straying across his forehead, Prabhu eschews the Indian politician's traditional uniform of starched white handspun cotton for the shirtsleeves and trousers preferred by the professionals who have entered government, and whom local media call "technocrats".
Prabhu said India has decided to allow private producers to sell power direct to consumers, lifting curbs that have hobbled the country's decade-old reform effort.
He said the question of power affordability had spurred him to ask India's states to permit third-party sales of power, which analysts have called a stumbling-block for foreign investment.
"They cannot force a generator to sell power only to the SEBs, and that's a major change we are trying to make," Prabhu said, referring to the states.
SEBs or state electricity boards are owned by the state governments, and supply power to most of India.
India estimates that 100,000 MW of fresh capacity will have to be installed over the next 12 years to meet its power needs. Most of the $200 billion in funds that will be required will have to come from foreign private investment.
But India's spotty reform record over the last decade has made investors wary. Bureaucratic procedures, legal delays and political wrangling have held up reform moves.
RATING REVISED TO NEGATIVE
Last week global rating agency Fitch revised India's sovereign rating outlook to negative from stable, citing fiscal concerns, the slow pace of privatisation and deterioration in the country's foreign investment climate. Competing agency Moody's sees signs of slippage in the reforms, and Standard & Poor's has expressed worries over India's budget deficit.
Prabhu said he wants to overhaul state power utilities by introducing standard accounting policies, cutting transmission and distribution losses to 15 percent, and tackling crushing debt, thus helping to lure foreign investment into the sector.
The poor financial health of the utilities, expected to run up combined losses of about $6 billion in the 2001/02 fiscal year, has proved a hurdle in efforts to draw private investment.
Prabhu said an expert panel examining ways to restructure SEB finances - looking at technical, commercial and tariff issues - is expected to report within a few weeks.
"For the first time we will be preparing commercial data which is internationally accepted. We will be preparing technical data which is internationally appreciable. And thirdly, we'll be creating an information base which will be created by experts and then made available to the states," he said.
The utilities' transmission and distribution losses run to up to 25 percent of the electricity they generate, compared to a figure of about eight percent internationally, he said.
Prabhu wants to trim this to about 15 percent within two or three years.
"In the case of India, I am willing to accept a figure of 14 percent to 15 percent, because to bring it below that will be technically feasible but commercially unviable," he added.
Other steps to tone up power generation include attempts to link the eastern region with the rest of India, efforts to boost plant load factors through modernisation of equipment, and to persuade people to use energy more efficiently.
Prabhu said he is building political will to support these moves through a programme to tell consumers why they can no longer get power cheap, or even free, as many did in the past. ($1=47 Indian rupees).
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Nigerian president slams US energy firm Enron for "poor performance"
06/04/2001
BBC Monitoring
Source: The Guardian web site, Lagos, in English 4 Jun 01/BBC Monitoring/(c) BBC
Text of article by Francis Obinor entitled: "Obasanjo chides Enron on Lagos power project"; published by Nigerian newspaper The Guardian web site on 4 June
For failing to live up to expectation of the Nigerian government and the people as regard its role in the Independent Power Project (IPP) initiated by the Lagos State government two years ago, Enron, the American firm got a hard knock from President Olusegun Obasanjo at the weekend [2-3 June].
In his conclusion, Obasanjo accused Enron, a major player in the electricity project, of poor performance and bad faith. Ostensibly angry at the delay in the project's full take-off and the 30 MW recently connected to the national grid from the scheme, the president on the American Cable News Network (CNN) declared: "Enron has played a dirty game on us. Dirty game in two ways."
Beside putting up an exorbitant price, the company according to the president, also failed to comply with the terms of the contract. Continuing, Obasanjo said: "The price at which they (Enron) have tried to sell power to us has been very exorbitant. Two, what they told us they would do, they have not done."
While refusing to disclose the firm's charges, Enron Vice-President of Marketing John Ambler said the primary objective of the company was to get the project on stream. "We have a project that is very close to coming on line," he said, stressing that the company's desire is to see the project work effectively in Nigeria, especially in Lagos. He added that Enron is committed to the IPP and assured Lagosians that they would soon begin to feel the impact.
The state government brought forward the June 2001 deadline it set for the commencement of the first phase of the project when it fired the first 30 MW of electricity to the national grid two weeks ago.
At the Government House on 23 May, Governor Bola Tinubu said his administration and the contracting firm felt that there was no harm in bringing the date forward and assured that another 30 MW would be added soon. He noted that, contrary to expectations that the project would cover the entire state at a go, it would be in phases and the focus for now would be industrial consumption. "The concentration for now is not as private homes, we would soon get there," Tinubu assured.
The controversial IPP programme, which the federal government had at one time been accused of frustrating, has suffered several setbacks, including Enron's initial plan to sell its shares to AES, another American company. Last April was originally fixed for the project's take-off but the failure of Trevi, a construction company in charge of transmitters, caused a shift in the date.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
India: India and Bush Administration: Beyond assumptions
06/04/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) - Asia Intelligence Wire
SOON after Mr George W. Bush Jr. won the US elections, Indian observers proclaimed quickly that a Republican administration bodes good for India. A Republican administration was expected to not pester India about human rights violations in Kashmir, not force it to sign the CTBT, and get tougher with China.
Mr George Bush's decision to "drop by" the External Affairs Minister, Mr Jaswant Singh's meeting with the American National Security Advisor, Ms Condoleezza Rice, seemed to somehow confirm this false sense of euphoria. This narrow thinking fails to understand the drivers of Republican ideology. The reality is the Republicans care about a range of issues that will force the BJP Government to make some difficult decisions.
Take the first issue of human rights violations in Kashmir. It is true there are many isolationists in the Republican Party who, probably, do not care about human rights violation in Kashmir so long as it does not affect them, and is not happening in their backyard. But there is another powerful force in Republican politics - the religious wing. This includes powerful members of the US Cabinet such as The Attorney-General, Mr John Ashcroft, who are Christian fundamentalists.
Mr Bush himself claims to be a 'born again Christian'.
The religious right is rarely interested in foreign policy; it mostly concerns itself with moral and social issues such as abortion and teenage pregnancy. But the few times it does intervene, it is when it feels a country is "persecuting Christians". And when it does intervene, no Republican administration dares cross it.
For instance, China is periodically identified as a country that persecutes Christians. Christian missionaries and ministers are routinely harassed and imprisoned because they are trying to spread their religion. Because of this issue, Republican members of the Christian right in Congress have all but declared a religious war on China, routinely opposing any attempt to improve relations - including trade relations - with that country.
India, as an emerging power, is more carefully watched, and frequently mentioned in the American press. Stories of Christian missionaries being burnt alive and nuns raped are attributed to "elements associated with the Hindu fundamentalist ruling party". In its latest human rights report, the US State Department noted these acts with concern.
The Pope's mention of these issues to the Prime Minister, Mr Atal Bihari Vajpayee, was also noted in the American press. India is, perhaps, half a step away from being branded as a country that "persecutes Christians".
A self-professed born-again Christian like Mr George Bush would quickly take up the Christian right's cause, trumping all other bilateral issues. Human rights may not matter to the isolationists, but Christian, and to a lesser extent Jewish, religious freedom matters tremendously to a Republican administration.
The second fallacy was that since the Republicans in Congress did not pass the Comprehensive Test Ban Treaty, they would not force other countries to pass the CTBT either. But why are the Republicans are opposed to the CTBT. The opponents of the CTBT feel that it fails to safeguard American security. They frankly care little about Indian security. They would love to be able to restrict India's ability to test and use its weapons. To them, nuclear weapons not in American hands translates into an unsafe world. Unless India manages to convince the Republicans otherwise, the Republican administration is likely to tighten the anti-proliferation screws on India.
The third fallacy relates to a tough, long-term strategic re-alignment the Bush Administration will demand of India. Mr Bush's foreign policy-makers are unreconstructed 'Cold Warriors'. In the post-Cold War era, they are desperately "searching for an enemy". They appear to have settled on China as "the next enemy". Their next step is to search for "allies"
who rarely challenge their views. Thinkers in Washington and New Delhi believe that India and the US are "natural allies". But such a decision has an enormous range of long-term consequences for India.
To discuss just a few: Most of the Indian military's equipment comes from Russia and the former Soviet Union. Allying with the US will be seen by the Russians as abandoning them, and this could have an enormous impact on the legacy military equipment. Recent noises from the Foreign Ministry suggest India is also eager about Mr George Bush's proposed missile defence programme. But this technology is far from proven, and during the decade over which it may be developed (if it gets past Congress), China will most certainly develop many nuclear weapons. These may, primarily, be a deterrent against the US, but it will force India into an arms buildup it can barely afford.
The Americans are reserving their missile defence system for their "closest allies". India today is neither fish nor fowl - not quite a threat, but not quite an ally either. It is unlikely that India will be able to convince the Americans to give it the defence system.
Even if the Americans agree to sell it to India, it could never afford the sticker price. So, before it rejoices at the notion of anti-China hawks in the White House, let India ponder over the unexamined consequences.
The final issue is one that may precipitate in the very near term.
Enron and Maharashtra find themselves in a dispute that neither wants to lose, and that appears to be rapidly getting shriller. Mr George Bush's background is as a Texas oilman - and he is widely accused in the US of being beholden to the interests of the energy industry.
In fact, they were among the biggest "contributors to his campaign".
The Enron Chairman, Mr Kenneth Lay, is a friend of Mr Bush's, and was seriously considered for a job in his Cabinet. He is so well connected that he was recently accused of influencing who is appointed by the White House to regulate the energy industry. In the near term, Mr Bush could quite possibly lean heavily on New Delhi to "make sure that Enron's interests are not neglected". If New Delhi does not respond to his satisfaction, his opinion of India, and consequently, his administration's dealings with the country, are likely to be coloured far more than we think.
Giridhar Srinivasan
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron's Indian Creditors Seek to Salvage Dabhol Project
2001-06-04 08:41 (New York)
Enron's Indian Creditors Seek to Salvage Dabhol Project
Mumbai, June 4 (Bloomberg) -- Indian banks that loaned money
to Dabhol Power Corp., the local unit of Enron Corp., will try and
persuade their international counterparts to keep alive the $3
billion project at a meeting of lenders in Singapore tomorrow.
The two-day meeting will be the first between the two groups
of bankers since they met in London on April 24-25 to discuss an
escalating dispute on power prices that has pitted Enron against
the Maharashtra State Electricity Board, Dabhol's only customer.
``We will discuss how we can go about resolving the
problem,'' R.S. Agarwal, executive director at Industrial
Development Bank of India, or IDBI, said. IDBI is the biggest
lender to the Dabhol project.
The outcome of the Singapore meeting, to be held in the
offices of ABN Amro Holding NV, one of the biggest international
lenders to the project, will be crucial to the banks, which have
loaned as much as $2 billion to Dabhol.
Indian banks fear the Maharashtra State Electricity Board's
decision to stop buying power from Dabhol may strengthen
international lenders' resolve to terminate the project and invoke
government guarantees to recover their loans.
``Foreign lenders want to close the (Dabhol) chapter,'' said
Pradyumna Kaul, an activist with Enron Virodhi Andolan, a non-
government organization opposed to the project. ``They are eager
to call in their loans, even if it means taking a 10 to 15 percent
cut, rather than spend more on supervision and legal expenses
while watching the saga linger.''
Local banks such as IDBI are most at risk as the Maharashtra
and federal governments have guaranteed only foreign banks' loans
of about $600 million to the venture.
IDBI alone has exposure totaling 21.58 billion rupees ($460
million) to the project, including 15.28 billion rupees in
guarantees.
Foreign lenders such as ABN Amro, Citibank N.A., a unit of
Citigroup Inc., Bank of America and Credit Suisse First Boston in
April approved Dabhol's decision to begin termination of its power
supply contract with the board. They are in favor of canceling the
project.
India's government risks having to pay 170 billion rupees in
fines, resulting from guarantees it has offered on payments and
loans, if Enron pulls out of the project.
The Fight
Maharashtra State Electricity Board Wednesday stopped buying
power from Dabhol as the dispute escalated. The board on May 24
told Dabhol Power Co. it was canceling its power purchase
contract, six days after Dabhol gave the board notice it was set
to pull out of the project because of the six-month dispute over
bills owed by the board.
``The MSEB's move has complicated the matter. We did not
expect MSEB to do this,'' Agarwal at IDBI said last week.
Dabhol, 65 percent owned by Enron, and the board are in
dispute over 3 billion rupees in unpaid bills for December and
January. Others bills through March have been paid.
The board has refused to pay the December and January bills,
saying they should be lowered to reflect a 4 billion rupee penalty
the board imposed on Dabhol for not supplying power at full
capacity on Jan. 28.
The dispute Thursday prompted debt-rating company Fitch to
change its outlook on India to ``negative'' from ``stable.'' Fitch
said the climate for foreign investors has deteriorated.
``The dispute indicates that India's government may not be
willing to live up to its contractual obligation,'' the Economic
Times quoted Kristin Lindow, India analyst at Moody's Investors
Service, as saying. ``As a consequence, this would further deter
foreign director investment from coming into the country.''
Moody's and Standard & Poor's have stable outlooks on the
country's sovereign rating. S&P has an investment grade rating of
``BBB'' on the country's sovereign debt. Moody's, like Fitch,
rates India's debt as junk at ``BB2.''
Enron Japan's Hirl on Power Deregulation: Commodity Comment
2001-06-04 06:29 (New York)
Sydney, June 4 (Bloomberg) -- Joseph Hirl, chief executive of
Enron Corp.'s Japanese unit, Enron Japan Corp., comments on the
outlook for deregulation of Japan's electricity industry. He spoke
at the Coaltrans Asia conference in Sydney.
On Japanese government policy:
``The government does have a strong commitment to
deregulation, but there are some significant policy concerns''
including a ``greater than 80 percent reliance on imports'' of
energy.
``The market has been open a bit over a year, however not
much has happened. No genuine competition exists under the current
system. The companies there recognize that it will happen. It's
inevitable.
``The level of competition in Japan now is similar to the
U.S. in 1994-95, or Europe in 1996-97. Prices are about 400
percent higher than the U.S.
``To put it in perspective, I won't give the name of this
large chemical company, but it consumes about 600 megawatts. If
you compare that business with a company that's just like it in
Houston, Texas, the difference would be about $250 million a year
in the cost of electricity.
``For such an export-led economy, that's a difficult
situation to be in, and it's contributing to the overall malaise
in the economy.''
On the likelihood of a California-style electricity crisis in
Japan:
``Despite exploitation of California by the utilities, METI
(Ministry of Economy, Trade and Industry) and others recognize it
was a problem of design, not competition'' in California.
| ||
arnold-j/sent_items/164.
|
subject: RE: UBS/O'Connor
content: no idea
-----Original Message-----
From: Abramo, Caroline
Sent: Tuesday, June 05, 2001 8:50 AM
To: John Arnold/HOU/ECT@ENRON
Subject: UBS/O'Connor
John- do you remember the details of a large nat gas deal we did with them (probably a few years ago)?
thanks,
ca
| ||
arnold-j/sent_items/165.
|
subject: RE: LNG Changes for last week
content: thanks, i'll be there today
-----Original Message-----
From: Fraser, Jennifer
Sent: Tuesday, June 05, 2001 9:30 AM
To: Arnold, John; Gaskill, Chris
Subject: LNG Changes for last week
<< File: SumSheet-Jen.xls >>
see spreadsheet --lots of late cargoes= fewer noms,
| ||
arnold-j/sent_items/166.
|
subject:
content: Hey babe:
Any chance there are copies of the Nightline and/or Frontline shows lying around??
| ||
arnold-j/sent_items/167.
|
subject: RE: miami
content: definitely did. you have to be a pretty boring person to not have fun in south beach
-----Original Message-----
From: Abramo, Caroline
Sent: Thursday, June 07, 2001 11:05 AM
To: John Arnold/HOU/ECT@ENRON
Subject: miami
before the whole week goes by.... i had a great time in miami and i hope you did too.
ca
| ||
arnold-j/sent_items/168.
|
subject: RE: Article for Global Finance Maga zine
content: Looks fine to me.
--John
-----Original Message-----
From: Thode, Eric
Sent: Thursday, June 07, 2001 10:24 AM
To: Lavorato, John; Presto, Kevin M.; Arnold, John
Cc: Hillis, Kimberly
Subject: Article for Global Finance Maga zine
John/Kevin/John --
Can you take a look at this and tell me if anything gives you heartburn. Its a sidebar for an article on energy trading in Global Finance. The reporter's deadline is Fri., June 8. Thanks.
Eric
- Enron.final.doc << File: Enron.final.doc >>
| ||
arnold-j/sent_items/169.
|
subject: RE: this mkt still sucks
content: Agree. Still not at supply/demand equilibrium. Unfortunately, market lack=
s a catalyst for sharp move down from here until bid week. i think continu=
e to see slow erosion. think we are slowly running out of places to put ga=
s. discretionary storage guys have their belly full. can see cash/futures=
just keep widening from here. q/v spread, even though it widens every day=
, still has a long way to go. think you get to V and there is nowhere to p=
ut the gas. could see v/x going to 30+. i buy every cantango spread i can=
. when market moves up the winter goes 1 for 1, when the market goes down =
you make money. strongest product in the gas market are nymex futures. ev=
erything else is a bloodbath. socal basis has gone from $10 to $4 in the p=
ast month. canadian storage balances are ridiculous. imports are going to=
blow away last year. new lng coming in late novy. rig count is like ope=
n interest, a straight line up. gas is behaving very price inelastic, just=
like it did on the move from $3 to $5 last year. see little hope. =20
h/j is the craziest spread on the board. it is not a fundamentally priced =
spread though. for several reasons, the industry uses that spread primaril=
y to link the front of the board to the back. think the front will keep dr=
ifting lower and the back will find some customer buy support as we get cal=
2 down to 3.75 ish. thus, h/j has to come in...i think. plus i have the =
fundamentals on my side.
-----Original Message-----
From: =09"Lafontaine, Steve" <[email protected]>@ENRON [ma=
ilto:IMCEANOTES-+22Lafontaine+2C+20Steve+22+20+3Csteve+2Elafontaine+40banko=
[email protected]]=20
Sent:=09Wednesday, June 06, 2001 5:33 PM
To:[email protected]
Subject:=09this mkt still sucks
not much change for me john-i dont see much hope from the bull side. a hot
summer at this pt only delays my bearishness further. its 3.1 tcf most
bullish end oct or 3.4 if we're not hot for the rest of summer. either way
says its all too high priced.
now what the hell is up w/bo buying those H/J?? to me this one is lookin=
g
a little like the aug/oct(remember how stupid that was at +5 cts. h/j maybe
not that redicuous but almost. at what pt will the mkt/world give up on the
winter strip and h/j gets back to a more reasonalbe 15 cts like jan/feb and
feb/mar?
mkt seems to be treating you well. still pluggin along here. so far so
good. but im pretty much unwavering in my bearish conviction-think its stil=
l
down and maybe below 3 bucks and much more-always the problem of how much
wip you have to take in the short term.
our cust stuff on the buy side has finally cooled off as all those guys
hedged over 5.00. industrial sectors still suffering from bad bad margins a=
s
the chemical biz sucks due to imports,ammonia and metals biz sucks.resid
prices will help a little but if we have 2 bcf/day more supply y on y then
there is no hope.
be cool-regards,
number 212-836-5030
| ||
arnold-j/sent_items/17.
|
subject: Re: 2
content: are you prepared to defend your answer?
"Eva Pao" <[email protected]> on 05/13/2001 03:01:04 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: 2
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:54 PM
To: [email protected]
Subject: RE: Extra credit
and your offer?
"Eva Pao" <[email protected]> on 05/13/2001 02:58:28 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:37 PM
To: [email protected]
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
| ||
arnold-j/sent_items/170.
|
subject: RE: LNG Changes for last week
content: come on up this afternoon around 3.
-----Original Message-----
From: Fraser, Jennifer
Sent: Tuesday, June 05, 2001 5:07 PM
To: Arnold, John
Subject: RE: LNG Changes for last week
i need yr help--- can i get some tutoring? I'd like to spend some time on yr desk. Also maybe we could meet after trading i'll come uptstairs--i have lots of questions.
-----Original Message-----
From: Arnold, John
Sent: Tuesday, June 05, 2001 2:42 PM
To: Fraser, Jennifer
Subject: RE: LNG Changes for last week
thanks, i'll be there today
-----Original Message-----
From: Fraser, Jennifer
Sent: Tuesday, June 05, 2001 9:30 AM
To: Arnold, John; Gaskill, Chris
Subject: LNG Changes for last week
<< File: SumSheet-Jen.xls >>
see spreadsheet --lots of late cargoes= fewer noms,
| ||
arnold-j/sent_items/171.
|
subject: RE: LNG Changes for last week
content: send
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, June 07, 2001 1:44 PM
To: Arnold, John
Subject: RE: LNG Changes for last week
can i come tomorrow---- i have a couple of meetings today
-----Original Message-----
From: Arnold, John
Sent: Thursday, June 07, 2001 1:14 PM
To: Fraser, Jennifer
Subject: RE: LNG Changes for last week
come on up this afternoon around 3.
-----Original Message-----
From: Fraser, Jennifer
Sent: Tuesday, June 05, 2001 5:07 PM
To: Arnold, John
Subject: RE: LNG Changes for last week
i need yr help--- can i get some tutoring? I'd like to spend some time on yr desk. Also maybe we could meet after trading i'll come uptstairs--i have lots of questions.
-----Original Message-----
From: Arnold, John
Sent: Tuesday, June 05, 2001 2:42 PM
To: Fraser, Jennifer
Subject: RE: LNG Changes for last week
thanks, i'll be there today
-----Original Message-----
From: Fraser, Jennifer
Sent: Tuesday, June 05, 2001 9:30 AM
To: Arnold, John; Gaskill, Chris
Subject: LNG Changes for last week
<< File: SumSheet-Jen.xls >>
see spreadsheet --lots of late cargoes= fewer noms,
| ||
arnold-j/sent_items/172.
|
subject: RE: LNG Changes for last week
content: tomorrow's fine
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, June 07, 2001 2:30 PM
To: Arnold, John
Subject: RE: LNG Changes for last week
what?
-----Original Message-----
From: Arnold, John
Sent: Thursday, June 07, 2001 2:29 PM
To: Fraser, Jennifer
Subject: RE: LNG Changes for last week
send
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, June 07, 2001 1:44 PM
To: Arnold, John
Subject: RE: LNG Changes for last week
can i come tomorrow---- i have a couple of meetings today
-----Original Message-----
From: Arnold, John
Sent: Thursday, June 07, 2001 1:14 PM
To: Fraser, Jennifer
Subject: RE: LNG Changes for last week
come on up this afternoon around 3.
-----Original Message-----
From: Fraser, Jennifer
Sent: Tuesday, June 05, 2001 5:07 PM
To: Arnold, John
Subject: RE: LNG Changes for last week
i need yr help--- can i get some tutoring? I'd like to spend some time on yr desk. Also maybe we could meet after trading i'll come uptstairs--i have lots of questions.
-----Original Message-----
From: Arnold, John
Sent: Tuesday, June 05, 2001 2:42 PM
To: Fraser, Jennifer
Subject: RE: LNG Changes for last week
thanks, i'll be there today
-----Original Message-----
From: Fraser, Jennifer
Sent: Tuesday, June 05, 2001 9:30 AM
To: Arnold, John; Gaskill, Chris
Subject: LNG Changes for last week
<< File: SumSheet-Jen.xls >>
see spreadsheet --lots of late cargoes= fewer noms,
| ||
arnold-j/sent_items/173.
|
subject: RE:
content: did you call?
-----Original Message-----
From: Ward, Kim S.
Sent: Friday, June 08, 2001 10:18 AM
To: Arnold, John
Subject:
was in your building last night
| ||
arnold-j/sent_items/174.
|
subject: RE:
content: are you going to tell me or do i have to guess
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 11, 2001 4:02 PM
To: Arnold, John
Subject:
I've decided what the charge should be for housing refugees during power outages and other tragic phenomena as a result of the Flood of a Lifetime.
| ||
arnold-j/sent_items/175.
|
subject: RE:
content: second, third, and fourth that
-----Original Message-----
From: Fraser, Jennifer
Sent: Monday, June 11, 2001 3:04 PM
To: Arnold, John
Subject:
this is craziness.
| ||
arnold-j/sent_items/176.
|
subject:
content: Please delete previous message. It was meant for David Oxley
| ||
arnold-j/sent_items/177.
|
subject:
content: Liz:
Wondering if you've had any luck in securing tix for this Saturday's game. Also, are the diamonds available for Jun 23?
Thanks,
John
| ||
arnold-j/sent_items/178.
|
subject: RE:
content: not after today
-----Original Message-----
From: Shankman, Jeffrey A.
Sent: Tuesday, June 12, 2001 10:23 AM
To: Arnold, John
Subject:
Is lavorato going to buy you a vacheron?
| ||
arnold-j/sent_items/179.
|
subject:
content: late night yesterday?
| ||
arnold-j/sent_items/18.
|
subject: RE: Extra credit
content: me thinks you missed a 9
"Eva Pao" <[email protected]> on 05/13/2001 02:58:28 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:37 PM
To: [email protected]
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
| ||
arnold-j/sent_items/180.
|
subject:
content: I told you we should have sold cal 5-14 yesterday
| ||
arnold-j/sent_items/181.
|
subject: RE: Bryce Schneider
content: yea, i interviewed him. i gave him a thumbs up. why do you ask?
-----Original Message-----
From: Allen, Margaret
Sent: Wednesday, June 13, 2001 4:09 PM
To: Arnold, John
Subject: Bryce Schneider
Hey - -did you meet this guy?!
| ||
arnold-j/sent_items/182.
|
subject: RE: Bryce Schneider
content: my plan worked
-----Original Message-----
From: Allen, Margaret
Sent: Wednesday, June 13, 2001 5:32 PM
To: Arnold, John
Subject: RE: Bryce Schneider
Actually, what really happened is that he told me you were a prick to him and he wasn't taking the job because of your arrogant attitude!
John Arnold/ENRON@enronXgate 06/13/2001 04:58 PM To: Margaret Allen/Corp/Enron@ENRON cc: Subject: RE: Bryce Schneider
yea, i interviewed him. i gave him a thumbs up. why do you ask?
-----Original Message-----
From: Allen, Margaret
Sent: Wednesday, June 13, 2001 4:09 PM
To: Arnold, John
Subject: Bryce Schneider
Hey - -did you meet this guy?!
| ||
arnold-j/sent_items/183.
|
subject:
content: Kim:
At the start of the year, I requested tix for this Friday's and Sunday's games. Just checking to see if they have my name on them.
| ||
arnold-j/sent_items/184.
|
subject: RE: Basketball game.
content: no, but i didnt even know you guys were going.
-----Original Message-----
From: "Wolkwitz, Rick" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Wolkwitz+2C+20Rick+22+20+3Crwolkwitz+40POWERMERCHANTS+2ECOM+3E+40ENRON@ENRON.com]
Sent: Thursday, June 14, 2001 7:56 AM
To: '[email protected]'
Subject: Basketball game.
Are you coming in for the game tomorrow?
| ||
arnold-j/sent_items/185.
|
subject:
content: marcus:
any thoughts about next weekend? i still want to go somewhere. this is killing me. how about south america or is it too far?
| ||
arnold-j/sent_items/186.
|
subject: RE: The Daily Quote
content: take me off your list=20
-----Original Message-----
From: [email protected]@ENRON [mailto:IMCEANOTES-DailyQuote+40sm=
[email protected]]=20
Sent:=09Thursday, June 14, 2001 11:28 AM
To:[email protected]
Subject:=09The Daily Quote
[IMAGE]=09Quote.com << File: http://finance.lycos.com/home/ >> =09 Log In <=
< File: http://finance.lycos.com/home/auth/login.asp >> | Sign Up << File:=
http://finance.lycos.com/home/subs/default.asp >> | Account Mgt. << File:=
http://finance.lycos.com/home/reg/myaccount.asp >> | Insight Center << Fi=
le: http://finance.lycos.com/home/iec/default.asp >> =09[IMAGE]=09 Get Quot=
e/LiveCharts: [IMAGE] [IMAGE] FindSymbol << File: http://finance.lycos.co=
m/home/misc/symbol_search.asp >> =09[IMAGE]=09
[IMAGE]=09=09=09=09[IMAGE]=09[IMAGE]=09
[IMAGE]=09=09=09=09[IMAGE]=09[IMAGE]=09
[IMAGE]=09=09=09=09[IMAGE]=09[IMAGE]=09
[IMAGE]=09 My Portfolio << File: http://finance.lycos.com/home/portfoli=
o >> | LiveCharts << File: http://finance.lycos.com/home/livecharts >> |=
Quote.comTV << File: http://finance.lycos.com/home/tv.asp >> | Stocks << =
File: http://finance.lycos.com/home/stocks >> | News << File: http://finan=
ce.lycos.com/home/news >> | Msg Boards << File: http://finance.lycos.com=
/home/ragingbull.asp >> | Markets << File: http://finance.lycos.com/home=
/markets >> | Funds << File: http://finance.lycos.com/home/funds >> | I=
PO << File: http://www.edgar-online.com/brand/quotecom/ipoexpress/ >> | =
Options << File: http://finance.lycos.com/home/options >> =09[IM=
AGE]=09
[IMAGE]=09[IMAGE] The Daily Quote=09[IMAGE] << File: 'http://ln.doubleclick=
.net/jump/quote.ln/f_newsletter;pos >> =09[IMAGE]=09
[IMAGE]=09=09Brought to you every morning as of 10 AM ET. Click on the MORE=
link for the most current information.=09[IMAGE]=09
=09=09=09=09[IMAGE]=09=09=09=09
=09=09 =09=09 [IMAGE] Markets Index Last Change % Chg Dow10,723.95[=
IMAGE]147.67-1.35% << File: http://finance.lycos.com/home/stocks/quotes.asp=
?symbols >> NASDAQ2,070.76[IMAGE]50.90-2.39% << File: http://finance.lycos.=
com/home/stocks/quotes.asp?symbols >> S?5001,227.07[IMAGE]14.53-1.17% << Fi=
le: http://finance.lycos.com/home/stocks/quotes.asp?symbols >> 30 Yr56.25[I=
MAGE]0.29-0.51% << File: http://finance.lycos.com/home/stocks/quotes.asp?sy=
mbols >> Russell497.68[IMAGE]7.44-1.47%- - - - - << File: http://finance.ly=
cos.com/home/stocks/quotes.asp?symbols >> MORE << File: http://finance.lyco=
s.com/home/markets >> [IMAGE][IMAGE] Enter multiple symbols separated by=
a space [IMAGE] [IMAGE]=09 =09 [IMAGE] Economic Calendar Date R=
elease 06/14 Business Inventories 06/14 Core PPI 06/14 PPI 06/15 CPI 06/15 =
Core CPI - - - - - MORE << File: http://finance.lycos.com/home/markets/brie=
f_calendar.asp >> [IMAGE] [IMAGE] [IMAGE] [IMAGE]Qcharts << File: http:/=
/finance.lycos.com/home/qcharts/default.asp >> =09[IMAGE]=09
=09=09 =09 Quote of the Day =09=09=09 In Boston they ask, ?How does he=
know?? In New York, ?How much is he worth?? In Philadelphia, ?Who were h=
is parents??: Mark Twain =09[IMAGE]=09
[IMAGE]=09 [IMAGE] US Stocks Pct Gainers As of 6/14/2001 12:25:1=
1 PM ET Symbol Last Change % Chg [IMAGE] ENMC1.64[IMAGE]0.3426.15%[IMAGE=
] << File: http://finance.lycos.com/home/stocks/quotes.asp?symbols >> ARSC2=
.52[IMAGE]0.6434.04%[IMAGE] << File: http://finance.lycos.com/home/stocks/q=
uotes.asp?symbols >> CMI2.80[IMAGE]0.5021.73%[IMAGE] << File: http://financ=
e.lycos.com/home/stocks/quotes.asp?symbols >> PRFC23.81[IMAGE]4.0520.49%[IM=
AGE] << File: http://finance.lycos.com/home/stocks/quotes.asp?symbols >> AP=
PS4.60[IMAGE]0.6616.75%[IMAGE] << File: http://finance.lycos.com/home/stock=
s/quotes.asp?symbols >> ESTI2.66[IMAGE]0.3816.66%[IMAGE]NYSE & AMEX quotes =
delayed at least 20 min. At least 15 min. otherwise.- - - - -Personalize Th=
e Daily Quote: [IMAGE][IMAGE]Question of the Day! Q. Patrick Moran asks, "W=
hat is Stockholder of record on the day of the split? If I purchase stock t=
oday and the stock splits next week, will my stock split?"Let me start off =
by saying that nothing bad is going to happen if you buy a stock between th=
e announcement of a split and the split itself..... << File: http://finance=
.lycos.com/home/stocks/quotes.asp?symbols >> MORE << File: http://finance.l=
ycos.com/home/iec/archive.asp?no=3Dqa >> [IMAGE] Do you have a financial q=
uestion? Ask our editor << File: mailto:[email protected] >> - - =
- - - VIEW Archive << File: http://finance.lycos.com/home/iec/archive.asp >=
> [IMAGE] [IMAGE] [IMAGE]=09 =09=09=09=09[IMAGE] [IMAGE] Market Ou=
tlook Dow -138, Nasdaq -45, S?-12.94: << File: /home/news/default.asp?fi=
le >> As Of: Jun 14 2001 12:00PM ET The market has found plenty to chew o=
n today; unfortunately, the tidbits of information have been predominantly =
negative... Among the adverse morsels of information have been earnings war=
nings from the likes of Ingram Micro (IM -0.98), Quantum Corp. (DSS -0.3.. =
MORE << File: /home/news/default.asp?file >> [IMAGE] - - - - - MORE Break=
ing News << File: http://finance.lycos.com/home/news >> [IMAGE] [IMAGE] =
[IMAGE]=09[IMAGE]=09
=09 [IMAGE] Today's Feature - Thursday Arbitrage Arbitrage is a t=
ricky business that involves some guesswork. But, if performed in conjuncti=
on with solid due diligence, it can pay off handsomely. More << File: http=
://www.individualinvestor.lycos.com/article.asp?ID=3D21516 >> [IMAGE] =
[IMAGE]=09 =09 [IMAGE] Stocks to Watch As Of: Jun 14 2001 10:49AM E=
T Honeywell (HON) << File: /home/news/default.asp?file >> 39.00 -3.26: The=
fact that the General Electric (GE 49.22 +1.37)/Honeywell merger is on the=
ropes will not come as news to anyone. But this troubled deal is worth a l=
ook due to the statement it makes about broader policy issues -- that is th=
e reason, after all, that the Dow is taking a hit even though the stocks of=
the two parties involved are moving in opposite directions. .. MORE << Fi=
le: /home/news/default.asp?file >> [IMAGE] As Of: Jun 14 2001 9:28AM ET M=
icromuse (MUSE) << File: /home/news/default.asp?file >> 35.25: Micromuse p=
rovides enterprise software solutions specializing in real-time fault manag=
ement and service assurance for the network. MUSE sold off 19% yesterday an=
d is down an additional $5 in the pre-market after the company made bearish=
comments at two sell-side conferences. Despite a number of firms reiterati=
ng confidence in JunQ results, management presented a cautious outlook for =
the quarter. The environment has changed little from MarQ and continues to =
be tough. Some analysts are supporting the stock, but three firms downgrade=
d MUSE including Morgan Stanley which chopped the stock to Neutral from Str=
ong Buy citing reduced forward visibility and increased potential risk to n=
umbers. .. MORE << File: /home/news/default.asp?file >> [IMAGE] - - - - -=
MORE Breaking News << File: http://finance.lycos.com/home/news >> [IMAGE]=
[IMAGE] [IMAGE]=09[IMAGE]=09
=09=09=09 [IMAGE] Your Watch List News ENMC News Encore Medical C=
orporation Secures New Funding << File: http://finance.lycos.com/home/news/=
story.asp?story=3D22529903 >> PR Newswire: 06/13/2001 ENCORE MEDICAL CORP =
FILES FORM DEFA14A (NASDAQ:ENMCW) << File: http://finance.lycos.com/home/ne=
ws/story.asp?story=3D22277719 >> EDGAR Online: 05/25/2001 ENCORE MEDICAL C=
ORP FILES FORM 10-Q (NASDAQ:ENMCW) << File: http://finance.lycos.com/home/n=
ews/story.asp?story=3D22071272 >> EDGAR Online: 05/14/2001 - - - - - MORE =
<< File: http://finance.lycos.com/home/news/headlines.asp?symbols=3DNASDAQ:=
ENMC >> [IMAGE] ARSC News CIBER to acquire Aris in $31.4 million deal << =
File: http://finance.lycos.com/home/news/story.asp?story=3D22551208 >> Reu=
ters: 06/14/2001 CIBER to Acquire Publicly Held Aris Corporation; Consolid=
ate, Adds Services and United Kingdom Operations << File: http://finance.ly=
cos.com/home/news/story.asp?story=3D22550769 >> BusinessWire: 06/14/2001 A=
RIS CORP/ FILES FORM 10-Q (NASDAQ:ARSC) << File: http://finance.lycos.com/h=
ome/news/story.asp?story=3D22100820 >> EDGAR Online: 05/15/2001 - - - - - =
MORE << File: http://finance.lycos.com/home/news/headlines.asp?symbols=3DNA=
SDAQ:ARSC >> [IMAGE] CMI News CMI CORP FILES FORM 10-Q (NYSE:CMI) << File=
: http://finance.lycos.com/home/news/story.asp?story=3D22094020 >> EDGAR O=
nline: 05/15/2001 CMI Reports First Quarter Revenues and Earnings << File: =
http://finance.lycos.com/home/news/story.asp?story=3D21810337 >> PR Newswi=
re: 05/02/2001 CMI CORP FILES FORM DEF 14A (NYSE:CMI) << File: http://finan=
ce.lycos.com/home/news/story.asp?story=3D21748048 >> EDGAR Online: 04/30/2=
001 - - - - - MORE << File: http://finance.lycos.com/home/news/headlines.as=
p?symbols=3DNYSE:CMI >> [IMAGE] PRFC News PROMISTAR FINANCIAL CORP FILES =
FORM 425 (NASDAQ:PRFC) << File: http://finance.lycos.com/home/news/story.as=
p?story=3D22556735 >> EDGAR Online: 06/14/2001 F.N.B. to acquire Promistar=
Financial in $427 mln deal << File: http://finance.lycos.com/home/news/sto=
ry.asp?story=3D22553808 >> Reuters: 06/14/2001 F.N.B. Corporation Invites =
You to Join Its Merger With Promistar Financial Corporation Conference Call=
on the Web << File: http://finance.lycos.com/home/news/story.asp?story=3D2=
2553501 >> PR Newswire: 06/14/2001 - - - - - MORE << File: http://finance.=
lycos.com/home/news/headlines.asp?symbols=3DNASDAQ:PRFC >> [IMAGE] APPS N=
ews Appiant Technologies Receives One-Million Dollar Purchase Order From Ge=
nuTec to Tap Agent Market << File: http://finance.lycos.com/home/news/story=
.asp?story=3D22424954 >> BusinessWire: 06/06/2001 Appiant Technologies Eng=
ages UBS Warburg as Financial Advisor << File: http://finance.lycos.com/hom=
e/news/story.asp?story=3D22424945 >> BusinessWire: 06/06/2001 Appiant Tech=
nologies Reports Second Quarter 2001 Financial Results << File: http://fina=
nce.lycos.com/home/news/story.asp?story=3D22024668 >> BusinessWire: 05/10/=
2001 - - - - - MORE << File: http://finance.lycos.com/home/news/headlines.a=
sp?symbols=3DNASDAQ:APPS >> [IMAGE] ESTI News ECLIPSE SURGICAL TECHNOLOGI=
ES INC FILES FORM 10-K/A (NASDAQ:ESTI) << File: http://finance.lycos.com/ho=
me/news/story.asp?story=3D22543370 >> EDGAR Online: 06/13/2001 ECLIPSE SUR=
GICAL TECHNOLOGIES INC FILES FORM 10-Q/A (NASDAQ:ESTI) << File: http://fina=
nce.lycos.com/home/news/story.asp?story=3D22543319 >> EDGAR Online: 06/13/=
2001 DIARY-U.S. FDA advisory meetings through July 20 << File: http://finan=
ce.lycos.com/home/news/story.asp?story=3D22332439 >> Reuters: 05/30/2001 -=
- - - - MORE << File: http://finance.lycos.com/home/news/headlines.asp?sym=
bols=3DNASDAQ:ESTI >> [IMAGE] [IMAGE]=09 =09
[IMAGE]
=09=09 To unsubscribe from this newsletter, hit Go! =09
=09=09 or, send email to [email protected] << File: ma=
ilto:[email protected]?Subject=3DREMOVE&body=3DPlease Un=
subscribe me from the Newsletter >> with REMOVE in the subject field. =
Please be sure that you are sending it from [email protected] since you are=
subscribed to [email protected] =09
=09 =09
[IMAGE]=09 =09
[IMAGE]Site Map << File: http://finance.lycos.com/home/misc/sitemap.asp >> =
| Help << File: http://finance.lycos.com/home/about/cserv/default.asp >> =
| Feedback << File: http://finance.lycos.com/home/about/cserv/writeus.asp >=
> | About Terra Lycos << File: http://uscorp.terralycos.com/index.html >> =
| Jobs << File: http://client.lycos.com/jobs/jobsearch.asp >> | Advertise=
<< File: http://www.lycos.com/lycosinc/advertising.html >> | Business Dev=
elopment << File: http://www.lycos.com/lycosinc/busdev/ >> Copyright << F=
ile: http://www.lycos.com/lycosinc/legal.html#copy >> ? 2001 Lycos, Inc. A=
ll Rights Reserved. Lycos
is a registered trademark of Carnegie Mellon University. Privacy Policy <<=
File: http://www.lycos.com/privacy >> - Terms & Conditions
| ||
arnold-j/sent_items/187.
|
subject: RE: finance
content: heard of it but not sure exactly what it is.
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Thursday, June 14, 2001 10:37 PM
To: [email protected]
Subject: finance
they guy that wrote the application Crystal Ball will teach my class
tomorrow. have you used it?
| ||
arnold-j/sent_items/188.
|
subject:
content: here she is...
| ||
arnold-j/sent_items/189.
|
subject:
content: The deal got booked to Oil-NG-Hedge-Spec. It should have been booked to IN-Upstream-St***. That resulted in an error in my position as well.
| ||
arnold-j/sent_items/19.
|
subject: RE: Extra credit
content: have you taken any finance courses yet? what's good?
| ||
arnold-j/sent_items/190.
|
subject: RE: Cali
content: where did you get this info from?
have not seen the generators who hedged before selling out. mostly just seen calpine selling.
-----Original Message-----
From: [email protected]@ENRON [mailto:[email protected]]
Sent: Monday, June 18, 2001 7:46 AM
To: Arnold, John
Subject: Cali
Two Energy Auctions in End Jan-Beg Feb:
In the last week, it has been announced that the CDWR (California
Department of Water Resources) will not honor the Bids resulting from the
two auctions held this year. Out of the 31 contracts, only 8 have been
signed. The other 23 are expected to either remain unsigned/uncontracted
or their terms (their prices) are expected to change since power prices
have decreased so much since the beginning of the year.
John- have we seen any selling in the 10 year curve to support the
above..all the people who bought in Jan and Feb selling out???
| ||
arnold-j/sent_items/191.
|
subject: RE: prom
content: pooks if you get this call me
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Monday, June 18, 2001 9:30 AM
To: John Arnold
Subject: prom
will you go to the prom with me?
| ||
arnold-j/sent_items/192.
|
subject: RE: Cali
content: the way i read it was the 30 something contract signed are good but ones under negotiation from there are either being renegotiated or talks terminated.
-----Original Message-----
From: Abramo, Caroline
Sent: Monday, June 18, 2001 10:38 AM
To: Arnold, John
Subject: RE: Cali
announcements came from DWR (who requested intial auction bids).. was a good week ago.. mike grisby should have more details,..makes sense as i heard a month ago that the deals were not finalized.
look at the DWR website wwwdwr.water.ca.gov.. good info
and they'll have copies of power contracts which i think fraser is getting
FERC meeting at 1.00 pm on soft caps.. we'll have a review..
From: John Arnold/ENRON@enronXgate on 06/18/2001 08:26 AM
To: "[email protected]@ENRON" <[email protected]>@SMTP@enronXgate
cc:
Subject: RE: Cali
where did you get this info from?
have not seen the generators who hedged before selling out. mostly just seen calpine selling.
-----Original Message-----
From: [email protected]@ENRON [mailto:[email protected]]
Sent: Monday, June 18, 2001 7:46 AM
To: Arnold, John
Subject: Cali
Two Energy Auctions in End Jan-Beg Feb:
In the last week, it has been announced that the CDWR (California
Department of Water Resources) will not honor the Bids resulting from the
two auctions held this year. Out of the 31 contracts, only 8 have been
signed. The other 23 are expected to either remain unsigned/uncontracted
or their terms (their prices) are expected to change since power prices
have decreased so much since the beginning of the year.
John- have we seen any selling in the 10 year curve to support the
above..all the people who bought in Jan and Feb selling out???
| ||
arnold-j/sent_items/193.
|
subject: RE: prom
content: i cant commit ...i'm 50/50 so say no. will send bat on next continental flight.
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Monday, June 18, 2001 12:11 PM
To: Arnold, John
Subject: RE: prom
i can't call, class just started. i can email or instant message.
-----Original Message-----
From: Arnold, John [mailto:[email protected]]
Sent: Monday, June 18, 2001 12:59 PM
To: [email protected]
Subject: RE: prom
pooks if you get this call me
> -----Original Message-----
> From: "Eva Pao" <[email protected]>@ENRON
> [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+
> [email protected]]
> Sent: Monday, June 18, 2001 9:30 AM
> To: John Arnold
> Subject: prom
>
> will you go to the prom with me?
| ||
arnold-j/sent_items/194.
|
subject: RE:
content: it was fine this morn. starting back up today
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 18, 2001 12:09 PM
To: Arnold, John
Subject:
how's the breakdown going?
| ||
arnold-j/sent_items/195.
|
subject: RE: BOOO
content: funner than provincetown???
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Monday, June 18, 2001 12:21 PM
To: Arnold, John
Subject: BOOO
it will be the funnest weekend of the year. i'll send the bat back with
pictures
-----Original Message-----
From: Arnold, John [mailto:[email protected]]
Sent: Monday, June 18, 2001 1:14 PM
To: [email protected]
Subject: RE: prom
i cant commit ...i'm 50/50 so say no. will send bat on next
continental flight.
> -----Original Message-----
> From: "Eva Pao" <[email protected]>@ENRON
> [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+
> [email protected]]
> Sent: Monday, June 18, 2001 12:11 PM
> To: Arnold, John
> Subject: RE: prom
>
> i can't call, class just started. i can email or instant message.
>
> -----Original Message-----
> From: Arnold, John [mailto:[email protected]]
> Sent: Monday, June 18, 2001 12:59 PM
> To: [email protected]
> Subject: RE: prom
>
>
> pooks if you get this call me
>
> > -----Original Message-----
> > From: "Eva Pao" <[email protected]>@ENRON
> >
> [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+
> > [email protected]]
> > Sent: Monday, June 18, 2001 9:30 AM
> > To: John Arnold
> > Subject: prom
> >
> > will you go to the prom with me?
| ||
arnold-j/sent_items/196.
|
subject: RE: Cali
content: lots of producer selling cal 2 and front strong so h/j still blowing out
-----Original Message-----
From: Abramo, Caroline
Sent: Monday, June 18, 2001 12:17 PM
To: Arnold, John
Subject: RE: Cali
hmmm.. will check with mike .. also the DWR contract summary should be out this afternoon.. fraser's group analyzing.
anything going on? too early to short the mar/apr?
| ||
arnold-j/sent_items/197.
|
subject: RE: Cali
content: no, they were just good sellers in the cals. irregardless of the rally in the front this morn, cal 4 didnt move
-----Original Message-----
From: Abramo, Caroline
Sent: Monday, June 18, 2001 1:35 PM
To: Arnold, John
Subject: RE: Cali
did you see that deal direct from BOA??
| ||
arnold-j/sent_items/198.
|
subject: RE:
content: i thought i was joining you
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 18, 2001 12:55 PM
To: Arnold, John
Subject: RE:
I believe that I might be joining you in the nut house
-----Original Message-----
From: Arnold, John
Sent: Monday, June 18, 2001 12:14 PM
To: Ward, Kim S.
Subject: RE:
it was fine this morn. starting back up today
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 18, 2001 12:09 PM
To: Arnold, John
Subject:
how's the breakdown going?
| ||
arnold-j/sent_items/199.
|
subject: RE:
content: Because I am so kind:
Greg Trentham
165 Harding Rd
Glen Rock, NJ 07452
Jack Cogen
60 East End Ave #25A
NY, NY 10028
Brian Tracey
19 Heartstone Lane
Wilton, CT 06897
Brian Manolis
81 Forest Ave
Caldwell, NJ 07006
-----Original Message-----
From: Burns, Jennifer
Sent: Monday, June 18, 2001 2:36 PM
To: Arnold, John
Subject:
John -
Jeff asked me to get with you and see if you could be so kind to get me the following addresses:
Brian Tracey @ Spectron
Brian Manolis @ Paribas
Greg Trentham @ EDFMAN
Jack Cogen @ Natsource
Thank you,
Jennifer
| ||
arnold-j/sent_items/2.
|
subject: RE: waiting
content: maine impossible to get to...next option?
| ||
arnold-j/sent_items/20.
|
subject: RE: Extra credit
content: fill in
$ _____ per/share
"Eva Pao" <[email protected]> on 05/13/2001 02:39:23 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
what's my bid for what??
ps
don't no crap me.
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:30 PM
To: [email protected]
Subject: Re: Extra credit
no crap, what's your bid?
"Eva Pao" <[email protected]> on 05/13/2001 12:48:23 AM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: Extra credit
break even on info ass-symetry is 100%, any project above that level is
profitable to Pooks&Co.
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 1:04 AM
To: [email protected]
Subject: RE: try this one...
For extra credit....
If the company is worth 150% more under management A rather than 50% more,
does your answer change?
"Eva Pao" <[email protected]> on 05/11/2001 05:13:59 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: try this one...
will you do all of my homework?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Friday, May 11, 2001 8:41 AM
To: [email protected]
Subject: Re: try this one...
i'll pay a grand total of 0
"Eva Pao" <[email protected]> on 05/10/2001 05:15:59 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: try this one...
Please read the following problem very carefully, and write in a number at
the end. You should be ready to defend your answer. Only a number is
allowed, not an algebraic equation.
Acquiring a Company
In the following exercise you will represent Company A (the acquirer),
which is currently considering acquiring Company T (the target) by means of
a tender offer. You plan to tender in cash for 100% of Company T's shares
but are unsure how high a price to offer. The main complication is this:
the value of Company T depends directly on the outcome of a major oil
exploration project it is currently undertaking. Indeed, the very
viability
of Company T depends on the exploration outcome. If the project fails, the
company under current management will be worth nothing--$0/share. But if
the project succeeds, the value of the company under current management
could be as high as $100/share. All share values between $0 and $100 are
considered equally likely. By all estimates, the company will be worth
considerably more in the hands of Company A than under current management.
In fact, whatever the ultimate value under current management, the company
will be worth fifty percent more under the management of A than under
Company T. If the project fails, the company is worth $0/share under
either
management. If the exploration project generates a $50/share value under
current management, the value under Company A is $75/share. Similarly, a
$100/share value under Company T implies a $150/share value under Company
A,
and so on.
The board of directors of Company A has asked you to determine the
price
they should offer for Company T's shares. This offer must be made now,
before the outcome of the drilling project is known. From all indications,
Company T would be happy to be acquired by Company A, provided it is at a
profitable price. Moreover, Company T wishes to avoid, at all cost, the
potential of a takeover bid by any other firm. You expect Company T to
delay a decision on your bid until the results of the project are in, then
accept or reject your offer before the news of the drilling results reaches
the press.
Thus, you (Company A) will not know the results of the exploration
project
when submitting your price offer, but Company T will know the results when
deciding whether or not to accept your offer. In addition, Company T will
accept any offer by Company A that is greater than the (per share) value of
the company under current management. Thus, if you offer $50/share, for
instance, Company T will accept if the value of the company to Company T is
anything less than $50.
As the representative of Company A, you are deliberating over price
offers
in the range of $0/share (this is tantamount to making no offer at all) to
$150/share. What price offer per share would you tender for Company T's
stock?
$______ per/share
| ||
arnold-j/sent_items/200.
|
subject: RE: Reserved Parking
content: thanks
-----Original Message-----
From: Rangel, Ina
Sent: Monday, June 18, 2001 5:24 PM
To: Arnold, John
Subject: Reserved Parking
John,
I just got news from the director of parking that you are one of the first ones to be able to receive a reserved parking spot in the new garage upon completion of the skyring. You are looking at late summer before that happens. I just wanted to give you a heads up.
Ina Rangel
| ||
arnold-j/sent_items/201.
|
subject: FW: U.S. Soccer and Philips Electronics Announce Nationwide Contest
content: Pooks, here's your chance to really turn some heads
-----Original Message-----
From: "ussoccerfan.com" <[email protected]>@ENRON [mailto:IMCEANOTES-+22ussoccerfan+2Ecom+22+20+3Cussoccerfan+40ussoccer+2Eorg+3E+40ENRON@ENRON.com]
Sent: Tuesday, June 19, 2001 11:22 AM
To: U.S. Soccer Fan - Texas
Subject: U.S. Soccer and Philips Electronics Announce Nationwide Contest to Create the First Official Fan Chant for U.S. National Teams
U.S. Soccer and Philips Electronics Announce Nationwide Contest to Create the First Official Fan Chant for U.S. National Teams
CHICAGO (Tuesday, June 19, 2001) - Philips Electronics and the United States Soccer Federation today announced a nationwide contest to create the first official fan chant for the U.S. National Men's and Women's Teams. Designed to propel U.S. players to victory, the contest kicks off a long-term sponsorship deal between the electronics giant and U.S. Soccer. In conjunction with its sponsorship deal, Philips' has announced a goal to increase the U.S. fan base significantly over the next five years.
Fans can enter their original chant by visiting the U.S. Soccer website from now until August 15th, 2001. Visitors to www.us-soccer.com will find entry forms, rule and complete contest details.
The grand prize winner's chant will be selected by a panel of Philips and U.S. Soccer representatives and will debut at the October 7th World Cup Qualifier in Boston. The winner will also be able to root for the U.S. Men's and Women's National Teams on his/her new Philips Home Theater system. Two runners up will be awarded Philips DVD players.
Continue: http://www.us-soccer.com/scripts/runisa.dll?M2:gp::15035+news/display+26492+E
---
You are currently subscribed to ussoccerfan_tx as: [email protected]
To unsubscribe send a blank email to [email protected]
| ||
arnold-j/sent_items/202.
|
subject: RE: BNP PARIBAS Commodity Futures Weekly AGA Survey
content: 94
-----Original Message-----
From: [email protected]@ENRON [mailto:IMCEANOTES-george+2Eellis+40americas+2Ebnpparibas+2Ecom+40ENRON@ENRON.com]
Sent: Wednesday, June 20, 2001 7:53 AM
To: [email protected]
Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey
Good Morning,
Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY.
Last Year +64
Last Week +105
Thank You,
George Ellis
BNP PARIBAS Commodity Futures, Inc.
_____________________________________________________________________________________________________________________________________
Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur.
Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse.
L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie.
----------------------------------------------------------------------------------
This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender.
Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval.
The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified.
_____________________________________________________________________________________________________________________________________
| ||
arnold-j/sent_items/203.
|
subject: RE: sun vs vlo
content: sun -9% in 6 days. kid how????????
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Wednesday, June 20, 2001 2:51 PM
To: John Arnold
Subject: sun vs vlo
sun down 1%, vlo down 2.5%... good try pooks. don't worry, you'll get me
next time.
| ||
arnold-j/sent_items/204.
|
subject: RE: belize info
content: interested in a night of pizza, wine, US soccer, and belize planning tonight?
-----Original Message-----
From: "Jennifer White" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Jennifer+20White+22+20+3Cjenwhite7+40zdnetonebox+2Ecom+3E+40ENRON@ENRON.com]
Sent: Tuesday, June 19, 2001 10:38 AM
To: Arnold, John
Subject: belize info
Here is your two week notice for Belize...
I'm on Continental flight 1231, departing July 4 at 1:25 PM, seat 15D,
returning Sunday, July 8. I hope you decide to take the later flight
out Saturday.
I talked to the hotel and they have rooms and a scuba instructor available
to dive with us. Let me know your flights so that I can arrange the
air transfers between Belize City and Placencia and dive lessons through
the hotel. I haven't booked it yet since they require a non-refundable
deposit.
Call me with any questions - or if you change your mind so that I can
make alternate plans.
Jen
___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com
| ||
arnold-j/sent_items/205.
|
subject: RE: soccer gear
content: screw the english jersey. just wear red
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Wednesday, June 20, 2001 2:31 PM
To: John Arnold
Subject: soccer gear
for tonight's game, i've got a manchester united jersey. will people jeer
at me because it is english or because it looks like the trinidad jersey?
kid
| ||
arnold-j/sent_items/206.
|
subject: RE: aga
content: cost about 200,000-300,000
our internal estimates were in the 102-106 range, so no. i think pira overestimating the gas gen burn for the week. problem is there is no real good burn for at least two weeks going forward. we've dropped $1.5 in a couple months and havent picked up an mmbtu of demand. that's a big problem
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, June 21, 2001 6:36 AM
To: Arnold, John
Subject: aga
1- did the intern help or hurt you?
2- do u buy PIRA's suggestion a correction is looming?
| ||
arnold-j/sent_items/207.
|
subject: RE: aga
content: at some point it has to or we're going to shut-in economics. that may be the answer.
-----Original Message-----
From: Fraser, Jennifer
Sent: Monday, June 25, 2001 5:26 AM
To: Arnold, John
Subject: RE: aga
what makes you think demand is coming back?..have monitored permanent closures/off-shore moves
-----Original Message-----
From: Arnold, John
Sent: Sunday, June 24, 2001 12:03 PM
To: Fraser, Jennifer
Subject: RE: aga
no, the opposite. saying price drop hasnt brought us closer to equilibrium. we absolutley cant continue this loss of demand, otherwise we end up at 3.2 and the industry doesnt want to /cant end up there. thus you must pick up at least some demand. price must keep dropping . price dropped $1.5 and haven't gained any demand. that's the scary thing. how much does it have to drop before we do find it?
-----Original Message-----
From: Fraser, Jennifer
Sent: Fri 6/22/2001 6:31 AM
To: Arnold, John
Cc:
Subject: RE: aga
so you think we could pop on on the heels of increased demand because of low prices....assuming demand returned to normal how do you think there economic conditions will mitigate this.
-----Original Message-----
From: Arnold, John
Sent: Thursday, June 21, 2001 2:55 PM
To: Fraser, Jennifer
Subject: RE: aga
cost about 200,000-300,000
our internal estimates were in the 102-106 range, so no. i think pira overestimating the gas gen burn for the week. problem is there is no real good burn for at least two weeks going forward. we've dropped $1.5 in a couple months and havent picked up an mmbtu of demand. that's a big problem
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, June 21, 2001 6:36 AM
To: Arnold, John
Subject: aga
1- did the intern help or hurt you?
2- do u buy PIRA's suggestion a correction is looming?
| ||
arnold-j/sent_items/208.
|
subject: RE: one more thing to consider
content: economy starts looking better when energy costs fall 30-50%
-----Original Message-----
From: Fraser, Jennifer
Sent: Monday, June 25, 2001 5:51 AM
To: Arnold, John
Subject: one more thing to consider
the economic picture is not rosy. it's hard to see hoe we get the miracle recovery in q3 or even q4. Have you formed an opinion on this?
-----Original Message-----
From: Arnold, John
Sent: Sunday, June 24, 2001 12:03 PM
To: Fraser, Jennifer
Subject: RE: aga
no, the opposite. saying price drop hasnt brought us closer to equilibrium. we absolutley cant continue this loss of demand, otherwise we end up at 3.2 and the industry doesnt want to /cant end up there. thus you must pick up at least some demand. price must keep dropping . price dropped $1.5 and haven't gained any demand. that's the scary thing. how much does it have to drop before we do find it?
-----Original Message-----
From: Fraser, Jennifer
Sent: Fri 6/22/2001 6:31 AM
To: Arnold, John
Cc:
Subject: RE: aga
so you think we could pop on on the heels of increased demand because of low prices....assuming demand returned to normal how do you think there economic conditions will mitigate this.
-----Original Message-----
From: Arnold, John
Sent: Thursday, June 21, 2001 2:55 PM
To: Fraser, Jennifer
Subject: RE: aga
cost about 200,000-300,000
our internal estimates were in the 102-106 range, so no. i think pira overestimating the gas gen burn for the week. problem is there is no real good burn for at least two weeks going forward. we've dropped $1.5 in a couple months and havent picked up an mmbtu of demand. that's a big problem
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, June 21, 2001 6:36 AM
To: Arnold, John
Subject: aga
1- did the intern help or hurt you?
2- do u buy PIRA's suggestion a correction is looming?
| ||
arnold-j/sent_items/209.
|
subject:
content: Prompt month vol is moving from 60% to 40% cob today...should increase capacity for front month by 50% for anybody who wants them.
| ||
arnold-j/sent_items/21.
|
subject: RE: Extra credit
content: and your offer?
"Eva Pao" <[email protected]> on 05/13/2001 02:58:28 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, May 13, 2001 4:37 PM
To: [email protected]
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
| ||
arnold-j/sent_items/210.
|
subject:
content: wanna get toasted tonight?
| ||
arnold-j/sent_items/211.
|
subject: RE:
content: i guarantee it.
you're not still pulling that leg thing, are you. we don't work out again until wednesday.
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 25, 2001 2:47 PM
To: Arnold, John
Subject: RE:
will it make my leg feel better?
-----Original Message-----
From: Arnold, John
Sent: Monday, June 25, 2001 2:23 PM
To: Ward, Kim S.
Subject:
wanna get toasted tonight?
| ||
arnold-j/sent_items/212.
|
subject: RE:
content: i'm going to run to needless markup real fast. that have a big sale starting today. if you don''t want to go, i'll pick you up after...
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 25, 2001 4:27 PM
To: Arnold, John
Subject: RE:
oh yeah, I can quit faking it. So, what is the plan?
-----Original Message-----
From: Arnold, John
Sent: Monday, June 25, 2001 2:49 PM
To: Ward, Kim S.
Subject: RE:
i guarantee it.
you're not still pulling that leg thing, are you. we don't work out again until wednesday.
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 25, 2001 2:47 PM
To: Arnold, John
Subject: RE:
will it make my leg feel better?
-----Original Message-----
From: Arnold, John
Sent: Monday, June 25, 2001 2:23 PM
To: Ward, Kim S.
Subject:
wanna get toasted tonight?
| ||
arnold-j/sent_items/213.
|
subject: RE:
content: 3 minutes
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 25, 2001 6:09 PM
To: Arnold, John
Subject: RE:
in the galleria? I need to pick up a dress at saks. when are you going?
-----Original Message-----
From: Arnold, John
Sent: Monday, June 25, 2001 6:01 PM
To: Ward, Kim S.
Subject: RE:
i'm going to run to needless markup real fast. that have a big sale starting today. if you don''t want to go, i'll pick you up after...
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 25, 2001 4:27 PM
To: Arnold, John
Subject: RE:
oh yeah, I can quit faking it. So, what is the plan?
-----Original Message-----
From: Arnold, John
Sent: Monday, June 25, 2001 2:49 PM
To: Ward, Kim S.
Subject: RE:
i guarantee it.
you're not still pulling that leg thing, are you. we don't work out again until wednesday.
-----Original Message-----
From: Ward, Kim S.
Sent: Monday, June 25, 2001 2:47 PM
To: Arnold, John
Subject: RE:
will it make my leg feel better?
-----Original Message-----
From: Arnold, John
Sent: Monday, June 25, 2001 2:23 PM
To: Ward, Kim S.
Subject:
wanna get toasted tonight?
| ||
arnold-j/sent_items/214.
|
subject: RE: Daily Lunches
content: let me think about it for a day
-----Original Message-----
From: Rangel, Ina
Sent: Monday, June 25, 2001 3:00 PM
To: Arnold, John
Subject: Daily Lunches
John,
These are the following people that are eating daily lunches, that I'm sure can get away from their desk:
Fundamentals group under Chris Gaskill (18 people)
IT group under Colin Tonks (13 people)
Weather group (9 people)
The follwoing people are being charged directly to your cost center:
Amy Cavazos
Bharat Khanna
Bilal Bajwa
Elizabet Soto
Errol McLaughlin
Frnak Hayden
George Huan
Greg Couch
Joey Taylor
Kori Loibl
Laura Vargas
Luchas Johnson
Sean Riordan
Sherry Dawson
I am going to let all of these people know that beginning 7/1/01 the daily lunches will go back to being for the traders only due to cost and time.
Let me know if your okay with this.
Ina Rangel
| ||
arnold-j/sent_items/215.
|
subject:
content: chris:
can you give access to the fundies site to margaret allen 3-9056
thanks,
john
| ||
arnold-j/sent_items/216.
|
subject:
content: http://fundamentals.corp.enron.com/main.asp
| ||
arnold-j/sent_items/217.
|
subject: RE:
content: what???? where is that?
-----Original Message-----
From: "Jennifer White" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Jennifer+20White+22+20+3Cjenwhite7+40zdnetonebox+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, June 27, 2001 3:50 PM
To: Arnold, John
Subject:
I assume you no longer plan to come to Belize, but in case you might
be wavering, I've made slightly different plans. I'm going to San Pedro/Ambergris
Caye where there is more activity (http://ambergriscaye.com/). And if
you want to come but are hesitant because of me, then don't be. I would
simply enjoy your company diving.
And if you are definately not coming, then you owe me a birthday dinner
before I leave :)
Jen
___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com
| ||
arnold-j/sent_items/218.
|
subject: RE: Surprise!!
content: EB3221D
3 3230
-----Original Message-----
From: Johnson, Shawna
Sent: Wednesday, June 27, 2001 1:03 PM
To: McMahon, Jeffrey; Lipshutz, Cheryl; Arnold, John; Zipper, Andy; Straatmann, Christine; Venturatos, Steve; Juden, Michelle; Schwartz, Nicole; Alvino, Nicole; Hoskins, Brian; Thrasher, Jodi; Wininger, James
Subject: FW: Surprise!!
Please send me your current location AND extension so you may receive your SURPRISE!
| ||
arnold-j/sent_items/219.
|
subject: RE: follow up > FW: Caltech-developed arbitrage trading technolog y
content: i have no interest.
-----Original Message-----
From: Enzo Olfati <[email protected]>@ENRON [mailto:IMCEANOTES-Enzo+20Olfati+20+3Cholfati+40ispheres+2Ecom+3E+40ENRON@ENRON.com]
Sent: Thursday, June 28, 2001 4:42 PM
To: Arnold, John
Subject: FW: follow up > FW: Caltech-developed arbitrage trading technolog y being assessed by Reliant Energy right now...
John,
Below may interest you. If not, who'd be best to talk to at Enron?
Thanks,
Enzo
510-302-6767
-----Original Message-----
From: Enzo Olfati
Sent: Friday, June 22, 2001 10:48 AM
To: Kevin Presto (E-mail)
Subject: follow up > FW: Caltech-developed arbitrage trading technology being assessed by Reliant Energy right now...
Kevin,
I'm following up with you on e-mail below I sent you, Craig Breslau,Wade Hicks,Kevin Presto,Joe Gold,Don Schroeder,Phil Clifford, and Alan Engbergto determine who amongst you would be best suited for a discussion on below topic.
We are actively engaged with VP-leveland Director-levelexecutives of Energy and Commodities Trading at companies such as DukeEnergy, ReliantEnergy, Williams Energy, Entergy/Koch, Cargill, and others.
Our team is in Houston 3 days a week. We could either arrange a face-2-face or a conference call to discuss?
I look forward to your reply.
Thanks,
Enzo
510-302-6767
-----Original Message-----
From: Enzo Olfati
Sent: Tuesday, June 19, 2001 9:45 AM
To: Kevin Presto (E-mail)
Subject: Caltech-developed arbitrage trading technology being assessed by Reliant Energy right now...
Kevin,
ReliantEnergy, DukeEnergy, Entergy-Kochand many othertrading firms claim to miss outon 75-80% of the arbitrage trading opportunities. We're areextensivelyworking with them tohelp spot those lucrative spreads.
iSpheres provides enabling software for deploying meta applications around composite event management. We are working to enableevent management for traders. Enabling traders to define composite events around online marketplaces, weather, generation, transmission, and other information. The issue weaddressis enabling traders to synthesize all the information and detect what is actionable. Huge opportunity and payback.
I'd loveto discussour capabilities,understand what problems types you are working on, and where we might be of value.I'dlike to arrange a 30 minute introductory conference callwith you and other appropriate folks at Enron.
I have attached an Energy Use Case.
Thanks,
H. Enzo Olfati
Account Manager
iSpheres Corporation
T (510) 302-6767
- Energy_Use Case.doc << File: Energy_Use Case.doc >>
| ||
arnold-j/sent_items/22.
|
subject: Re: Extra credit
content: rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you $1. Keep flipping until you get a tails, at which point you walk away with the money. however, each heads you get after the first you double your money. So if you flip heads 3 times and then tails, you get $4. What's you bid/offer on playing this game? (would you pay $.5 to play? $1? $2? what you charge me play against you?)
| ||
arnold-j/sent_items/220.
|
subject: RE: not including storms
content: quickly running out of places to put gas. at least appetite to put gas in storage at same rate. need some supply/demand dynamics to change else price $3 is no resistance
-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, June 28, 2001 1:45 PM
To: Arnold, John
Subject: not including storms
are we going below 3 any time soon
| ||
arnold-j/sent_items/221.
|
subject:
content: how is subscription rate going for EOL versus our expectations?
| ||
arnold-j/sent_items/222.
|
subject: RE: PRC-Response required by end of day FRIDAY, JUNE 29
content: -----Original Message-----
From: Slone, Jeanie
Sent: Tuesday, June 26, 2001 5:42 PM
To: Allen, Phillip K.; Arnold, John; Breslau, Craig; Fox, Craig A.; Gomez, Julie A.; Grigsby, Mike; Josey, Scott; Keel, Allan; Lagrasta, Fred; Luce, Laura; McMichael Jr., Ed; Melendrez, Jesus; Mrha, Jean; Muhl, Gil; Neal, Scott; Redmond, Brian; Shively, Hunter S.; Tycholiz, Barry; Vickers, Frank W.; Whitt, Mark; Martin, Thomas A.; Schwieger, Jim; Thompson, C. John
Subject: PRC-Response required by end of day FRIDAY, JUNE 29
Importance: High
Louise Kitchen/John Lavorato have requested that each of you prepare a brief one page summary highlighting your accomplishments for this review period by end of day Friday, June 29, 2001.
You may use the PEP system and do a self-evaluation (let me know if you need assistance w/this) or send me an email bullet pointing your accomplishments. If you have already done a self-eval, you do not need to respond to this email. HR is compiling the information for OOTC and I appreciate your assistance/timely response. I apologize for the quick turn around-just got the request myself.
Please call or email w/any questions. Thanks.
| ||
arnold-j/sent_items/223.
|
subject: RE: Private Equity Exposure - Thomas H. Lee Partners
content: sure, send it over. as the investing contrarian i am, if everybody else is getting out of late-stage vc, i'll take a look.
-----Original Message-----
From: "Gapinski, Michael" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Gapinski+2C+20Michael+22+20+3Cmichael+2Egapinski+40ubspainewebber+2Ecom+3E+40ENRON@ENRON.com]
Sent: Sunday, July 01, 2001 5:23 PM
To: Arnold, John
Subject: Private Equity Exposure - Thomas H. Lee Partners
John -
I realize you don't have "fresh money" now, but if you happen to come across
fresh money in the next month, I want you to be aware of a new crossover
fund. The fund seeks to invest up to 50% (may exceed 50% under certain
circumstances) of the portfolio into late-stage venture capital companies
through relationships that Putnam and Thomas H. Lee Partners (great name in
private equity) have with various participants in the capital markets. The
remainder of the fund will be in small- and mid-sized publicly traded
companies managed by Putnam's Specialty Growth team.
Let me know if you're interested, and I'll send a kit over. So far, nice
trade on the ENE GJs.
> Michael Gapinski
> Account Vice President
> Emery Financial Group
> UBS PaineWebber, Inc.
> 713-654-0365
> 800-553-3119 x365
> Fax: 713-654-1281
> Cell: 281-435-0295
[email protected]
Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
UBS PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by UBS PaineWebber and
UBS PaineWebber will not be responsible for carrying out such orders
and/or instructions. Notice Regarding Privacy and Confidentiality:
UBS PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.
| ||
arnold-j/sent_items/224.
|
subject: RE: Volatility information
content: i don't have a problem with that. The 3 factors I ask in releasing info are:
1. Do customers even know the info is available or useful?
2. Is the info publicly available?
3. Is the info easily obtainable?
In this case, the answer is yes to all three, so I don't care. If the answer is no to one or more of the above, a judgment call has to be made.
-----Original Message-----
From: Mayor, Philip
Sent: Wednesday, June 20, 2001 7:38 AM
To: Arnold, John
Subject: Volatility information
John--
I am a summer analyst working with Laura Luce in the central gas desk.
We are trying to assemble a client-based website which will be used to provide assorted information material to the natrual gas industry to specifically targeted Enron clients. In so doing, we are trying to gather as much information as possible without crossing lines of propriety. One of the issues which has come up recently is whether we would be allowed to post next month and/or year-out volatility data. The data would be posted to a password protected site, but it would be on the extranet. Chris Gaskill, who is generally our local authority on issues of propriety has suggested that this would ultimately be your decision. Any comments on the propriety of exposing these volatility curves would be greatly appreciated. Thank you for your time.
Phil
| ||
arnold-j/sent_items/225.
|
subject: RE:
content: Hey:
Haven't spoken to you in a while. Let's get a drink sometime soon. I'm taking a week and a half off starting July 4 but after that, maybe we can go a Astros game.
Congrats on Connor. Hope everything is well.
909 Texas Ave #1812
Houston, TX 77002
-----Original Message-----
From: "mfindsen" <[email protected]>@ENRON [mailto:IMCEANOTES-+22mfindsen+22+20+3Cmfindsen+40houston+2Err+2Ecom+3E+40ENRON@ENRON.com]
Sent: Tuesday, June 19, 2001 3:51 PM
To: Andy Weathers; Nan Curtis; Bruce Calvin; John Arnold; KEVIN CASEY; Les Szabo; Lane Neville; Matt Arnold
Subject:
Hey!!! My wife Beth delivered a beautiful baby boy- Connor McIntosh.
Please send me your address so that I can send out a birth announcement.
Thanks, Marc
- winmail.dat << File: winmail.dat >>
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.