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Enron Mail |
Rick,
My views are as follows: - The sale of the deepwater assets makes sense due to their requirement of significant ongoing capital expenditures; the other assets of the company should also be auctioned off concurrently (although we would retain the right to continue to hold them if the offers received were inadequate); research into our commitments to Lehman as the sales advisor previously needs to be conducted (I have asked Don Miller in Corporate Development to research this). - The fact that the Mariner severance package is considerably better than the Enron package will be is a significant optical issue and not reducing it may create an issue with the creditors committee for the Enron bankruptcy. - The extension of employment agreements and consulting agreements, in my opinion, should be for a shorter time period, say to March 31, 2002, again in light of the Enron situation and the optics to the creditors committee. Dave -----Original Message----- From: Buy, Rick Sent: Tuesday, December 04, 2001 12:45 PM To: Gorte, David; Larson, Bradford Subject: FW: Letter to Mariner Board Members Importance: High Sensitivity: Confidential Any thoughts on this? Rick -----Original Message----- From: Cagle, Donna [mailto:DCAGLE@mariner-energy.com] Sent: Tuesday, December 04, 2001 11:10 AM To: Melendrez, Jesus; Buy, Rick; Keel, Allan; Josey, Scott D.; Clark, Richard; 'Bob Henderson'; 'mstrick443@earthlink.net'; Fox, Craig A.; 'mark.e.haedicke@enron.com'; 'whalley@enron.com' Cc: Zelikovitz, Kelly; Bushman, Teresa G. Subject: Letter to Mariner Board Members Importance: High Sensitivity: Confidential Please see attached letter from Scott Josey. Thank you. Donna M. Cagle Executive Administrator to President & CEO Mariner Energy, Inc. 580 WestLake Park Blvd., Suite 1300 Houston, TX 77079 281/584-5511 (phone) 281/584-5515 (fax) dcagle@mariner-energy.com <<Board Letter 12-4-01.doc<<
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