RE: My Thoughts

Thanks, and ditto, my friend. You're a rare individual at the company. An=
d it shows. Please be sure to spend a little time looking after yourself a=
nd your loved ones, since you've been doing a great job spending so much ti=
me caring and looking out for the rest of us.

Best,
Jeff

-----Original Message-----
From: =09Dernehl, Ginger On Behalf Of Shapiro, Richard
Sent:=09Friday, November 30, 2001 4:51 PM
To:=09Bolton, Stacey; Keeler, Jeff; Jacobson, Lisa; Hill, Jo Ann; Alamo, Jo=
seph; Allegretti, Daniel; Allen, Joe; Alvarez, Ray; Assad, Sergio; Assaf, L=
isa; Ausenhus, Kara; Barnes, Lynnette; Bellas, Kirsten; Bestard, Jose; Binn=
s, Darran; Bolton, Scott; Boston, Roy; Braz, Gisele; Buerger, Rubena; Burns=
, Stephen; Canovas, Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, =
Joe; Cooney, Carolyn; Cooper, Adam N; Crowther, Mark; Dasovich, Jeff; Davie=
s, Philip; Dawson, Paul; Decker, Larry; Dernehl, Ginger; Dressler, Jean; El=
ms, Nick; Fitzgibbon, Tom; Floris, Vinio; Frank, Robert; Fromer, Howard; Fu=
lton, Donna; Gottfredson, Bryan; Grimes, Michael; Guerrero, Janel; Haizmann=
, Jan; Hamilton, Allison; Hardy Jr, John; Hartfield, Rita; Hawkins, Bernade=
tte; Hemstock, Robert; Hennemeyer, Paul; Hetrick, Nancy; Hoatson, Tom; Huer=
tas, Alfredo; Hueter, Barbara A.; Hughes, Llewelyn; Hunter, Bevin; Huson, M=
aggy; Ibrahim, Amr; Imai, Makiko; Kaufman, Paul; Kean, Steven J.; Keenan, A=
mber; Keene, Patrick; Kimura, Takashi; Kingerski, Harry; Kishigami, Kikumi;=
Knight, Laurie; Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Lawre=
nce, Linda L.; Leibman, Lara; Leonardo, Samuel; Levy, Alberto; Lindberg, Su=
san; Linnell, Elizabeth; Long, Chris; Mara, Susan; Maurer, Luiz; McVicker, =
Maureen; Migden, Janine; Milano, Pamela; Miller, Terri; Montovano, Steve; N=
ersesian, Carin; Neustaedter, Robert; Nicolay, Christi L.; Nord, Sue; Noske=
, Linda J.; Novosel, Sarah; O'connell, Earlene; Ogenyi, Gloria; Palmer, Ger=
main; Perez, Carmen; Perez, Gus; Perrino, Dave; Petrochko, Mona L.; Pharms,=
Melinda; Reis, Jose Lucio; Reyna, Margo; Rishe, Frank; Rizzo, Helen; Roan,=
Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy; Ryall, Jea=
n; Sampaio, Fred; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines, =
Dan; Steffes, James D.; Stephens, Sharonda; Stransky, Joan; Stroup, Kerry; =
Stubbings, Randy; Styles, Peter; Sullivan, Kathleen; Sullivan, Lora; Thome,=
Jennifer; Tiberi, Fino; Twiggs, Thane; Van Biert, Teun; Walton, Steve; War=
ner, Geriann; Watanabe, Mika; Wood, Doug; Yeung, Charles; Yoho, Lisa
Subject:=09My Thoughts

I am not sure, that in any of the calls that we have had during the crisis =
surrounding Enron, that I have been able to fully express the depth of my g=
ratitude to each of you. I am as grateful as one can be. Like many of you=
, I loved this place and feel an immense sense of loss at what is occurring=
. My heart also aches for the financial losses that so many have suffered,=
not only in our group, but also throughout the company, particularly given=
how much all of us have given to this place, some for many years. I have =
been searching for a way to capture what we've done here and was reading a =
book the other day about Teddy Roosevelt, former President of the United St=
ates, and saw a quote that I thought was appropriate to our group and circu=
mstances?the quote is,=20

"the credit belongs to the person who is actually in the arena?who strives =
valiantly, who knows the great enthusiasms, the great devotions and spends =
himself in worthy causes. Who, at best, knows the triumph of high achievem=
ent and who, at worst, if he fails, fails while daring greatly so that his =
place shall never be with those cold and timid souls, who knew neither vict=
ory nor defeat."

The work that we did here was great. The way we did it, I believe, sets an=
example for those who will attempt to fill our shoes?and we fought for the=
right cause, i.e., competitive markets around the world. Our victories we=
re many and often directly due to our presence and leadership?the failure t=
hat we are experiencing as a company, however, that is so deep and so thoro=
ugh, was not of our making. I don't know exactly what the days and weeks a=
head hold for any of us, but I am quite confident that the good work that w=
e do and the way that we do it, and the sense of community that we were abl=
e to create in this group, will show up in new places and new companies all=
around the world over the next months and years. I hope to speak to many,=
if not all of you, on a one to one basis over the next several weeks to ex=
press my thanks and gratitude for having had the opportunity to work with y=
ou, but I also want to take this opportunity to wish each of you the best i=
n the future and during this holiday season.

Thank you