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Enron Mail |
I have another meeting with Phil Clark (EDS) on Wednesday, 3/8. According to
Steve, who will probably not be at this meeting since his name is now on the "official list", these are the outstanding items: I have offiered $5000 finders fee per person, Phil would like more. Our economic analysis assumed a $10k finders fee, so we are still within that limit. EDS definitely wants the contract minimums for 2001 and 2002 increased. I will offer $8mm for both years, an increase of $2mm in 2001 and $3mm in 2002. Again, I want to stress to them that they must EARN this additional work. I am still playing phone tag with Ken Stott on this to see what Azurix plans for 2001 and 2002. Our orginal plan, which was quite agressive, targeted 4/1 as the transition date. GIven that we are in the second week of March, I think a more realistic timeline for transition is 5/1. This means the employee offers should be out no later than 4/1, with a yes/no answer back by 4/15. Then actual transition of the "yes" employees will take place effective 5/1. I think our initial "yes" response will be at 75%, but by the time 4/15 hits, that amount will be 90-95%. In discussions with Steve, he thinks this is a realistic guess. So, the next steps include: Finishing up negotiations with EDS/Phil Clark. Start developing a transition workplan/communication plan with HR (Robert Jones and Ben Herman). Please let me know if you have any questions. I'll provide another update after my meeting on Wednesday. Thanks. Jenny
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