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Enron Mail |
As I am sure most of you know, the payout of 1999 performance bonuses over
the past couple of days has lifted the moral of our company significantly. It is a major positive event for EOTT because: 1. Performance bonuses in 1998 and 1999 were zero 2. The year end write-off re: alleged theft, inappropriate NGL trading and NGL Midcon activities wind-down triggered the need for a substantial amount of API support from Enron There are a few people that I would like to acknowledge and express my appreciation to for this critically important and positive development for our company: A. Stan Horton and John Duncan, Chairman of the EOTT Board Compensation committee were very understanding and most supportive in our request. Because of the large, year end API payment Enron had to make, it would have been easy for them to just say "NO!" B. Mary Ellen with her support team of Lloyd Jobe, Pat Hudson, Lynette LeBlanc, Beth Velasquez, Renda Angel did a magnificent job setting up and implementing the process of fairly allocating the bonus pool that we did not know we would have until after our board meeting next week. C. EOTT Management and Supervisors who responded very quickly and in a most professional manner to the bonus allocation process. I am confident that this bonus distribution will reinforce everyone's committment to continue to build a much stronger, viable entity that is well on its way to earning and paying full distributions in the not too distant future. Thanks again to for the cooperation and support.
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