RE: Weekly report

Vasant,

Yes, it's perfect. Please, indicate that the wording was unfortunate.

Vince

Vasant Shanbhogue
03/08/2001 11:20 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: Weekly report

Hi Vince,

regarding David Port's response to Kevin Kindall's email, I feel that I
should respond, at least to make our position clear. Please indicate if the
following response is appropriate -------

"Hi David,

I understand that you were slightly upset over a comment Kevin Kindall made
in one of his weekly reports. The intention was never to disparage anybody.
It is just that since Research gets data from a large number of sources, we
feel obligated to the data donor to ask any requester for clarification of
need. I completely understand that RAC typically has access to much
sensitive information and they have a right to know much information. We
just want to make sure there is open flow of information (it is in
everybody's best interests and the company's best interests) and that
everybody is aware of how data is flowing.

Best wishes,
Vasant"

---------------------- Forwarded by Vasant Shanbhogue/HOU/ECT on 03/08/2001
11:11 AM ---------------------------
From: David Port/ENRON@enronXgate on 03/08/2001 08:46 AM
To: Kevin Kindall/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Rudi
Zipter/ENRON@enronXgate
Subject: RE: Weekly report

Kevin - thanks for the update.

On the Stock option Plans, if your angle is what I suspect, I suggest you get
with Rudi Zipter, who has done a great deal of work on this exposure,
including characterising and actually booking the short option positions in
Enron's equity system. We are already working with Ben Glisan's team firming
up a hedging program. We are well advanced in this effort so if you get with
my people it could save you a great deal of time.

Secondly, I am afraid I do take some exception to your references to Naveen's
team in your last point. Generally in RAC I don't believe we are obliged to
explain why we need information, except as a courtesy - otherwise that would
compromise our role somewhat. Specifically, I am aware of the sensitivity of
Raptor, just as I am of the sensitivity of all the information my group is
privvy to on a daily basis. Again, we have done a good deal of work on these
structures too (I see a position report daily). As I have discussed with
Vince, Naveen's request would have been derived from a discussion we all had
with Rick, concerning "meltdown" scenarios and their effect on, amongst other
things, funding vehicles.

But I would rather have had a conversation about this than see slightly
disparaging remarks about my people in email traffic.

Rgds
DP

-----Original Message-----
From: Kindall, Kevin
Sent: Monday, March 05, 2001 8:19 AM
To: Kaminski, Vince; Shanbhogue, Vasant
Cc: Port, David
Subject: Weekly report

<< File: March 2, 2001 Report.doc <<