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Enron Mail |
Stinson,
Thank you for following up promptly with support on Martin Lin. I spoke with Vince regarding a conversation I had with Compenstation yesterday. Compensation has recently comleted an analysis for Vince's group and determined that the appropriate salary for Managers in Research should be 90,000. The following will be his pay structure: Effective August 1, 2000 Job Title Manager Base Salary $90,000 Retention Bonus $10,000 (ending 8/1/2001) Please provide a job title that you would feel appropriate for this positon. If you would like to discuss please let me know. Norma X31545 Stinson Gibner 08/23/2000 08:46 AM To: Norma Villarreal/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT Subject: Martin Lin Norma, Thanks for your excellent suggestion of using a retention bonus for Martin Lin in order to address both the issues of compensation and retention for him. As I mentioned during our meeting, just my small team within research has lost 3 people over about the last 2 years, and we have had a hard time recruiting good candidates. Last year we made an offer to a person graduating from UT (MS in computational finance) of 75K plus 25K signing bonus. He replied that he would like to work at Enron but was already in the position of turning down an offer with a base salary above $100K. Martin is a very skilled individual with a Ph.D. in electrical engineering and almost two years experience at Enron. He would be very difficult (and expensive) to replace. For this reason I feel it necessary to be proactive in finding ways of retaining him as an employee. Please let me know if we have a green light to go forward with a 1-year retention bonus of 10K and a raise to 87K base salary for Mr. Lin. I would plan to then give Martin an additional raise at his next review period. Regards, Stinson x34748
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