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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Kay Mann X-To: Roseann Engeldorf X-cc: X-bcc: X-Folder: \Kay_Mann_June2001_3\Notes Folders\Sent X-Origin: MANN-K X-FileName: kmann.nsf For those who don't think we are balance sheet sensitive... ---------------------- Forwarded by Kay Mann/Corp/Enron on 04/18/2001 10:04= =20 AM --------------------------- Yahoo! Finance <refertofriend@reply.yahoo.com< on 04/18/2001 09:43:25 AM Please respond to carlos.sole@enron.com To: kay.mann@enron.com cc: =20 Subject: Yahoo! Finance Story - Yahoo - Enron CEO uses vulgarity in attack = on=20 fund manager c sole (carlos.sole@enron.com) has sent you a news article=20 Personal message:=20 Yahoo - Enron CEO uses vulgarity in attack on fund manager http://biz.yahoo.com/rf/010417/n17603037_2.html=20 =09Finance Home Yahoo! - Help=09 [ Latest Headlines | Market Overview | News Alerts ] Related Quotes ENE 60.49 +0.49 delayed 20 mins - dis! claimer Tuesday April 17, 7:29 pm Eastern Time Enron CEO uses vulgarity in attack on fund manager (UPDATE: Adds share price, paragraph 15) By C. Bryson Hull HOUSTON, April 17 (Reuters) - Enron Corp.'s (NYSE:ENE - news) top executive= =20 on Tuesday publicly fired off the same vulgarity that brought President=20 George W. Bush embarrassing headlines when he unwittingly uttered it in fro= nt=20 of an open microphone last fall. But unlike Bush, Enron President and Chief Executive Officer Jeff Skilling= =20 says he knew the microphone was on when he called a fund manager an=20 ``asshole'' during a conference call to discuss first-quarter earnings with= =20 analysts. Bush made headlines on the campaign trail last year when he remarked to Vic= e=20 President Dick Cheney that a New York Times reporter was a ``major-league= =20 asshole,'' not knowing that a microphone had picked up his remark. Skilling laid down the insult after an exchange with Richard Grubman,=20 managing director of Highfields Capital Management in Boston, who asked to= =20 see Enron's balance sheet and was told it would not be available until its= =20 inclusion in a Securities and Exchange Commission filing later this month. ``You're the only financial institution that can't come up with balance she= et=20 or cash flow statement after earnings,'' Grubman grumbled. ``Well, thank you very much, we appreciate that. Asshole,'' Skilling=20 responded with a laugh. Skilling, whose candor frequently gives his public relations staff fits, to= ld=20 Reuters in a telephone interview that he knew the microphone was on. ``The specific fellow that I was not real happy with is a shortseller in th= e=20 market. I don't think it is fair to our shareholders to give someone a=20 platform like that they are using for some personal vested interest related= =20 to their stock position,'' Skilling told Reuters in an interview. ``I get a little exasperated with that sort of thing, and I want people to= =20 know I am exasperated,'' he said. Grubman said he felt ``pretty thin-skinned'' about the remark. He disputed Enron's assertion the balance sheets and cash flow statements= =20 were not ready yet, particularly in light of Skilling's mention during the= =20 call that Enron reconciles its credit risks and trading book daily. ``I'm sort of at a loss as to why that was such an objectionable question,'= '=20 Grubman said, adding: "He's got some nerve. He and his management team sold 7 million shares into= =20 the market last year, so he's plugged the market for a half a billion dolla= rs=20 worth of stock valued in the $70s and $80s. ``Now the stock is the high $50s-low $60s and I'm an asshole because I ask= =20 about the balance sheet?'' Enron's shares closed at $60, up 56 cents, on the New York Stock Exchange o= n=20 Tuesday, after reporting better-than-expected first-quarter earnings.=20 Email this story - Most-emailed articles - Most-viewed articles More Quotes and News:=09Enron Corp (NYSE:ENE - news) =09Related News Categories: oil/energy, US Market News, utilities Help Copyright =01, 2001 Yahoo! Inc. All rights reserved. Privacy Policy - Terms= of=20 Service=20 Copyright =01, 2001 Reuters Limited. All rights reserved. Republication or= =20 redistribution of Reuters content is expressly prohibited without the prior= =20 written consent of Reuters. Reuters shall not be liable for any errors or= =20 delays in the content, or for any actions taken in reliance thereon.=20 Questions or Comments?
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