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John,
We had a successful off-site in Miami this weekend. We reviewed all of the= =20 EGM businesses and our goals and objectives for 2001. I will send you a co= py=20 of the presentations for your information and review - good airplane readin= g.=20 I have had several additional discussions on our Global weather business a= nd=20 have come to a decision on how we need to run the weather business. I=20 believe that we do need 100% full time dedication from each and any employe= e=20 that is dedicated to the weather business including in the overall=20 development and execution of our global strategy and positions. I have a= =20 great deal of confidence and am holding Mark Tawney responsible and=20 accountable for extensive growth and profitability in the business on a=20 global basis. We need to hire additional people to add to grow the business in Japan and= =20 Australia. Joe and Paul are on board with this strategy and Mark will work= =20 with them to accomplish the hiring of people and needed resources. This wi= ll=20 not just be talk but we will get these people in place by specific=20 deadlines. We will pay all of those people's expenses and of course the=20 business leaders will be on board with the hiring and the weather guys will= =20 be expected to be a valuable team player and resource to their group. On the Norway front, we need to implement the same organization structure. = =20 We have talked a lot about Thor and better communication, but we need to ma= ke=20 a change. On the communication front, we will have weekly calls with him a= nd=20 the weather group to make sure that we are all on the same page and he is u= p=20 to speed with where we are going. If I am in town, I=01,ll make those call= s as=20 well. Jeff did have a video call with Thor last week to talk about his=20 email and it went well. Upon my return from London, I learned that Thor an= d=20 the London group put out a press release about putting out pricing on about= =20 1,000 new products on 15 cities and even changing the index. Neither Mark= =20 nor Jeff were even aware of this event nor was it even brought up in the ca= ll=20 as something that was going to happen. Also the hiring of Lars Elmlund as = a=20 weather originator, without any discussion, also illustrates the lack of= =20 communication or desire to work together. I am not saying that Mark or Tho= r=20 are totally to blame, they both deserve credit for not working together, bu= t =20 we are going to change the future and make sure that it will work better. = I=20 know that all of Thor's group is very loyal to Thor and the weather guys ma= y=20 not want to transition into EGM. If that is the case, we can make it work= =20 via London. I think the key is our approach to Thor and that this isn't=20 meant as a reflection on him but is a change that is consistent with how we= =20 are running all of our EGM businesses around the world. The specific weath= er=20 piece of his business is very small and isn't going to effect his P&L=20 significantly (he'll actually be net positive!). I certainly want to do this with the least impact on the rest of your=20 organization. Please give me a call and we will discuss the issues=20 surrounding this new structure and the best way to communicate it to those= =20 involved in order to implement this in the most effective manner. I am unavailable (London time) on Monday and Tuesday but will make myself= =20 available to your schedule upon my return after that. Thanks, mike PS - This email is going just to you and Jeff and won't be shared with anyo= ne=20 else.
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