Re:

his response. Jeff
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 02/06/2001 08:53 AM -----

Thor Lien
02/06/2001 02:32 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

Jeff

Bjarne was reviewed as a part of Enron Europe this time and his promotion was
based on a long period of high performance. He is viewed as one of the
most valuable people in the business and there was no controversy whatsoever
in London about his promotion. In fact I repeatedly get calls for his
services from various groups around Europe who would love to hire him if they
had the opportunity. In Oslo he has been one of the main contributors behind
most off our models, and I think that the job he has done with setting up the
Weather desk here in Oslo deserves very positive feedback, even if we didn't
make money last year. We have really moved up the deal flow and are poised
for an outstanding year 2001 in Weather.

In the future I will obviously cross check all things like this with you and
Mark, so there aren't any misunderstandings going forward.

Regards

Thor

From: Jeffrey A Shankman on 05/02/2001 17:47 CST
To: Thor Lien/OSL/ECT@ECT
cc:

Subject:

Hi Thor,

Sorry you won't make our offsite, but a little vacation every so often is
never a bad thing.
I do have a question about Bjarne's promotion to director. When I look at
the P&L for Oslo weather trading, you showed a loss of about $1 million, and
I don't think that deserves this promotion. What else does he do? I'm also
concerned that neither Mark (nor I) had any notice of this. His promotion
has caused some difficulty over here and I'd like to get this cleared up.

Jeff