Message-ID: <27164849.1075840327641.JavaMail.evans@thyme> Date: Fri, 1 Feb 2002 18:59:21 -0800 (PST) From: shannontyer@email.msn.com To: don.baughman@enron.com Subject: Re: HOW TEXANS EXPLAIN ENRON'S BUSINESS Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "shannontyer" @ENRON X-To: Baughman Jr., Don X-cc: X-bcc: X-Folder: \ExMerge - Baughman Jr., Don\Deleted Items X-Origin: BAUGHMAN-D X-FileName: don baughman 6-25-02.PST Sorry I didn't get back with you sooner! I didn't check my e-mail until last night (Thurs). I did try to call you on Sunday, but I hung up when I remembered you were with the guys! It wasn't a big deal! I hope you have a good weekend! Shannon:) ----- Original Message ----- From: To: Sent: Monday, January 28, 2002 2:44 PM Subject: RE: HOW TEXANS EXPLAIN ENRON'S BUSINESS > This is very good, just like the real thing! Did you try to call my cell > yesterday, it rang and your cell number popped up on the caller ID but when > I answered there was no reponse. I hope that you know that it is OK for > you to call me when you want to. Drop me a line or call and tell me what > night is good for you this week. > > Take care, > > Don > -----Original Message----- > From: "shannontyer" @ENRON > Sent: Sunday, January 27, 2002 10:51 PM > To: Kari Tracey; Baughman Jr., Don > Subject: Fw: HOW TEXANS EXPLAIN ENRON'S BUSINESS > > > > ----- Original Message ----- > From: Milly Jeffers << File: mailto:mjeffers@texed.net >> > To: Undisclosed-Recipient:; << File: mailto:Undisclosed-Recipient:; >> > Sent: Saturday, January 26, 2002 6:51 PM > Subject: Fw: HOW TEXANS EXPLAIN ENRON'S BUSINESS > > Subject: ENRON'S BUSINESS > Feudalism - You have two cows. Your lord takes some of the milk. > Fascism - You have two cows. The government takes both, hires > you to take care of them, and sells you the milk. > Communism - You have two cows. Your neighbors help take care > of them and you share the milk. > Totalitarianism - You have two cows. The government takes > them both and denies they ever existed and drafts you into the > army. Milk is banned. > Capitalism - You have two cows. You sell one and buy a > bull. Your herd multiplies, and the economy grows. You sell them > and retire on the income. > Enron Venture Capitalism - You have two cows. You sell > three of them to your publicly listed company, using letters of > credit opened by your brother-in-law at the bank, then execute > debt/equity swap with an associated general offer so that you get > all four cows back, with a tax exemption for five cows. The milk > rights of the six cows are transferred via an intermediary to a > Cayman Island company secretly owned by the majority shareholder > who sells the rights to all seven cows back to your listed > company. The annual report says the company owns eight cows, with > an option on one more. > > > > > ********************************************************************** > This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. > ********************************************************************** > >