Message-ID: <10862380.1075845191558.JavaMail.evans@thyme> Date: Thu, 31 May 2001 11:32:07 -0700 (PDT) From: lee.papayoti@enron.com To: kenneth.lay@enron.com Subject: Thank You, Also!! Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Papayoti, Lee X-To: Lay, Kenneth X-cc: X-bcc: X-Folder: \Lay, Kenneth\Lay, Kenneth\Inbox X-Origin: LAY-K X-FileName: Lay, Kenneth.pst Ken I know it has been several years since we spoke, but I wanted to thank you = for your kind note, and to personally thank you for the opportunities that = Enron has provided to me over the years. I am one of those few who was already with HNG in 1984, and still vividly r= emember the day that you arrived. The building was immediately permeated b= y a sense of urgency and excitement. That pace was relentless - and addict= ive. I also remember in detail the Internorth merger in 1985, and feel pro= ud to have played a part, however small it was, in that transaction. The late 1980's and the early 1990's will probably always be my favorite ye= ars of my working life. There were so many initiatives in Enron in their i= nfancy. Although it was an initiative that faced insurmountable economics = and ultimately failed, I am grateful that Enron gave me the opportunity to = participate in the natural gas vehicle adventure. I never really understoo= d until that adventure the full meaning of the old axiom that the lessons l= earnt best are those learnt from adversity and from making mistakes!! I will try to remember Enron with those years through the mid-1990's in min= d. I have to say that I consider those to be the best years, because I hav= e witnessed a degradation of the corporate culture in the past few years. = That is clearly a subjective assessment, and should be treated as such. I = am under no illusions: Enron is a business entity operating in markets and= environments that are relentlessly competitive, with a primary responsibil= ity to its shareholders. But I and many of my colleagues who also have lon= g tenure at Enron and its predecessors share this assessment. I am always = amused by the irony of the stated value "Ruthlessness, callousness and arro= gance do not belong here", since these appear to be the key defining person= al characteristics of most of the senior management of ENA in recent years. And unfortunately, the very sale of HPL by Enron has been for some an examp= le of the degradation of corporate culture. For myself, I know what to exp= ect - I know that with corporate divestitures comes the need to control inf= ormation as the transaction evolves. But for the "rank and file" - those w= ho live from paycheck to paycheck - it has not been a pleasant experience. = They maintained their professionalism (indeed many of them probably worked= harder than anybody else to make the transaction happen). In return, ther= e has been an appalling lack of timely information and misinformation from = Enron management and HR department with respect to their benefits and caree= r choices. HR in particular has been totally non-responsive to individual = inquiries in the past few months - not returning phone calls and emails fro= m HPL employees with questions, even after the transaction was announced. = Even as recently as the past couple of days, only upon receipt of their ter= mination packages did several dozen employees discover that they had been m= isinformed by HR with respect to some aspects of their remaining Enron bene= fits. For myself, my years at Enron will remain a high point of my career. It is= a badge of honor in the energy industry to have been a dealmaker at Enron,= particularly for as many years as I was there. I know Enron will continue= to set the standards by most measures in this industry, and, for what its = worth, I humbly wish you continued success. Thanks Lee Papayoti ---------------------- Forwarded by Lee L Papayoti/HOU/ECT on 05/31/2001 11= :53 AM --------------------------- From:=09Kenneth Lay/ENRON@enronXgate on 05/30/2001 03:00 PM To:=09Tom Acton/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Amelia Alland/H= OU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Aric Archie/NA/Enron@Enron, Karl E A= tkins/NA/Enron@ENRON, Jeffrey A. Austin/ENRON@enronXgate, Henry Batiste/HOU= /ECT@ECT, Rusty Belflower/NA/Enron@ENRON, Daxa Bhavsar/ENRON@enronXgate, Mi= chael C Bilberry/HOU/ECT@ECT, Brad Blevins/HOU/ECT@ECT, Debbie Boudar/NA/En= ron@ENRON, Greg Brazaitis/HOU/ECT@ECT, Willie Brooks/NA/Enron@Enron, Rosa B= rown/Corp/Enron@Enron, Jerry Bubert/NA/Enron@Enron, Esther Buckley/HOU/ECT@= ECT, Candy Bywaters/ENRON@enronXgate, Bob Camp/GCO/Enron@Enron, Howard B Ca= mp/HOU/ECT@ECT, Molly L Carriere/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, Ni= ck Cocavessis/ENRON@enronXgate, Jane Coleman/ENRON@enronXgate, Mary Comello= /Corp/Enron@Enron, Robert Cook/HOU/ECT@ECT, William D Cosby/GCO/Enron@Enron= , Paul Couvillon/Corp/Enron@Enron, Robert Crockett/HOU/ECT@ECT, Calvin Dodd= /GCO/Enron@Enron, James I Ducote/HOU/ECT@ECT, Cheryl Dudley/HOU/ECT@ECT, La= l Echterhoff/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT, Anita Eisenbrandt/ENRO= N@enronXgate, Melanie Facundo/HOU/ECT@ECT, Bob Fisher/NA/Enron@Enron, Irene= Flynn/HOU/ECT@ECT, J R Fosdick/GCO/Enron@Enron, Melissa Graves/ENRON@enron= Xgate, Ron Green/HPL/Enron@Enron, Rebecca Griffin/NA/Enron@Enron, Karen Gru= esen/ENRON@enronXgate, James R Haden/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@= ECT, John Handley/HOU/ECT@ECT, Gary A Hanks/HOU/ECT@ECT, Reid Hansen/GCO/En= ron@Enron, Cathy L Harris/HOU/ECT@ECT, Ana Maria Hernandez/ENRON@enronXgate= , Katherine Herrera/Corp/Enron@ENRON, Lisa Hesse/HOU/ECT@ECT, Nathan L Hlav= aty/HOU/ECT@ECT, Charles Howard/NA/Enron@ENRON, Trisha Hughes/HOU/ECT@ECT, = Monica Jackson/Corp/Enron@ENRON, Kenneth W Kaase/HOU/ECT@ECT, Kevin Kuehler= /Corp/Enron@ENRON, Gary W Lamphier/HOU/ECT@ECT, Nancy Landry/ENRON@enronXga= te, Stacy Lesmeister/ENRON@enronXgate, Wayne E Lightfoot/ENRON@enronXgate, = Gerald Lofton/HOU/ECT@ECT, Blanca A Lopez/ENRON@enronXgate, Bac Thi Ly/GCO/= Enron@Enron, Sean Maki/ENRON@enronXgate, Juanita Marchand/HOU/ECT@ECT, Cher= yl Marshall/HOU/ECT@ECT, Eric Mason/Enron Communications@Enron Communicatio= ns, Saidia Matthews/NA/Enron@ENRON, Mark McCoy/Corp/Enron@Enron, Theresa Mc= Kinney/HOU/ECT@ECT, Constance McKinsey/ENRON@enronXgate, Julie Meyers/HOU/E= CT@ECT, Yvette Miroballi/ENRON@enronXgate, Jack Mitchell/ENRON@enronXgate, = Michael W Morris/HOU/ECT@ECT, Travis Moss/NA/Enron@Enron, Joanie H Ngo/HOU/= ECT@ECT, Thu T Nguyen/HOU/ECT@ECT, Michael Olsen/ENRON@enronXgate, Lee L Pa= payoti/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON, Jennifer D Pattison/HOU/= ECT@ECT, Dena Pawlowski/ENRON@enronXgate, Eugene Peabody/GCO/Enron@Enron, J= ack Peebles/ENRON@enronXgate, Adriana Peterson/HOU/ECT@ECT, John Peyton/HOU= /ECT@ECT, Mary Poorman/NA/Enron@Enron, Tess Ray/ENRON@enronXgate, Brian Red= mond/ENRON@enronXgate, Donald P Reinhardt/ENRON@enronXgate, Charlene Richmo= nd/HOU/ECT@ECT, Chris Riegler/Corp/Enron@Enron, Brian M Riley/HOU/ECT@ECT, = Leslie Robinson/Corp/Enron@ENRON, Carlos J Rodriguez/HOU/ECT@ECT, Robert Ro= se/NA/Enron@ENRON, Barbara Sargent/HOU/ECT@ECT, Vicente Sarmiento/GCO/Enron= @Enron, Steve HPL Schneider/HOU/ECT@ECT, Tom Shelton/HOU/ECT@ECT, Jack Simu= nek/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Susan Smith/ENRON@enronXgate, Ke= nny J Soignet/HOU/ECT@ECT, Karl Stewart/HOU/ECT@ECT, Vance L Taylor/ENRON@e= nronXgate, Edward Terry/HOU/ECT@ECT, Yolanda S Thomas/ENRON@enronXgate, Joh= n Towles/NA/Enron@ENRON, Keith Tyree/NA/Enron@ENRON, Kimberly Vaughn/HOU/EC= T@ECT, Elsa Villarreal/HOU/ECT@ECT, Joyce Viltz/ENRON@enronXgate, Judy Walt= ers/ENRON@enronXgate, Michael Walters/HOU/ECT@ECT, Katie Washington/NA/Enro= n@Enron, George Weissman/HOU/ECT@ECT, Emma Kam Welsch/HOU/ECT@ECT, Larry Wh= ite/Corp/Enron@ENRON, Bud Wolcott/Corp/Enron@ENRON, Erica Wright/ENRON@enro= nXgate, Sabrae Zajac/HOU/ECT@ECT, Joe Zernicek/GCO/Enron@Enron cc:=09=20 Subject:=09Thank You I want to take this opportunity before the transfer of Houston Pipeline Com= pany assets and employees to American Electric Power to thank each of you f= or your teamwork and success in our years together. Some of you were here when I joined your company in 1984, but many of you a= rrived during the Enron era and might not know the full story of my arrival= . I was president of Transco Energy at the time and was probably in line t= o be the chairman. I did not expect to ever join another energy company. = Yet the directors of Houston Natural Gas felt like a new management team wa= s needed for their company to prosper in a rapidly changing industry enviro= nment. The quality of people I saw at HNG convinced me that the company wo= uld be a good platform from which to make major changes. And the results o= ver the last 17 years could not have been better. Houston Pipeline Company has been a major contributor to developing Enron i= nto what it is today. Your professionalism, ideas, dedication and commitme= nt toward this company have been instrumental in making our success possibl= e. For this, you will not only be a critical part of Enron's history, but = you will also always deserve Enron's gratitude. I wish you nothing but the very best in your next endeavors, even as I am s= ure you will not need my good luck wishes. As always, your professionalism= and dedication will be your best allies when facing new challenges and opp= ortunities. Sincerely, =20