Message-ID: <16535833.1075862310710.JavaMail.evans@thyme> Date: Tue, 20 Nov 2001 10:51:12 -0800 (PST) From: m.hall@enron.com To: sally.beck@enron.com Subject: FW: New Enron methodology Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Hall, Bob M X-To: Beck, Sally X-cc: X-bcc: X-Folder: \SBECK (Non-Privileged)\Beck, Sally\Inbox X-Origin: Beck-S X-FileName: SBECK (Non-Privileged).pst I saw this the other day. The fun is just beginning. bob -----Original Message----- From: Reeves, Leslie Sent: Tuesday, November 20, 2001 12:45 PM To: Hall, Bob M Subject: FW: New Enron methodology Had to share this one with you. -----Original Message----- From: Evans, Casey Sent: Tuesday, November 20, 2001 10:50 AM To: Dahlke, Andrea; Albrecht, Kristin; Vinson, Donald Wayne; Hiemstra, Nick; Reeves, Leslie Subject: FW: New Enron methodology now the jokes are starting.... -----Original Message----- From: Jason Ervin @ENRON Sent: Tuesday, November 20, 2001 10:14 AM To: Casey Evans (E-mail) Subject: FW: New Enron methodology Subject: New Enron methodology 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.