Message-ID: <28554115.1075862883708.JavaMail.evans@thyme> Date: Tue, 30 Oct 2001 23:14:37 -0800 (PST) From: wjheilman@worldnet.att.net To: kenneth.lay@enron.com Subject: A dissapointed stockholder Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: "Wayne Heilman" @ENRON X-To: Lay, Kenneth X-cc: X-bcc: X-Folder: \KLAY (Non-Privileged)\Lay, Kenneth\Inbox X-Origin: Lay-K X-FileName: KLAY (Non-Privileged).pst I have been an Enron stockholder for several years and I am very disappoin= ted with the events of the last two weeks. I find the allegations of acco= unting irregularities incredible. I would like to know how closely the bo= ard had been monitoring the activities of the CFO and whether it approved = the partnerships that have led to the SEC investigation and the dramatic d= ecline in the company's stock price. I would suggest that the compensatio= n of senior management may be too heavily weighted towards bonuses (giving= some the incentive to manipulate the numbers to increase their bonuses) a= nd not heavily weighted enough towards stock options. I would hope in the= future the goals of the board and senior management will be aligned with = stockholders (increasing shareholder value). While I know it is not reaso= n to have expected the stock price to stay in the high 80s, I consider the = drop in the last two weeks (apparently as the result of fraud) to be inex= cusable. I believe the board owes all stockholders an explanation that wi= ll finally clear the air about this mess (maybe the markets will trust Enro= n again if it replaces evasion with candor). Please help return credibili= ty and ethics to this company, which apparently are badly needed. =20 Wayne Heilman Owner of 1,800 Enron shares (in my children's college fund)