Message-ID: <10680793.1075861525405.JavaMail.evans@thyme> Date: Tue, 20 Nov 2001 11:18:46 -0800 (PST) From: jim.fallon@enron.com To: a..shankman@enron.com Subject: RE: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Fallon, Jim X-To: Shankman, Jeffrey A. X-cc: X-bcc: X-Folder: \JSHANKM (Non-Privileged)\Shankman, Jeffrey A.\Deleted Items X-Origin: Shankman-J X-FileName: JSHANKM (Non-Privileged).pst Mike said in the budget meeting that it bleeds every day and we cannot get off of it - I did not understand what that meant. -----Original Message----- From: Shankman, Jeffrey A. Sent: Tuesday, November 20, 2001 1:17 PM To: Fallon, Jim Subject: RE: what do you mean? -----Original Message----- From: Fallon, Jim Sent: Tuesday, November 20, 2001 1:15 PM To: Shankman, Jeffrey A. Subject: RE: What is going with the crude position? -----Original Message----- From: Shankman, Jeffrey A. Sent: Tuesday, November 20, 2001 1:01 PM To: Joyce, Mary; Fallon, Jim Cc: Oxley, David; Whalley, Greg Subject: As you guys go through working up a severance program, I started thinking about some equity issues. If the average tenure of an employee at Enron is about 3 years, why not come up with 2 plans--1 for long serving employees who have been long dedicated to the company, and a second one for the more recently hired? It doesnt' make sense to me that someone who has been here under a year at $100,000 base should be entitled to 11 weeks even before they sign the waiver. I would also not change the program in whatever form you ultimately settle on for the longer serving employees, rather just scale back the program for the newer employees. Regards, Jeff