RE: ,
 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
a..shankman@enron.com