performance management process existing businesses grow new businesses created ease movement development top talent becomes essential success heard management conference officers titled reviewed promoted compensated according standard set guidelines process recognizes intrinsic value officer rather tying individual value specific job reporting relationship officer titling standardized throughout enron four levels officers members enron office chairman make level 4 level 3 includes members enron executive committee level 2 made managing directors including company presidents senior vice presidents level 1 vice presidents senior vice presidents grandfathered titles year common evaluation process implemented level 1 level 2 officers officers evaluated committee process referred performance review committee prc utilizing standard set performance criteria performance ratings performance committee reviews occur twice year july feedback purposes year end feedback well bonus total compensation considerations executive committee handle prc level 2 officers review level 1 officers occur business unit level first results cross calibrated 8 executive committee group approximately sixteen managing directors goals prc process insure consistent standard overall pool executive talent provide tool effectively utilize talent throughout organization promote consistency executive committee consider promotions january year exceptions internally externally infrequent individual performance evaluation starting point compensation decisions compensation includes base pay bonus long term awards long term program replaces individual business unit plans approved communicated individuals bonus payments made addition level 1 level 2 reviews business unit global corporate cross functional prc reviews directors senior directors general managers started year end process utilized benchmark determine refine evaluation process level future questions process please direct human resources business unit leads per following mary ann long gpg x 36810 david oxley ena eel global trading x 33557 ray bennett ees x 37039 robert jones global technology global finance global gwen petteway corp x 37351 asset operations global engineering construction x 35810 janie bonnard caribbean middle east scott gilchrist asia pacific africa china x 67081 lng x 68202 gerry chatham egep x 35141 miguel padron esa x 66552 marla barnard eci x 58158 ranen sengupta india x 67967 cc enron executive committee members 28599