Points Raised by Group
IT and Back-office systems cannot be easily divided between NewCo and OldCo.  NewCo may have to contract for services from OldCo
Need to recreate DPR post petition - must understand current position subsequent to terminations
Retention program needs to be addressed as soon as possible
Communication plan needs to be developed for OldCo employees describing current and projected benefits and any potential retention plans
Financial vehicles - detailed operating procedures need to be presented to business unit leaders so that they can effectively deal with those assets in the vehicles
Legal - must determine what we can and cannot do - as limited by the DIP financing and bankruptcy proceedings
Must review global list of entities to ensure proper legal and operational shutdown of those entities
Identify tax and finance on team matrix
Define internal process for approval for disposition of positions, assets and businesses
Ensure that everyone understands the 
Clarify who is working on ECTRIC and how they will be compensated
How can we contract/hire employees who we have been laid off but are now needed for the workout.  Can we set up a way to have an abbreviated redeployment 
Administrative items - consolidation of work space and utilization of cell phones, pda, etc.


Action Items
Business unit plans by next Friday
Business unit leader meetings every Tuesday and Thursday @ 9:00 am
Address and clear above items - JF


Any questions, give me a call.

Regards,

Jim