Thanks for hosting the breakfast and for emphasizing the importance of the 
PRC process to the success of Enron.  Prior to joining Enron, I worked at two 
other companies in the mid-stream natural gas industry.  As I was listening 
to you speak about the way Enron was in the pre-PRC days (the Hay system and 
the like), memories of some of my experiences in those organizations came 
rushing back.  Although I had a number of important reasons for leaving those 
companies, the key issue in both instances was the failure of their 
performance review processes.

I share that information because I have seen both sides, the worst and now 
the best.    As with most things, those who complain or criticize often do 
not really understand or appreciate how good they have it.  Criticism is 
often fostered by a lack of understanding - - people asking "why?" in a 
destructive way.  The information you shared about the importance of the 
program to Enron,s continued success and the points you made in response to 
some of the criticisms of the process were both very important.  I will take 
your message and pass it along, however, I respectfully encourage you to do 
likewise to all of Enron.  I know you have previously stressed the importance 
of the process at numerous times and through a variety of modes of 
communication, but this morning you really gave the all-important reasons WHY.

I appreciate being selected to be on the committee and look forward to 
participating.  Thanks also your leadership, it's truly inspiring.   

Sincere regards,
Ed McMichael