-----Original Message-----
From: Bushman, Teresa G. 
Sent: Thursday, November 1, 2001 6:19 PM
To: Davis, Angela; Gray, Barbara N.; Koehler, Anne C.
Subject: FW: FW: How Our Economy and Others Progress (Using Cows As An Example)
 
 
-----Original Message-----
From: Fowler, Ellen 
Sent: Thursday, November 01, 2001 5:51 PM
To: Bushman, Teresa G.
Subject: FW: FW: How Our Economy and Others Progress (Using Cows As An Example)
 
-----Original Message-----
From: Wadlington, Mark 
Sent: Thursday, November 01, 2001 1:58 PM
To: Terp, Brian; Durst, Philip; Vetters, Charles; Sheldon, Steven; Fowler, Ellen
Subject: FW: FW: How Our Economy and Others Progress (Using Cows As An Example)
 
-----Original Message-----
From: King, John 
Sent: Thursday, November 01, 2001 1:53 PM
To: Desai, Jayshree; Wadlington, Mark; Donahue, Jeff; Taylor, Sarah
Subject: FW: FW: How Our Economy and Others Progress (Using Cows As An Example)
John King 
Enron Corp. 
john.king@enron.com 
(713) 853-7810 
-----Original Message-----
From: Chris Loehr [mailto:chris_loehr@hotmail.com]
Sent: Thursday, November 01, 2001 1:34 PM
To: benpritchett@yahoo.com; King, John; adam.borgatti@nbfinancial.com; grant.carter@mba02.bus.utexas.edu
Subject: Fwd: FW: How Our Economy and Others Progress (Using Cows As An Example)
Make sure to read to the end about the Enron version... 
>From: "Caudell, Greg" 
>To: "Baker, Marilyn N" , "Chris Loehr (E-mail)" , "Margarita Jannasch (E-mail)" , "Milson Mundim (E-mail)" , "Gandy, Mark" , "Freeland, Clint" 
>Subject: FW: How Our Economy and Others Progress (Using Cows As An Example) 
>Date: Wed, 31 Oct 2001 14:35:20 -0600 
> 
> 
>Social Studies: Some Useful Definitions 
> 
> 
> 
> 
> 
>Feudalism 
>You have two cows. 
>Your lord takes some of the milk. 
> 
> 
>---------- 
> 
> 
> 
>Fascism 
>You have two cows. 
>The government takes both, hires you to take care of them and sells you 
>the milk. 
> 
> 
>---------- 
> 
> 
> 
>Pure Communism 
>You have two cows. 
>Your neighbors help take care of them and you all share the milk. 
> 
> 
>---------- 
> 
> 
> 
>Applied Communism 
>You have two cows. 
>You must take care of them, but the government takes all the milk. 
> 
> 
>---------- 
> 
> 
> 
>Totalitarianism 
>You have two cows. 
>The government takes them both and denies they ever existed. 
>Milk is banned. 
> 
> 
>---------- 
> 
> 
> 
>Pure Democracy 
>You have two cows. 
>You and your neighbors decide who gets the milk. 
> 
> 
>---------- 
> 
> 
> 
>Representative Democracy 
>You have two cows. 
>Your neighbors pick someone to tell you who gets the milk. 
> 
> 
> 
> 
> 
> 
>Mexican Democracy 
>You have two cows. 
>The government takes both and drafts you into the army. 
> 
> 
>---------- 
> 
> 
> 
>European Democracy 
>You have two cows. 
>The EU commission decides which regulations for feeding and milking 
>apply. 
>If there aren't any, they invent some. 
>They pay you not to milk the cows. 
>They take both cows, shoot one, milk the other and pour the milk down 
>the drain. 
>They then require you to fill out forms accounting for the missing cows. 
> 
> 
>---------- 
> 
> 
> 
>American Democracy 
>The government promises to give you two cows, if you vote for it. 
>After the election, the president is impeached for speculating in cow 
>futures. 
>The press dubs the affair "cowgate," but supports the president. 
>The cows sue you for breach of contract. 
>Your legal bills exceed your annual income. 
>You settle out of court and declare bankruptcy. 
> 
> 
>---------- 
> 
> 
> 
>Capitalism 
>You have two cows. 
>You sell one and buy a bull. 
>Your herd multiplies, and the economy grows. 
>You sell them and retire on the income. 
> 
> 
>---------- 
> 
> 
> 
>Enron Venture Capitalism 
>You have two cows. 
>You sell three of them to your publicly listed company, using letters of 
>credit opened by your brother-in-law at the bank, then execute a debt/ 
>equity swap with an associated general offer so that you get all four 
>cows back, with a tax exemption for five cows. The milk rights of the 
>six cows are transferred via an intermediary to a Cayman Island company 
>secretly owned by the majority shareholder who sells the rights to all 
>seven cows back to your listed company. The annual report says the 
>company owns eight cows, with an option on one more. 
>(See attached file: header.htm) 
> 
> 
> 
> 
>********************************************************************** 
>This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. 
>********************************************************************** 


  _____  

Get your FREE download of MSN Explorer at http://explorer.msn.com <http://go.msn.com/bql/hmtag_itl_EN.asp>