Yep

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax


____________________Reply Separator____________________
Subject:    RE: Time Warner
Author: "Jeff.Dasovich@enron.com" <SMTP:Jeff.Dasovich@enron.com>
Date:       05/01/2001 12:44 PM

So was his angle, the shareholders should take the $175 and run?




Dylan Windham

<dwindham@uclink4.ber        To:     "Guinney, Mark"

keley.edu>
<Mark_Guinney@watsonwyatt.com>,
"
\"Jeff.Dasovich@enron.com\"
"

05/01/2001 11:39 AM          <Jeff.Dasovich@enron.com>,
"\"JcjCal02@aol.com\"
" <JcjCal02@aol.com>

cc:
"\"guinney@haas.berkeley.edu\" "

<guinney@haas.berkeley.edu>, "


\"jjackson@haas.berkeley.edu\"
"

<jjackson@haas.berkeley.edu>

Subject:     RE: Time
Warner







Remember, we wrote it from the selfish standpoint of the Time CEO.




At 09:14 AM 05/01/01 -0400, Guinney, Mark wrote:
>Seeing as our recommendation in the memo was counter to everything our
>beloved
>professor supported, it will be interesting to see how he grades us on
this
>one.
>
>**********************************************
>Mark D. Guinney, CFA
>Consultant
>Watson Wyatt Investment Consulting
>345 California Street, Ste. 1400
>San Francisco, CA  94104
>(415) 733-4487 ph.
>(415) 733-4190 fax