Stinson,

Hedging with the underlying may be unconstitutional ever since
slavery has been abolished.

Vince





Stinson Gibner
07/13/2000 01:27 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:  
Subject: Black-Scholes meets Seinfeld

Where's the beef?

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 07/13/2000 
01:26 PM ---------------------------


Erik Simpson
07/13/2000 11:03 AM
To: Ken Rice/Enron Communications@Enron Communications, Kevin Hannon/Enron 
Communications@Enron Communications, Jim Fallon/Enron Communications@Enron 
Communications, Stinson Gibner/HOU/ECT@ECT
cc: Ben Freeman/Enron Communications@Enron Communications, Mike 
Horning/HOU/ECT@ect 
Subject: Black-Scholes meets Seinfeld

While we are in process of building this business, it is interesting to see a 
quick write up McKinsey is promulgating on Options theory applied to TV and 
Seinfeld.

I thought you guys would be interested in reading this.

Erik Simpson