Louise, sorry, I just received your note.  

The extent of any discussion was Dave thanking me over the phone for the inputs and recognizing that he and John incorporated some of the content.    We've never had what I had been expecting, or at least presumed appropriate i.e., prior to any formal decision for the region, entertaining an in-person detailed discussion of the examples and recommendations - including a welcome cross examination of my observations that might conflict with official report or view.  

John and Dave asked me to talk with Brett, Kish and Gonzalez, but if you look at my recommendations and also consider the overall performance in the region does this make the best sense?   I've done this again and, in fact, had already introduced my ideas to each of them and the previous system prior to forwarding them to Houston.  

Prior to having to leave Enron, I wanted to make a best effort to get the authority to execute the recommendations I've pretty consistently introduced since joining in late 1998 and tried to get Enron to implement under the previous management.    I have not had the opportunity to manage or influence the company's operations in South America - this is my fault for not negotiating a more senior position, but I made the attempt in the region and more recently with the new managers to demonstrate a need to open constructive, critical discussion. 

Anyway, I've tried to open the door to John, Dave and you and others who are interested to brainstorm inlcuding the leadership in place in ESA to understand and perhaps leverage my applied experience - both trading, origination and, importantly, cultural.  My resume below should attest to my capabilities - at least in terms of the potential value of my observations.  

Thank you for your efforts extended in my behalf and good luck in your new position and working within Enron's unique, dynamic ethic.

D'Arcy


 





Louise Kitchen@ECT
02/09/2001 01:46 PM
To:	D'Arcy Carroll/SA/Enron@ENRON
cc:	 

Subject:	Re: Brazil Commercial - ** Update Version, delete previous **   

I have spoken to John Lavorato on this and he says that Dave and John have already spoken to you on this.  Do we still need to meet as I have no different opinion to them at this time.

Louise



D'Arcy Carroll@ENRON
02/09/2001 11:13 AM
To:	Louise Kitchen@ECT
cc:	 

Subject:	Brazil Commercial - ** Update Version, delete previous **


Louise,  

This is a lot of text including the attatched files, but is the summary gist of what I have tried to communicate internally and am asking to discuss with you this morning.  

---------------------- Forwarded by D'Arcy Carroll/SA/Enron on 02/09/2001 02:14 PM ---------------------------


D'Arcy Carroll
11/09/2000 06:20 PM
To:	David W Delainey@ECT, John J Lavorato/Corp/Enron@Enron
cc:	Kay Chapman@ECT 

Subject:	Brazil Commercial - ** Update Version, delete previous **

David/John - understand the trip will be delayed.    

Proposal Outline has two texts - I. Commercial Strategy and II. Historical Perspective.  The Org Charts will need some discussion - particularly in regard to the strengths and weakness of employed personnel and urgent need for an improved structure. 

Over the FH 2000 and within the new structure with Brett and Joao Carlos Albuquerque in place, the Wholesale group and Trading desk seems to have made some important strides forward in terms of recruiting some good individuals and, in trading terms,  finally executing some fundamental market supply, demand and transmission analysis. 

To get into the game quickly and aggressively, though, I think the commercial group needs to hire some senior, local trading expertise.  I apoligize, but was unable to get in contact with either of these two guys to set up a possible meeting this week.  However, they have the local knowledge, trading competencies and management experience which I consider needed to catalyze the regional effort: 

Axel Hinsch	- 	Argentine and Cargill employee with several years and broad commodity and financial trading, business development and management 			experience, including senior trader for the Bear Stearns Emerging Markets equity desks in the late 1980s/early 1990s. Straight up, no ego
			Argentine Country Manager. 

Mark Hoffman	-	Swiss/Brazilian and Glencore employee with several years energy, energy distribution and sugar sector experience; applied commodity 			and financial arbitrage experience in the Brazilian market.   Lot less straight forward, but applied knowledge and expertise.
			Senior Originator/Trader.

Please forward any input about your interest in scheduling a meeting either open here or in Houston during the week of Nov 20. 

  

For some perspective on my experience at Enron, let me explaing that I have been working in Enron Networks in the region from Q2 '00 and therefore much less formally invovled with the trading (Brazil spot market) and Wholesale pricing, tarrif issues etc.,.. than at the end of FY1999 when I was directly involved in developing our effort to get in the game in understanding the spot price formula calculations and exploring arbitrage opportunities in the wholesale market.   

I've attached my resume for some perspective on my background and capability to critically review the commercial (trading and marketing) and managerial issues involving the past and future opportunities. 


 









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