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To: Karen Lawrence who wrote (145046)	1/21/2002 4:13:09 PM
From: GraceZ	Respond to of 436258

Pointing out problems to Lay and Skilling in that memo that would become public was probably the best move she could have made. It shows her to be insightful, loyal, skillful, multitasking, bright and helpful. You could look at it that way and you could also interpret it as her covering her own butt in advance of the chit hitting the fan. I believe, but I'm not entirely certain, that it was her letter that was leaked early on to the WSJ which then started everyone asking questions about the arrangements between Enron with the partnerships in the first place.

To: Karen Lawrence who wrote (145046)	1/21/2002 6:02:35 PM
From: Oblomov	Respond to of 436258

I agree that Ms. Watkins was not a whistle-blower per se. There could have been some "CYA" motivation in writing the memo, but I'm inclined to assume that people, even VPs of corporate development at Enron, have good intentions. But, it's clear to me that the first few paragraphs of her memo did nothing to help her case. She made a sarcastic reference to those who became rich over the past few years, and to the circumstances surrounding Skilling's departure. These statements personalize issues that don't need to be personalized. Especially when she goes on to make a very cogent argument regarding the accounting malfeasance at Enron. Maybe it's just me, but I never liked the term "multitasking", except in its computing sense. The metaphor doesn't do justice to the true potential of the mind, IMO...