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To: Bruce Brown who wrote (50378)	2/14/2002 6:44:16 PM
From: Thomas Mercer-Hursh	Read Replies (1) \| Respond to of 54805

Thank you, Bruce ... good to see someone else with a reasonable perspective on what it is that Directors can actually be expected to do. They have a potential for making a contribution and might perform a limited check and balance, but no Board of a large company is going to have Directors who are generally familiar with the details of the company's business.

To: Bruce Brown who wrote (50378)	2/14/2002 7:55:19 PM
From: Skeet Shipman	Respond to of 54805

Message 17059350

To: Bruce Brown who wrote (50378)	2/14/2002 8:41:57 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 54805

Bruce, The Enron witch hunt is on and now we are supposed to believe that the board members were all well aware of the derivative scandal and therefore in order to restore investor confidence we should blacklist anyone that was ever associated with Enron? No, we shouldn't. Show me one board member who publicly stands up and says "I didn't know what was going on and I should have. I now realize that. Having learned from the experience, I'm a much better director than anyone who hasn't had the sad though enlightening experience of of having lived through this debacle." The problem is that I haven't heard of any Enron board member saying anything remotely close to that. Until they do, they don't deserve a seat on any board I want to invest in. That's not blacklisting. That's determining a criterion and seeing who meets it. --Mike Buckley