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To: hueyone who wrote (447)	8/21/2002 3:01:45 PM
From: chaz	Respond to of 562

Everyone... I like the factual response from Huey, and Timba's response to Kumar. And we haven't even broached the subject of forgivable loans. So, why not outlaw both of them. If managers want to give themselves something of value, why not give them stock. That way there is a real expense recognized right now, not sometime later. Impose a three or four year hold, and the chance to cook the books probably goes away. As for the loans, there should be none for any reason. Fastow's Texas mansion, according to news reports a few weeks ago, was built with them. Would any of us agree that forgivable loans are proper uses of my company's capital? I would not. They do not align shareholder interests with management interests. Revenue swaps, hidden partnerships, the list goes on. Chaz