
Date: Wed, 6 Jun 2001 11:12:00 -0700 (PDT)
From: christian.yoder@enron.com
To: tracy.ngo@enron.com, john.malowney@enron.com
Subject: RE: Ash Grove Cement Company - deal booked without approval
Cc:  william.bradford@enron.com, greg.wolfe@enron.com,
chris.foster@enron.com, tim.belden@enron.com
Bcc:  william.bradford@enron.com, greg.wolfe@enron.com,
chris.foster@enron.com, tim.belden@enron.com

I agree with and support  what Tracy is saying in her message below. However,
in one regard, I would say it a little differently.  Legal was not
"instructed" by anyone to approve any confirms.  I discussed the deal with
both John and Mike and it was my understanding that the long term deal was
conditional upon Ashgrove signing the EEI.  To me, (and this is where I think
my understanding was identical with Tracy's)  this meant that the long term
deal would not be booked until the EEI was signed. I was led to believe that
Ashgrove would indeed sign the paper yesterday and we faxed a complete set
of   documents signed by Tim up to them in mid afternoon with instructions
for them to return fully signed copies.     They did not sign the paper and
the deal has been booked.  Somehow, our teamwork process didn't work and we
got the booking ahead of the signing and this is a process issue which we
must all strive to address more effectively.  ----cgy

