 Additionally, the stake gave Enron the right to appoint 3 of the 4 directors in EPE's Board of Directors.The plant was having technical and environmental problems and Enron wanted to reduce its stake but had difficulty finding a buyer.Via a confusing and obscuring sequence of employees working for various subsidiaries, LJM1 "agreed" to purchase a 13% stake in EPE from Enron with the additional stipulation that LJM1 would gain control of one of Enron's 3 slots in EPE's Board.