Mr. Lay,  =09My name is Stephen Perich and I am an analyst working in Gas Trading.
I=  just wanted to write you and give you an update on the mood here on the fl= oor, which I expect can be found throughout the company given the current s= ituation.
Although we continue to work and perform our jobs, I have been h= earing some comments that suggest some people might be giving up.
When sma= ll problems arise, one can hear, "Don't worry about it, it doesn't matter n= ow anyway."
That kind of attitude at this time is detrimental, what we sho= uld be seeing is extra effort to try and reverse the situation.
=20 =09I would never presume to know how a CEO should act in these circumstance= s.  In fact, I know that you must have a good idea how to handle these situ= ations, or you would not be the leader of this great company.
However, I d= o know that you are still our leader, and we look to you and trust you to d= o your best.
I have faith that you are doing your best, and I can imagine = how difficult your job is right now.
But I think there are some who might = be starting to question management's decisions, and even if those decisions=  are contingent upon a concern for the employees' interests.
I think this = can be solved through one of our core values, COMMUNICATION.
I am sure tha= t whatever is going on right now is speculative and that no one is sure of = anything, and that is exactly what we are hearing from CNBC.
But I don't t= hink that the employees want to hear it from CNBC, they would like to hear = it from their leader.
Even if nothing is concrete, you have no definitive = answers, and you really have no idea what is going to happen, just send us = an email saying, "I know you are all on edge about what is going on, but ri= ght now I have nothing concrete to report, I have no definitive answers, an= d I really don't have any idea what will happen, but I will let you know as=  soon as I do."
I can't emphasize how much it would mean for the employees=  to hear that.
=20 =09I also would like to thank you for your hard work, I can imagine you are=  enduring stress which none of us are familiar with.
But please remember t= hat you are CEO for a reason, be confident in your abilities and in those o= f you subordinates, and continue to work hard.
Thanks again and good luck.=

Employee Morale