Ny-18 Sean Maloney & the Enron Jobs Model

I hinted a bit at some claims by Sean Man­hat­tan Trans­fer Mal­oney as being a part of a com­pany that cre­ated 100’s of jobs.

Turns out this com­pany is called Kiodex, Inc., a risk man­age­ment firm.

Well yeah Risk man­age­ment finan­cial sec­tor, I’m sure this is a great com­pany, hir­ing great peo­ple, mak­ing great finan­cial deci­sions for its investors as per their great own­ers like…Enron?

In fact it turns out that not only did Enron own part of his com­pany, but Kiodex had a deal whereby Kiodex could mar­ket its ser­vice THROUGH Enron

Kiodex, Inc., a provider of web-​based risk man­age­ment and trad­ing sys­tems, today announced the sign­ing of a defin­i­tive agree­ment to mar­ket the Kiodex Risk Work­bench℠ in con­junc­tion with EnronOn­line.

and Pro­vide risk analy­sis to cus­tomers of Enron

EnronOn­line cus­tomers will soon have a new risk analy­sis option when trad­ing com­modi­ties online. The Enron site, which has trans­acted more than $485 bil­lion in com­modi­ties prod­ucts since its launch in Novem­ber 1999, is team­ing up with Kiodex to pro­vide cer­tain func­tion­al­i­ties of its soon to be released Risk Work­bench to EnronOn­line users. Start­ing in the sec­ond half of this year, EnronOn­line users will be able to cal­cu­late a basic set of risk man­age­ment reports on trans­ac­tions in nat­ural gas, crude oil and refined petro­leum prod­ucts free of charge.

Hey I won­der how that “risk analy­sis” worked out for Enron customers?

Well a lot of peo­ple thought a lot of Enron, it’s not like the com­pany was prais­ing them a month before the com­pany went kaput…oh wait

Just as Enron pio­neered trans­parency in the energy mar­kets, Enron can set the gold stan­dard for dis­clo­sure of aggre­gate risk. (I know the other deal­ers will want to squirm their way out offol­low­ing suit.) I have supreme con­fi­dence in Enron’s risk con­trols, and I’m think­ing thatan inde­pen­dent mea­sure­ment of this kind could dis­pel the market’s overblown and base­less fears.note full e-​mail after the jump

Yup base­less fears about Enron, I won­der if the Amer­i­can peo­ple agree?

Well per­haps Mr. Mal­oney never saw this e-​mail

From:R. Mar­tin Chavez [mailto:martin.chavez@kiodex.com]
Sent: Wednes­day, Octo­ber 31, 2001 4:42 PM
To: Piper, Greg
Cc: Zip­per, Andy; Webb, Jay; Raj Maha­jan; Thomas Far­ley; Sean Mal­oney; Raj Vaswani

well so maybe he did but remem­ber what the White House said about Libya they get a ton of emails it’s not like they are going to see every sin­gle one of them.

Well I’m sure you that’s not going to sway the left. I’m sure Mr. Mal­oney is just as reli­able on Jobs and Enron as the Obama admin­is­tra­tion is on Benghazi.

Me I say this:

Re-​Elect Nan Hay­worth to Con­gress in NY 18

She doesn’t think Enron is the model for job creation

The E-​mail ref­er­enced above

From:R. Mar­tin Chavez [mailto:martin.chavez@kiodex.com]
Sent: Wednes­day, Octo­ber 31, 2001 4:42 PM
To: Piper, Greg
Cc: Zip­per, Andy; Webb, Jay; Raj Maha­jan; Thomas Far­ley; Sean Mal­oney; Raj Vaswani

Sub­ject: Inde­pen­dent Kiodex analy­sis of EnronOn­line risk?
Greg, we’ve been able to load thou­sands of EnronOn­line rades into our Risk Work­bench, and we’ve cor­rectly run risk reports on them. Might we be of ser­vice to Enron by load­ing ALL the EnronOn­line trades into the Risk Work­bench, and run­ning our risk reports on the aggre­gate? I’m think­ing that such an inde­pen­dent analy­sis of at least part of Enron’s risk posi­tion might answer the requests, expressed among ana­lysts and pun­dits in the FT, the WSJ, and else­where, for
greater disclosure.

Every­one is exces­sively wor­ried about mys­te­ri­ous pack­ages these days. Just as Enron pio­neered trans­parency in the energy mar­kets, Enron can set the gold stan­dard for
dis­clo­sure of aggre­gate risk. (I know the other deal­ers will want to squirm their way out of fol­low­ing suit.) I have supreme con­fi­dence in Enron’s risk con­trols, and I’m think­ing that an inde­pen­dent mea­sure­ment of this kind could dis­pel the market’s overblown and base­less fears.

Please let me know your thoughts.
Kind regards
Marty
R. Mar­tin Chavez
Chief Exec­u­tive Officer