Points Raised by Group IT and Back-office systems cannot be easily divided between NewCo and OldCo.
NewCo may have to contract for services from OldCo Need to recreate DPR post petition - must understand current position subsequent to terminations Retention program needs to be addressed as soon as possible Communication plan needs to be developed for OldCo employees describing current and projected benefits and any potential retention plans Financial vehicles - detailed operating procedures need to be presented to business unit leaders so that they can effectively deal with those assets in the vehicles Legal - must determine what we can and cannot do - as limited by the DIP financing and bankruptcy proceedings Must review global list of entities to ensure proper legal and operational shutdown of those entities Identify tax and finance on team matrix Define internal process for approval for disposition of positions, assets and businesses Ensure that everyone understands the  Clarify who is working on ECTRIC and how they will be compensated How can we contract/hire employees who we have been laid off but are now needed for the workout.
Can we set up a way to have an abbreviated redeployment  Administrative items - consolidation of work space and utilization of cell phones, pda, etc.
Action Items Business unit plans by next Friday Business unit leader meetings every Tuesday and Thursday @ 9:00 am Address and clear above items - JF   Any questions, give me a call.
Regards,

Summary of Meeting / Follow-Up Points
