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John Lavorato

John Lavorato

Frequent contact

database2,587 MESSAGES
Last contact Feb 2002

RELATIONSHIP BRIEF

Create a concise relationship brief from messages, notes, and citations.

Summary

John Lavorato ("Lavo") was a senior executive in Enron's wholesale trading operations, serving in the Office of the Chairman for Enron North America / Enron Global Markets with oversight of the Americas trading desks, risk limits, and the South American merchant business . He actively traded gas and power positions, managed the Trading Track hiring program, and maintained close communication with Greg Whalley throughout the company's collapse . Following Enron's bankruptcy in December 2001, he played a central role in transitioning the trading business to UBS/NewCo, managing retention packages, headcount planning, and employment contracts to retain talent . His archive reveals a hands-on leader who directly traded contracts, enforced VAR discipline, and interfaced with counterparties including Goldman Sachs and Reliant during the crisis .

RELATIONSHIP FACETS (12)

life event

Became father to a second son in early November 2001; received congratulations from colleagues addressed to him and his wife Dina

relationship signal

Very close working relationship with Greg Whalley — frequent direct communication on trading strategy, risk limits, organizational decisions, and personal matters; Lavorato forwarded sensitive issues to Whalley for resolution

relationship signal

Tension with David Delainey during the transition period; Lavorato accused Delainey of recruiting Enron traders away from the UBS/NewCo transition, forwarding evidence to Greg Whalley and Jeffrey McMahon

recurring topic

Led post-bankruptcy transition of Enron's trading business to UBS/NewCo, managing headcount planning with Sally Beck, allocating retention cash and equity bonuses, preparing employment contracts, and fielding inquiries from former employees seeking roles

recurring topic

Involved in Trading Track hiring and training program, coordinating rotational assignments for new traders and managing non-compete agreements and offers

fact

Key assistant Louise Kitchen served as his primary administrative coordinator, appearing as the recipient on the majority of forwarded messages handled by Lavorato

fact

Senior wholesale trading executive in Enron's Office of the Chairman, overseeing Enron Americas (ENA) gas and power trading desks with $100MM corporate VAR limit and responsibility for the South American merchant business

fact

Interfaced with external counterparties during the crisis, including receiving a liquidity proposal from Goldman Sachs (following Ken Lay's conversation with Gary Cohn) and coordinating credit-mitigation sleeve/bookout trades with Reliant's Chief Risk Officer

fact

Actively traded energy positions, observed buying 5,800 natural gas contracts and directing desk heads on trading strategy during the post-bankruptcy period

fact

Managed VAR (Value-at-Risk) limits and enforced violations across Enron Americas, ordering penalties for traders exceeding limits and tracking daily VAR figures for gas and power desks

fact

Oversaw international energy projects including the $220M Eletrobolt power plant in Brazil (funded via WestLB) and the Sundance B PPA split in Alberta, Canada

fact

Governance role on Mariner Energy board; agreed to place Gorte on the Mariner board of directors following discussion with Scott Josey

Relationship arc

The correspondence spans from October 2000 through early February 2002. In 2000–2001, Lavorato operated as a key wholesale trading executive within the Office of the Chairman, managing the West desk's transportation expenses against the Office of the Chairman budget , attending budget meetings with Greg Whalley , coordinating the Trading Track program for new hires , and directing risk management across the gas and power desks . He oversaw Enron Americas' corporate VAR, which stood at $100MM pre-crisis, and actively enforced limit violations . As Enron's financial crisis intensified in fall 2001, Lavorato became central to survival efforts — negotiating a liquidity proposal from Goldman Sachs following Ken Lay's conversation with Gary Cohn , coordinating credit-risk-mitigating sleeve/bookout trades with Reliant , managing the split of the Sundance B PPA in Alberta , and being updated on Edison CEO John Bryson's financial assurances . He also oversaw the $220M Eletrobolt power project in Brazil . After Enron's bankruptcy filing on December 2, 2001, Lavorato led the transition of the trading business to UBS/NewCo, determining headcount numbers with Sally Beck , allocating retention cash and equity bonuses to key traders , and preparing employment contracts to stem departures, telling one concerned manager "we will have employment contracts done soon" . Tensions surfaced when he accused David Delainey of poaching traders for his competing group . The latest messages show Lavorato still fielding inquiries from former employees seeking roles in the new company and refining the competitive analysis team's reporting structure .

Current status

As of the most recent archived messages (late January through early February 2002), John Lavorato is observed actively managing the post-bankruptcy transition of Enron's trading business to the new entity (UBS/NewCo). He is refining the competitive analysis team structure — directing that an employee report to Gaskill and Will — responding to recruitment inquiries from former Enron commercial directors seeking to join the new company , and conducting planning meetings . Louise Kitchen remains his key coordinator for administrative and personnel matters . The evidence strongly suggests Lavorato is serving as a senior manager responsible for assembling the new trading company's team and operational framework, though the ultimate outcome of the UBS transition and his subsequent career path are unknown from the archived messages.

OVERVIEW

John Lavorato corresponds with you primarily via jo***@enron.com. The archive holds 2,587 messages spanning roughly 26 months — 2585 inbound and 2 outbound.

First contact landed on Dec 12, 1999, most recent on Feb 3, 2002.

Their strongest mutual context is with Louise Kitchen 2003 threads in common .

RECENT MESSAGES

2002
  1. InboundEmail #259397
    Feb 3, 2002

    (no subject)

    via jo***@enron.com

    We decided to get Kristan Walsh an offer for fundies. Can you get it to her when Jeanie gets it.

  2. InboundEmail #441791
    Feb 3, 2002

    (no subject)

    via jo***@enron.com

    Hello everyone.

  3. InboundEmail #259341
    Feb 3, 2002

    (no subject)

    via jo***@enron.com

    Presto continues to push good people away. This is your Marcello problem. Make sure Kevin takes Zipper. Its a good fit.

  4. InboundEmail #259366
    Jan 31, 2002

    FW: weather update

    via jo***@enron.com

    -----Original Message-----

  5. InboundEmail #441806
    Jan 31, 2002

    FW: IHS Meeting

    via jo***@enron.com

    This is very fuck'n expensive. Are we sure this isn't obtainable cheaper.

  6. InboundEmail #440960
    Jan 30, 2002

    FW: Competitive Analysis

    via jo***@enron.com

    I think he should report to Gaskill and Will (is will doing fundies?)

  7. InboundEmail #364375
    Jan 30, 2002

    FW: Competitive Analysis

    via jo***@enron.com

    I think he should report to Gaskill and Will (is will doing fundies?)

  8. InboundEmail #259338
    Jan 30, 2002

    (no subject)

    via jo***@enron.com

    Louise

EMAIL ALIASES (1)

  • (no display name)
    jo***@enron.com
    singleton