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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SCHEDULE 14A INFORMATION
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EL PASO CORPORATION
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TO: All El Paso Employees
FROM: Ronald L. Kuehn, Jr.
DATE: June 9, 2003
As our annual shareholder meeting approaches on June 17, Oscar Wyatt has
purchased an advertisement in the Houston Chronicle. I urge you not to be
misled by Wyatt's ad. Wyatt's obvious attempt to divide El Paso's employees
is not in the best interest of the company's employees, retirees, or
shareholders. I am proud of El Paso's employees who, no matter what their
historical affiliation, have been working together to help El Paso execute
on our plan and return value to our shareholders.
Wyatt's ad is riddled with falsehoods and outrageous statements. While
posing as a savior for El Paso's shareholders and a champion of corporate
governance, Wyatt's actions speak much louder than does his paid
advertisement. We believe this letter is an example of Wyatt's seller's
remorse because he no longer controls Coastal. Wyatt, who owns less than
one percent of El Paso's common stock, has been conducting a long-term
campaign that we believe is designed to create roadblocks to El Paso's
progress and is counterproductive to restoring shareholder value.
Attached to this letter is a press release that we issued this morning in
response to Oscar Wyatt's ad.
[PRESS RELEASE ATTACHMENT FILED SEPARATELY]