[{"sender": "jeffrey E. <jeevacation@gmail.com>", "recipients": ["Melanie Spinella Po", "Leon"], "timestamp": "Tue, Feb 24, 2015 at 2:20 PM", "subject": null, "body": "Yesterday , | again spent hours upon hours of my time with your office. ,( speak to brad to get flavor) and\nyou and i will discuss the results in gory gruesome detail on Friday. it mirrored many other weeks spent doing\nthe things that I don;t have the time to do.\n\nIn order to keep things in perspective, maybe reviewing an analogy I have used before with you, might be\nhelpful. You and your family are a 6 billion dollar corp. with an income between 250 -500 million dollars per\nyear. It contains a few operating biz's , a large wide array of existing investments, in various categories ,\n\na desire to enter into others. A panoply of loans, notes. purchases, wide range of all types of taxes. , planes.\nboats homes. . trusts ,grats. a crazy number of bank accts. ( with no oversight ) . law firms, acct firms, 800\npage tax returns, foreign firms. art consultants. construction consultants bill payers,\nhome mgmt.,vast multitude of Ilc's , including foreign, and with all that you only have a combined overhead\nof less that 3. million dollars.\n\nI have previously sent you the very same note that i have enclosed again below ,this time with highlights\n\n. I wrote it to you over a year ago. As my acute disability ( selective memory) seems to have been raised\nas one of your concerns , asarule I try to memorialize things in writing in an attempt to lay out issues that I\nfear may later turn out to be a problem. ie what i would and wouldn't do , - my responsibilities. ete and those\nthings that are not. below you will find details of things that I thought needed to be done, so that you\nwouldn't find yourself in the very place where you currently find yourself. however ,you chose to defer\nmany of my suggestions- see below -,until only weeks ago. ! you chose to defer the jpm acct. the art\npartnership on and on - into this year. and though the 60- 50 40 timber emails all carried with it a clear warning\nthat you needed to do something re personnel if it were to stabilize,- you chose to wait.\n\nONE YEAR AGO\nFeb 17 2014 i wrote:\n\nWith regard the more pressing issue I am uncertain of just how to proceed. I am torn, as my very strong\n\ninclination is not to be involved at all. It is extremely time consuming, delicate, fraught with many pitfall many\nthat will make you very upset and a major pain in the ass. I wrote you months ago that the quality of the people\ninvolved need to be upgraded. ( lucky for me these last issues arose way before the beginning of my\ninvolvement ) Iam also aware however of my overarching friendship obligations of ok, -given all the\ncomplexities who else can do it? problem.\nYour family office needs a daddy. children with good intentions are running around , sniping , nitpicking with\nlittle direction. As a stopgap measure I am suggesting , we put in Larry Delson to take charge Everyone would\nreport to him. Eileen included. He would however work for me. this is not, by a long shot my first choice as I\nprefer only being responsible and standing behind my own personal work ( ie the word DONE will no longer\nbe transmitted to reflect status stated by others )\n\nWith no commitment on my part whatsoever, to do it. So far as I have failed in my attempt in trying to\nthink through the problem creatively . My organizations handling of the more complex issues I believe you\nmight find very costly, very ! (however many structures available some risk sharing, maybe risk caps ,etc ) but\nwould require my teams doing the work , not yours. Ada should be only a trust, grat administrator. not sure\nwhat role you prefer for Eileen as you hired her initially to oversee investments. whether Rich your controller\nstays or not, is not urgent. having Tom report to a new person,- is. coordination with Suydam Kathy\nGregory, I would suggest limiting to one person. The increasing public profile needs to be taken into\nconsideration.\n\nTODAY"}]