EFTA02474596

From: jeffrey E. <[email protected]> Sent: Friday, January 29, 2016 1:39 PM To: Melanie Spinella you've agreed that Your office is a multi billion dollar responsibility. your children will inherit it , in order to oversee their financial lives- I feel =or you, truly ,but the facts are the facts, your ceo ( Brad) has provi=ed one bad document after another for over a year, no getting away from it„ =C2 bad cash flows no new IT, each time with " its gettting better " no in fact -! its =ot. - the excuse, that Brad is not the numbers guy, is ludicrous. of course he=20 didnt actually prepare the statements. - no ceo would ,-.but over and over he presented them to you and me , after , holding them back=20 for his personal review multiple times and after multiple drafts. weeks of his editing,=C2 the consistant but "inexplicable "missing the obvious serious errors . ( gaming ) inaccuracies, = cashflow ) and mistakes (tax returns). why, ?! the simple answer i= that at best, he is a c minus, (note. I, like you ,also give points for effort. )- ! a= elegant art partnership gone fallow. ??!!I and its core reason =o exist. not used ? no docs for plane?, still ! why?=no docs for decantings why? the docs for deal 1 received last night, no docs at all for deal 2, the biggest " . why wasn't Tom brought in , =C2 after 4 times of my incessant reminders i spoke to him , he knows little of either tran=action except for over view. never saw pahidon anything except=projections until yesterday ? ?and this after your =clear admonition etc. re the trading accounts no activity, at all, =C2 Barry Cohen is great. more like him please .= you asked , - I did my best trying to train your brad chosen people in the face of my telling you that they were never going to be more than c-minuses, thousands of emails thousands=? Brad at its head . you can't as a ceo,=have an accountant give you multiple pages with the most important numbers missing altogether=20 and not notice, you and I saw the errrors right away ,as did my very junior=20 bookeeper after only a cursory glance. He told me he didnt know the=20 details of his note? ! , my guess is that he wanted to pay less. no=20 more than that, any other story is blather. its silly.=C2 Talk to richard yourself. re your estate. Yes another Brad is=ue - your will, needs revision. the tenants in common structure I as=ume Alan has carefully walked you through. it is way overdue, needed and exciting. I won't list the more serious issues in an e=ail but we can speak over the weekend. How can I help?. We agreed at the time when you hired Castrucci , that when you fired him= I would bear no responsibility because it was clear that he shouldnt be hired. brad and you both said ," its on us", but... =C2 the equivalent of your art consultant pointing to a picasso and calling it a renoir. then a brancusi and calling it a michaelangelo.=C2 those were the types of erros that i saw immediatily, you said give =hem more time. at least they saw it was a painting and not a photo? =AO being weaned of our biz /pay realtionship has been our mutual goal.=C2 However since novemebr, you chose to do so by ignoring L=; our agreement re, phaidon,and your oft stated commitment to me of larg= payments for large value, ( 37 percent was our number ). chose to pay me=C2 a number picked by what appears to be only by whim,- have =et to justify it except for telling me that you and Brad Karp t=lked... What should we do? the next two years in biz world appears to both=C2 you and I , very fragile. Im happy to have brad sit in ? =AO EFTA_R1_01587332 EFTA02474596 please note The in=ormation contained in this communication is confidential, may be attorn=y-client privileged, may constitute inside information, and is intended=only for the use of the addressee. It is the property of JEE Unau=horized use, disclosure or copying of this communication or any part th=reof is strictly prohibited and may be unlawful. If you have received t=is communication in error, please notify us immediately by return e-=ail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all c=pies thereof, including all attachments. copyright -all rights reserved=br> 2 EFTA_R1_01587333 EFTA02474597