EFTA02518449

From: jeffrey E. <[email protected]> Sent: Sunday, July 27, 2014 1:52 PM To: Mortimer Zuckerman; Terje Rod-Larsen Thanks for breakfast yesterday. I w=ite this in order to memorialize our conversation. 1. Yo= agree that a committee should be set up to manage your financial. affairs= . your statement that you realize you are no longer capable of doin= so . You suggested that Terje larson be in charge as you fully trus= his judgement. A lawyer , either joel klein , his wife? and o= ALan haperrin, should over see the legal aspect. You said that you =oped that if possible rene abd abilgail could each be left with approx 100=million dollars in trust each. the balance sholud be structured so t=at you may give it away and enjoy the process. you said that 50 mlii=n should go the israeli equivablent of a rhodes scholarship program that i=amar would help structure. 50 million to columbia to pay salar=es of the brain researchers. all houses planes shoudl be sold =nd only the new york apt kept as rene was comfortable there. . =You suggested the Daily news and us news should be sold. , the print=ng press should be closed. and sold. ( if possible without a bankriutpcy.=C2 ►. you will most lilely leave bxp in december . and thought th=t Rand R would be more valuable in the future. . We agreed gthat giv=ng such large suns away should and would be your main focus, Seperat= and aprt form the recent will change. that was done by ellen harrison , t=rms of which you were fuzzy on, you wanted alan duglash to get into =he nitty gritty of the tax returns. you thought that in the in=erim media was well magened by holliber, . and real esate by =C2 You wanted jamie to be involved in the distribution of funds b=t suggested he was not capable of fully understanding the issues and the c=mplexity. You told me that you recognized that your capability to de=I with this was only decreasing, and wanted a team to be fully respo=sbilte and that you acknowledgged that you were not able to truly fo=low its progression so that you prefered to delegate with as much protecti=n as possible the people involved. so that they could operate with a free =ut watched hand. I told you that I prefer not to be involved but =AO if you again chose to bite the bullet, I would sell all the investments=C2 . all. restructure all the trusts. all. and direct the m=nentization of the bxp position. Im not sure if you will again chang= your mind, but must protect myself and the people you have asked me to ge= involved. Your foundation will have to be staffed as well. =AO Again I reiterated that 40 million up front paid by tranfereing bxp sto=k or assigning part of your investemnt portfoliol would be ok, as lo=g as we could secure it. I recognzied that cash flow was your concer= and said we would find a way, but would only do so with other peopl=s involvement so as to confirm your desires. I am a friend , I would like to do as you ask, but as you have change= your mind more than once , I remain available. . Recogz=ig yesterday , that you were no longer able to deal with these issues, =AO and wanted help, and as i suggested we might need to get a judge =r other legal sign off, to validate any arrangement as you might tend to f=rget in the future , I wish you will. =C2 please note The information contained in this communication =s confidential, may be attorney-client privileged, may constitute in=ide information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use,=disclosure or copying of this communication or any part thereof is stri=tly prohibited and may be unlawful. If you have received this commun=cation in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication =nd all copies thereof, including all attachments. copyright -all rights=reserved EFTA_R1_01654099 EFTA02518449