RE: interest
rough paul weiss bills? not sure why it still not done
how longis this outstanding???
I reviewed with Rich D our open intra family/ entity notes and where interest is stipulated to be paid annually, interest has been paid or has been slated to be paid. As soon as EA lands we will tee up the final payment with US Trust. Also, Ben's note that was gifted to Yggdrasil Trust in 2012 was paid in full (with interest) in 2013.
Richard Joslin
CFO
Elysium Management LLC
445 Park Ave
Ste. 1401
New York, NY 10022
I spoke to Alan re PW open invoices. Apparently there is $1.162MM invoiced but unpaid.
$600K for Art related M&A (Phaidon) – 6 invoices;
$262K for Alan estate planning – 2 invoices;
$192K for Family office related matters– 7 invoices;
$98K Townhouse related – 1 invoice;
$2500 Josh estate planning (all other siblings have paid).
Invoices were sent to EA.
Accounting team has schedule of Paul Weiss payments from QB. I have asked Aneta for a re-check of the schedule to confirm that they have transcribed only invoices paid and not accounts payable given the large unpaid
balance. Rich D had to leave unexpectedly so I will take over review. I will look to track down invoices in EA's office and from Ada.
Some of the $600K dates to 2013. Until I have the invoices I cannot answer. I spoke to EA — she had sent the invoices to LDB for approval. No approval reed as of last week.
I have to run out for lunch with kids. I will be back shortly
