(no subject)

The fire drill documents received should be the final nail in the coffin of Alan and Ada. It is inexcusable, ludicrous and in Brad's words "insane" or yours, "unexplainable" that the two people that you refer to as your estate attorneys, NEVER EVER took the time to actually read the documents that have the biggest effect on your family and estate upon death or disability, it's impossible! IMPOSSIBLE. After telling me that they were confident that everything had been read, and after years of you telling me that I'm not an attorney, it is clear that my telling you that you have quality people was over generous. I received a first draft of the summary of documents. You should read them for yourself. Executive committee issues, unclear tax, contradictory provisions, your reps having to rely possibly on a fallback to Delaware law to protect your interests, even suggesting that even if they would like to fall back, in some instances - no case law. Other crazy provisions that are personal to you, instead of you and your successor? Two pages of "open to interpretation" or aha, maybe something is wrong! As ie, your rep, after death has no right for information on BRH? If you and another founder are dead, the exec committee has no decision authority, if Josh and Mark want to fuck your heirs, it's easy, black family partner docs don't deal with succession! YOU deserve better. FYI, after a month of Brad, Ada, and Alan on the project, still not willing to share with me a final, they are all embarrassed and full of excuses.

It will take Wendy and a new team 6 to 9 months to put your house in order, new cash flows, new accounting system, airplane rethought, your new hires can find deals, they can familiarize themselves with your current investments, but should not be doing the accounting for them.