(no subject)

Radical but my preferred idea. START from total scratch. there is absolutely nothing worth keeping in your family office except for heather, nothing at all. I remember when I bought my first house in order to renovate and jack robertson said forget it. knock it down start again, I couldn't believe it. but he was right. Like your tax returns that were done in triplicate. TOM RICH ALAN. TAO. torn and rich were not really useful in the end. Alan was the only smart one. you should in my opinion Start a brand new office. hire cfo. bring joe over. heather and samantha run parallel for 6 months and close down the mess of C2 elysium forever. leave your kids a functioning operation professionally constructed and managed. NOT BY ME!!!

Last nov I laid out priorities IT, being the first nothing as of today. C2 in July I said focus on airplane as a test. to C2 examine procedure and proficiency, so far mostly a waste of resources time people etc. Only last week told debra owns 49 percent of plane. no IT to speak of. A0 bens house unaccounted for. tax returns very very sloppy, . boat still argued as third home. . pilots bonuses?, structure unknown by all. cash sitting at the same time loans outstanding.

Phaidon, looks like close to breakeven in a few years. others totally unknown. TAO Query, do you really want this? : I'm not sure how you both want to have an investment office and have cash flow being eaten by publishing and loans amounts outstanding increased by art. C2 --interest rates will be going up.- . your plane will cost 10 million to refinance - so will boat if sold next year-. art space and egan, both needs more cash. with little return, taxes, art purchases. Part of radical solution is to sell publishing altogether. (are the children really interested.) . restructure plane from scratch. layers unnecessary. simplify crazy structures bank accounts trading accounts accounts payable. credit cards. etc. The best way to wean yourself away from me is to have someone else do the whole thing from scratch. . move brad to be the replacement for Richard. . he is nice but this is not what he does. Him saying it is sooooo fucked up to me, was only an echo of me saying it to you.