(no subject)

the recent planning has been remarkable given the highly unusual circumstances. aggressively suggesting "I am talking out of both side= of my mouth" when i say that I strongly believe your team needs to be seriously upgraded to match the high quality level of everything else in your life.- gives me pause.

Leon,

As you are well aware, There is little I won't do for you, or at least try to do as a friend= and a great deal that I have already done ( both known and some things that willneed to remain unknown.) Our arrangement was for me to architect sophisticated structures that would be beneficial to you. that is what l have done and will continue do in order to fulfill my obligations under our agreement. The discovered fact that you; in reality need an entire family office built from scratch has been trying; I have; already; agreed; de-facto to try to; help; I would; suggest that Phai=ons payroll and attention pales in importance; to your personal structure,which has taken a back seat, Some of; my suggestions; regarding the Eysium; office; are as follows; you will need a budget of 3- 5 million per year.; CEO; 1 million, new tax person to work with rich, 250. new bookkeeper ,200 new paralegal to work with ADA Alan etc , coordinating with Apollo, Akin , paul weiss , new acct openings , sec filings , sales tax review, etc. $150 . art point person. loan , inventory, purchasing support, $?? softw=re servers. video conferencing, tax oversight. I believe You should rapidly address trustees , gift trust, succession, wills of debra and children, , monetization events , cash flow. etc I can of course share my experiences with you on each issue.

With regard the more pressing issue I am uncertain of just how to proceed. I am torn, as my very strong inclination is not to be involved at all . It is extremely time consuming, delicate, fraught with many pitfall many that will make you very upset and a major pain in the ass. I wrote you months ago that the quality of the people involved need to =e upgraded. ( lucky for me these last issues arose way before the begi=ing of my involvement ) I am also aware however of my overarching friendship obligations of ok, -given all the complexities who else can do it? problem. Your family office needs a daddy. child=en with good intentions are running around , sniping , nitpicking with little direction. As a stopgap measure I am suggesting , we put in Larry Delson to take charge Everyone would report to him. eilee= included. He would however work for me. this is not, by a long shot my first choice as I prefer only being responsible and standing behind =y own personal work ( ie the word DONE will no longer be transmitted to reflect status stated by others ) With no commitment on my part whatsoever, to do it. So far as I have failed in my attempt in trying to think through the problem creatively . My organizations handling of the more complex isssues I believe you might find very costly, very ! ( however many structures available some risk sharing, maybe risk caps ,etc ► but would require my teams doing the work , not yours. Ada should be only a trust, grat administrator. not sure what role you prefer for Eileen as you hired her initially to oversee investments. whether Rich your controller stays or not, is not urgent. having Tom report to a =ew person,- is. coordination with Suydam Kathy gregory, I would suggest limiting to one person. The increasing public profile needs to be tak=n into consideration. talk later..

first dec then march