Fwd:

No content available.

No content available.

Leon, Congragulations on biting the bullet. At least 18 months late, but I am encouraged and glad for you. There is a HUGE amount of work to be done in the next 9 months, mostly the exact same work that I outlined in my email of 2 years ago. (you can send it again if you like). Brad Wechsler is a dope. Sorry, I have been saying the same thing for a long time. He was not a step up from Eileen but a step sideways. In the beginning, there was Eileen and Tom and Ralph Lerner, all your hand picks. Then Brad, John, Joe, and three others that I never met. Joslin was chosen from a pool of 2 people, each that would be limited by a salary of 250k. I did say hire both Lisa to do the bookkeeping and Joslin tax. He complained for over a year, re his direction by Eileen and Ada, and then Brad. His breakdown was not a surprise after months and months of warnings. Though disabled, he ran your office this year with John and Joe. He ran amok, and as I told you he reminded me in most of our conversations that you told him that he works for you and not for me and that Brad needs to see everything because he pays him.

Asking me who to hire

I have taken heat for years over the fact that I gave you no more than Carlyn's name, no follow-up questions, no interactions, not even a single question (that was Eileen) but somehow Carlyn's fuck up was my doing. When I told you that I thought Eileen wasn't up to the task, you yelled that I was talking out of both sides of my mouth. You told me this year, that by trying to protect you from crazy Joslin, I had in essence fired him and it was my responsibility to do his work. It then turns out that he didn't consider himself fired at all just received less money and continued to make a really complex mess. Josh Castrucci, was also my doing, though email after email said, I take no responsibility for him, I think you shouldn't hire him, your response was that was only because I didn't trust him. Last Jan you told me he was gone however he too is still there, and a waste of money and space.

My time is complicated by Donald's potentially eviscerating any reason to have the foreign funds repatriation plan that I had put together. However, as you are aware I have some pretty severe decisions to make re my time in the next year or two. So at least for a few weeks I am unable to commit much time and make any future plans to redo your procrastination produced mess.

You have a ball of string that your retarded children have formed, It has to be carefully unwound even the substitution of Barry for your next trustee, needs careful focus on procedures. This is no easy task. Org charts, books, balance sheets, trust valuations are all a part.

A refresh of your estate plan. Trusts, partnerships, grats, LLCs, bank accounts, filing requirements, etc. A long overdue review of the BRH TRA and shareholders agreement to see how they fit into new plan. XXXXX planning, art partnership engagement, airplane re-do, buying another? Boat sale, Miami sale. TRADING ACCOUNTS. Three years overdue. An accounting system. Fire John Joslin stays for a year or so. So does Tom. I'm not sure Wechsler is smart enough to be a trustee so it would be nice if you had an alternative. I would love your son Josh to do it. If I can figure it out for tax purposes. Sell Artspace and shut down Regan Arts. Rationalize. Cash flow reporting. Cash management. Stock sales. SC IRS. Gaming. Foreign reporting. The 8865 mess will take months to review. You CANNOT file unreviewed audited documents. CANNOT. This will be very detailed work. All avoidable if the call would have come to me, and we shut it down quickly. Limiting it or containing it. You will need five new hires as there is no one in your office that is truly an A player. I have great hope in Barry as you know. He will need to be trained. This is an unknown for the moment. Time issues. After 4 years of telling you, that you could do better than Halperin, I'm glad that you believe Barry. I take no offense in fact I take comfort in the fact that after only one conversation with Barry you are now convinced to make a change - as long as it happens.

I expect as a friend you will understand that

I will no longer, not for one day, work on your affairs without compensation. Your unilateral idea of after care, not imposed on any professional, except me, not Paul Weiss, too, Akin, no one. is finished. Though you and I had previously agreed no more of that, after you decided not to pay me per our agreement. You have email after email, in the beginning stating that, if you save a great deal of money, you won't want to pay, so limit it to 40m per year. Water under the bridge

If I can find the time to work, on your project, which is not certain as I have said, I hope you understand that it now will have to be under my standard terms and conditions. I never want to have any more uncomfortable money moments with you, I find it supremely distasteful. So to be clear, my terms are as follows. I will only work for the usual 40 million per year. It needs to be paid, 25 million upon signing an agreement. 5 million every 2 months thereafter for 6 months. I will immediately stop work, if the payment is not received. You will be left with a new estate plan a running office. A tax plan. and an investment that returns more than any painting you could possibly own. No agreement no work. Though I of course will talk to Barry for the hour that I promised.

Please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside 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 strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved