EFTA02576737.pdf

From: J <[email protected]> Sent: Saturday, October 26, 2013 9:17 PM To: Eileen Alexanderson Subject: Re: Forwarded from my home email 8 or 9 drafts of a grat reflects issues . I will spend time with both Ada a=d Alan week of 6 Sent from my iPad > On Oct 26, 2013, at 3:32 PM, Eileen Alexanderson wrote: > Original Message > From: Tom & Eileen [mailt > Sent: Saturday, October 26, : astern Standard Time > To: Eileen Alexanderson > Subject: Additional thoughts > Just a follow up to our conversation yesterday - There has certainly been a= issue of timeliness with Alan and maybe a push from Karp changes that. As l=said to you yesterday, maybe Alan's client load needs to be narrowed to ena=le him to service Leon Properly. We have questioned whether Alan is "smart"=enough and "well equipped" enough in terms of level of his planning experierce but, thinking more about what has transpired during the past several mon=hs, I would like to suggest maybe we need to think about this a little diff=rently. > Maybe the greater issue is difference of style. We knew Alan was a conserv=tive practitioner when we hired him. I believed that would be a complement t= your style but I am feeling like, instead, it has created conflict. Yes, i= a few cases, the 'delay' may have been a function of Alan not having seen c=rtain things done the way you've suggested (raising the issue of whether he=has sophisticated enough planning skills for a client like Leon) but more o=ten, I believe, he was conversant but disagreed, and the delay was a functi=n of time spent by Alan to research further to decide whether he could come=around to agree with your plan. My observation would be that both Alan and A=a are well able to hold there own when in debate with you which, in itself,=speaks well for both of them given the level at which you operate. I've tol= you previously that I am a great believer in a dialog of constructive crit=cism getting a team to the best possible decision. Somehow, our dialogs jus= seem more painful for both sides than they need to be. I know sometimes th= dialog is necessary just for you to get Alan where he needs to be on a sub=ect, and sometimes I think Alan knows he is waging a losing battle. I think=Ada and Alan are very similar stylistically. I may be on thin ice here (wit=out any legal background) but from my perspective, I'm not sure Alan brings=a much higher level of expertise than we have with Ada. If we are going to p=y for outside counsel that is something we should be looking for. > Having just presented the thought that maybe the issue is style rather tha= smarts, I must admit that the fact that the quality of drafting in the doc=ments we received for the new GRAT and related trusts has been lacking, we c=n't dismiss the issue of "how well equipped". I know you said these are the=sorts of documents that should reflect Alan's longtime efforts to craft a g=od document that is then ready to go when needed. You are the better judge=but it seems to me we did not have the same quality issues in the documents=we received in the planning steps earlier this year related to the substitu=ion, will, etc. > To me, there is sort of a journey that you travel getting to a good workin= relationship with Leon. I've traveled that path, and I see Ada doing that c=rrently. Maybe Alan is just doing the same thing but I am not so sure. I fe=I more like EFTA_R1_01749037 EFTA02576737 you and Leon should be deciding NOW whether you believe Alan ca= service Leon's needs because, In my opinion, it is not fair to ask Alan to=rearrange his book of business for us if you already believe he is not up t= the job. I will tell you Alan has put tremendous effort into servicing us a=d maybe a kick in the butt from Karp prompts Alan to move to the necessary I=vel and this all works out fine. Personally, as a Manager, I've never belie=ed you are doing someone a favor by keeping them in a job they don't belong=in. Maybe we need to consider moving on after this leg of the planning. I a= not completely sure, I just know this is almost torturous. After one of hi= recent meetings with Leon, Alan said to me "I am not used to having unhapp= clients." Remember, he came well recommended by people Leon respects but L=on is not the typical UHNW client. This is someone's career we are dealing w=th, and likewise, for Leon, this is of the utmost importance for him and hi= family. Working with Leon is a great opportunity but it is not for everyon=. > I send this in the spirit of providing good food for thought. > Best, Eileen > This email and any files transmitted with it are confidential and > intended solely for the person or entity to whom they are addressed > and may contain confidential and/or privileged material. Any review, > retransmission, dissemination or other use of, or taking of any action > in reliance upon this information by persons or entities other than > the intended recipient is prohibited. If you have received this email > in error please contact the sender and delete the material from any > computer. > Apollo Global Management, LLC <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>271445</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1382822221</integer> <key>flags</key> <integer>8590195713</integer> <key>remote-id</key> <string>355425</string> </dict> </plist> 2 EFTA_R1_01749038 EFTA02576738