EFTA02576703.pdf

From: Eileen Alexanderson > Sent: Saturday, October 26, 2013 7:32 PM To: [email protected]* Subject: Forwarded from my home email Original Message From: Tom & Eileen Imailt Sent: Saturday, October 26, 2013 03:30 PM Eastern Standard Time =0: 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 =nable him to service Leon Properly. We have questioned whether Alan is "sm=rt" enough and "well equipped" enough in terms of level of his planning ex=erience but, thinking more about what has transpired during the past sever=l months, I would like to suggest maybe we need to think about this a litt=e differently. Maybe the greater issue is difference of style. We knew Alan was a conserva=ive practitioner when we hired him. I believed that would be a complement =o your style but I am feeling like, instead, it has created conflict. Yes,=in a few cases, the 'delay' may have been a function of Alan not having se=n certain things done the way you've suggested (raising the issue of wheth=r he has sophisticated enough planning skills for a client like Leon) but =ore often, I believe, he was conversant but disagreed, and the delay was a=function of time spent by Alan to research further to decide whether he co=ld come around to agree with your plan. My observation would be that both =Ian and Ada 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 opera=e. I've told you previously that I am a great believer in a dialog of cons=ructive criticism getting a team to the best possible decision. Somehow, o=r dialogs just seem more painful for both sides than they need to be. I kn=w sometimes the dialog is necessary just for you to get Alan where he need= to be on a subject, and sometimes I think Alan knows he is waging a losin= battle. I think Ada and Alan are very similar stylistically. I may be on =hin ice here (without any legal background) but from my perspective, I'm n=t sure Alan brings a much higher level of expertise than we have with Ada.=lf we are going to pay for outside counsel that is something we should be =ooking for. Having just presented the thought that maybe the issue is style rather than=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=can't dismiss the issue of "how well equipped". I know you said these are =he sorts of documents that should reflect Alan's longtime efforts to craft=a good document that is then ready to go when needed. You are the better j=dge, but it seems to me we did not have the same quality issues in the doc=ments we received in the planning steps earlier this year related to the s=bstitution, will, etc. To me, there is sort of a journey that you travel getting to a good working=relationship with Leon. I've traveled that path, and I see Ada doing that =urrently. Maybe Alan is just doing the same thing but I am not so sure. I =eel more like you and Leon should be deciding NOW whether you believe Alan=can service Leon's needs because, In my opinion, it is not fair to ask Ala= to rearrange his book of business for us if you already believe he is not=up to the job. I will tell you Alan has put tremendous effort into servici=g us and maybe a kick in the butt from Karp prompts Alan to move to the ne=essary level and this all works out fine. Personally, as a Manager, I've n=ver believed you are doing someone a favor by keeping them in a job they d=n't belong in. Maybe we need to consider moving on after this leg of the p=anning. I am not completely sure, I just know this is almost torturous. Af=er one of his recent meetings with Leon, Alan said to me "I EFTA_R1_01748989 EFTA02576703 am not used to=having unhappy clients." Remember, he came well recommended by people Leon=respects but Leon is not the typical UHNW client. This is someone's career=we are dealing with, and likewise, for Leon, this is of the utmost importa=ce for him and his family. Working with Leon is a great opportunity but it=is not for everyone. 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>1382815972</integer> <key>flags</key> <integer>8590195717</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>355417</string> </dict> </plist> 2 EFTA_R1_01748990 EFTA02576704