EFTA02003551.pdf

To: [email protected][[email protected]]; Jeffrey [email protected]] From: Pritzker, Tom Sent: Fri 5/13/2011 9:52:54 PM Oh yeah, long as I'm laying out the facts of the last ten years, I told you the production data. Here's the performance data: ... We outperformed S&P by 60% (pre tax to pre tax); we did it at the lowest tax rate we will see during our lifetime and that data assumes that the day we converted to cash (e.g. sale of Conwood in 2006) you took the after tax cash and got zero return on it for the remainder of the 10 years. Translation: Second best decision of my life was to not fight, architect a solution and get out of Dodge. EFTA_R1_00501655 EFTA02003551