📄 Extracted Text (671 words)
To: Jeffrey [email protected]]
From: Steven Sinofsky
Sent: Thur 2/21/2013 5:57:20 PM
Subject: Re: vesting
That is true. I sent mail already to the lawyers with your approach.
Really concerned about pr. There's an asymmetry in that. They can be on background and I can't.
On Feb 21, 2013, at 9:56 AM, "Jeffrey Epstein" <Mn'acation(tt mail.com> wrote:
you were willing to walk away
On Thu, Feb 2I, 2013 at 11:41 AM, Steven Sinofsky < wrote:
I was never willing to take 7 :-)
I am really worried about another round of press if this needs to be filed. I don't see how
this can be managed. It will get filed. Reporters will call Frank (PR guy who does steves wet
work). Frank will push them to do another round of how non-collaborative and asshole-ish I
was. They will write this. Worse, they will probably get ahead of this and do some prebriefs
on it.
This happens if there is any agreement including non-compete, non-solicit, etc. I get how
this looks like they have something to hide and are afraid but it is also a round of "he was
fired and extorted this out of them..."
Don't you think the downside of disclosing any non-compete stuff falls to me in a world
where they go out and tell a story?
Sent from Surface RT
From: Jeffrey Epstein
Sent: February 21, 2O13 3:16 AM
To: Steven Sinofsky
Subject: Re: vesting
you were willing to take 7, don't be greedy, we are doing a good job, i like this idea . I think
jay should put it foward today. . the dynanics change, now this is a way to get this done
immedaily. change the timing, steve is fed up , we can get it done quickly . it is simple,
lets agree on lanugage . ( dispargaement etc. ). steve in a good negoatiation, we should
control speed and surprise
On Wed, Feb 2O, 2O13 at 7:38 PM, Steven Sinofsky wrote:
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here's the 15M as a vesting schedule -- your original guidance was "let's ask for their $5
plus this 15". I think there is a good idea here in terms of just asking for this vest amount --
there's already a policy that at 55 you can accelerate all your vesting upon retirement. So in
essence the exception they make is to this policy, not any compensation amount. The SEC
form just reads "accelerate vesting of shares at market on date of agreement" (or better
November 12).
I do lose a lot if they pick a strike date of 12/31(which is my official last date as per SEC).
The stock dropped more that $1 the day after I announced. It hit a real low on 12/31.
There's a $1.51 spread from 11/12 to 12/31. That's getting close to $1M.
The stock price has not gotten back to what it was at the close before I left. :-)
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Sent from Surface RT
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The information contained in this communication is
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constitute inside information, and is intended only for
the use of the addressee. It is the property of
Jeffrey Epstein
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
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