EFTA01048452.pdf

From: "jeffrey E." <[email protected]> To: Leon Black •• Subject: Fwd: Elysium Tax Candidate Date: Mon, 24 Apr 2017 19:32:31 +0000 Attachments: DT.PDF pay up. , you have enough farmers Forwarded message From: Barry J. Cohen <1 Date: Mon, Apr 24, 2017 at 3:17 PM Subject: Elysium Tax Candidate To: "jeffrey E." <[email protected]> Jeffrey: See attached resume and talking points below. From: Barry J. Cohen Sent: Friday, April 21, 2017 9:06 AM To: Leon Black ; Melanie Spinella Cc: Bradley J. Wechsler 1> ; John Castrucci Subject: Monday Meeting with Dan Terlep Leon, Here are some notes on Dan Terlep, the Elysium Tax Director candidate who would replace Rich Joslin. He is the best candidate we have found in the mid-six-figures compensation range. We are exploring a couple higher- end compensation candidates. His resume is attached. • Dan is currently Vice President, Tax for the billion dollar net worth Naccarato family office outside of Chicago. • We believe the patriarch was owner & president of Wilton Industries, a leading cake decoration and food business that was sold in 2007 for $700mm. • Dan has been working there for 9 years and has reported to a well-known family office CEO, Tim Kelly. • His total compensation is $250,000. • We are offering him $325,000 (potentially $350,000) salary, a first year guaranteed bonus of $50,000, and $35,000 of moving and transition expenses. Significant increase in compensation is due to cost of living in NY Metropolitan area vs. Chicago suburbs. EFTA01048452  • He has a wife (who is a practicing audiologist) and 3 kids. • Our biggest concern is that his resume says he is looking to "manage" a family office, among other things. • Although his current position is VP Tax, he says he works on a wide range of tax and accounting (including IT financial reporting transition) matters, including building the office's direct real estate and PE businesses. o We have explained to him that we value the breadth of his experience, and he will have ample opportunity to use that breadth at Elysium. However, his main responsibility will be tax. Dan seems to understand. • He worked at Deloitte for 6 years, focusing on large family offices and wealthy individuals. Worked on the Searle (Pharma family) family engagement. Trained well by D&T partners that worked with John Castrucci. • We told him that we worked with Jeff E. He asked about his civil litigation and the ethical impact to the family office. We feel he is comfortable with the arrangement. Barry J. Cohen I Elysium Management, LLC 445 Park Avenue Suite 1401 New York, NY 10022 I Tel. I Cell 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01048453