From: Kathy Ruemmler < Sent: Wednesday, April 5, 2017 2:58 PM To: Jeffrey E. Subject: Re: Fwd: Oops. On Apr 5, 2017, at 10:46 AM, jeffrey E. <[email protected] <mailto:[email protected]> wrote: fist time ive heard that Forwarded message From: [email protected] <mailto:[email protected]> <[email protected] <mailto:[email protected]» Date: Wed, Apr 5, 2017 at 2:26 PM Subject: Re: To: "jeffrey E." <[email protected] <mailto:[email protected]» Jeff , Could we please avoid these emails as all my assistants read them ? Ariane de Rothschild On 5 Apr 2017, at 12:14, jeffrey E. <[email protected] <mailto:[email protected]» wrote: upon lots of reflection , I cant get a current merger to work, from both sides. - separate from a sig cash portion. taxable probabaly. .and publicity wise not ideal. though He really loved the idea of you being the chairperson. you were right. I think bringing on boris plus 2 or 3. at most. agreeing BEFOREHAND on details of strategy and tactics. , providing milestones and mechanisms for compensation.. it will take three years to fix. at that point- IF- you are earning 150 -200 plus . then there will be many merger candidates. separate from JB. Boris has a six month notice provision. im not sure of his vesting issue. . I think you sitting down with him , for at least a few hours. ( I would join if you thought helpful, ) is next step i think it most important that you both get to know each others personality. -- 1- brand co.resolution , - uncross and delist.. castrate nadine . 2. think about a jan 1, beginning for boris. 3. re-do family documents.. wills , trusts, 4, get boris help on advisory board. 5. to maximize your benefits upside , time, tax, lifestyle. I see a 2020 transaction. no earlier. works nicely . with all girls being gone . lots of fun and things to do. please note EFTA_R1_01306467 EFTA02341138