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Hi Jeffrey
I definitely remember the conversation.
Ahead of our meeting this week please consider the following proposal (which I believe does address your concern about
consequences):
- reduce my compensation to $300K
- manage the Fixed Income portfolio and make recommendations for switches/replacements as necessary. Thus
far the bond recommendations have worked very well even as HY spreads have widened this year.
- maximize the syndicate business. I think I can make $300-$400K per year doing this. Gratitude was shut down
from going into the Institutional book so everything we get is through the Alpha Group account. The NI would be
a fraction of that If you went into the retail book with Gratitude.
- effectively have syndicate cover my fee.
- I continue to handle all of your execution needs with the different counter-parties and ensure tight execution
prices on everything.
I really hope that this is something that works for you and it gives me a chance to rebuild my income over the next 12
months.
You know that you can always trust me 100%.
Paul
Paul Barrett
Alpha Group Capital LLC
s ]cid:_1_08264D880B264B1
C0060EAE8852582E5
and keep in mind , we both talked about increased risk and reward.
and that was based on you actually knowling how
to do the job. so i have taken major losses and on top of that you feel you should have no consequences . silly in my
eyes
On Thu, Oct 18, 2018 at 3:21 PM Paul Barrett ‹
> wrote:
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I will reach out to
to set up a time.
I was ready for a change but would not have left JPM without our deal. Mary Erdoes offered me multiple roles across
Asset Management Mien she and I spoke about me leaving to work with you.
Paul Barrett
Alpha Group Capital LLC
a
Richard Kahn
we can talk about it, please dont tell me you left.you job, beacuse of me, its not fair. you were leaving and you told
me you had skills that you clearly didnt have.
On Thu, Oct 18, 2018 at 1:17 PM Paul Barrett <
wrote:
Jeffrey
The only reason I left JPM was that we agreed to a two year deal. I walked away from a great career where I was
making $1.5MM a year, left $1.8MM worth of JPM stock on the table and 17 years of goodwill. I have been incredibly
loyal to you and I don't think it is right that you try walk away from our agreement.
The account is up $3.429MM since inception net of fees. I acknowledge that some of those gains came from
inherited positions but we both agreed that I would be responsible for all performance going forward when we
started last year. I always understood there were risks by making the move but our agreement never had a
performance clause. I relied on this fact in making the decision to leave JPM.
I proposed many different alternatives that seemed fair and reasonable. If you feel that none of those work then
please propose a settlement that takes into account the remaining $1,125,000 due to me under our agreement.
I would prefer to have the remainder of this discussion in person, and based on our history, I truly hope we can
reaching an amicable compromise.
Paul
Paul Barrett
AI ha Grou Ca ital LLC
; Richard Kahn
Subject:
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paul , our relationship needs a conclusion. it was an unfortunate for us . my money . awful
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 jeevacation@gmail.com and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
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 jeevacation@gmail.com and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
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 tojeevacation@gmail.com. and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
EFTA01018917