Subject: Re: Rick's Compensation
From: <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Samuel Sandy Berger" <[email-masked]>, <[email-masked]>
Cc: <[email-masked].>
Date: Thu, 24 Apr 2014 14:51:50 -0400

I fully agree. This places him above the midpoint, but not at the top of the range. This is good recognition of ‎his leadership and the fact he has gathered a good leadership team.

Bonnie E. Raquet
[email-masked]
Mobile: 612-562-0380
Sent from my BlackBerry 10

From: Hunter Biden

Sent: Thursday, April 24, 2014 2:47 PM

To: Samuel Sandy Berger; Bonnie Raquet; <[email-masked]>

Subject: Rick's Compensation

Dear Members of the Executive Committee, (Sandy, Bonnie & Randy)

In accordance with Rick’s annual performance review, I suggest that we also review his current compensation.  The last compensation review was conducted in December 2012 where we agreed to increase his annual salary by 10% from $260 to $286K.  I recommend that we increase his annual compensation from $286 to $305K (an increase of approximately 7%), retroactive to February 1st (his anniversary date).  According to WFP USA’s HR Department, the range for CEO compensation within similar organizations in the DC area is $270-310K.  Please confirm that you agree with this recommendation.  Thank you.

All the Best,

Hunter

R. Hunter Biden

Rosemont Seneca Partners

Washington D.C.

202-333-1880

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