Subject: RE: Thanks and follow-up on compensation review
From: "Rick Leach" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Fri, 25 Apr 2014 11:08:23 -0400

Thank you – and have a great weekend.

From: Hunter Biden [mailto:[email-masked]]
Sent: Friday, April 25, 2014 10:35 AM
To: Rick Leach
Subject: Re: Thanks and follow-up on compensation review

Rick-
I have agreement and confirmation from all exec cmte on salary increase. Go forth and prosper. H

RHB
202.333.1880

On Apr 24, 2014, at 5:09 PM, Rick Leach <[email-masked]<mailto:[email-masked]>> wrote:
Thank you very much.

Sent from my iPhone

On Apr 24, 2014, at 2:47 PM, "Hunter Biden" <[email-masked]<mailto:[email-masked]>> wrote:
sent it- talk later
R. Hunter Biden
Rosemont Seneca Partners
Washington D.C.
202-333-1880

On Apr 24, 2014, at 12:45 PM, Rick Leach <[email-masked]<mailto:[email-masked]>> wrote:

Hunter – thanks again for leading our LBL effort and for taking time to appear on Andrea Mitchell – you were great (as usual).  As discussed, following is a suggested email that you could send to members of the Executive Committee concerning the compensation review.

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

Email addresses for Sandy, Bonnie & Randy are:
Samuel Berger:  [email-masked]<mailto:[email-masked]>
Bonnie Raquet:  [email-masked]<mailto:[email-masked]>
Randy Russell:  [email-masked]<mailto:[email-masked]>

Thank you very much.
All the Best,
Rick

Richard Leach
President & CEO

World Food Program USA
1725 Eye Street NW, Suite 510
Washington, DC 20006
T 202.530.1694
F 202.530.1698
[email-masked]<mailto:[email-masked]>