Subject: Priv & Conf: Update
From: "Bjorklund, Victoria B" <[email-masked]>
To: " ([email-masked])" <[email-masked]>
Cc: "Bruce R. Lindsey ([email-masked])" <[email-masked]>, "Reynoso, Jennifer" <[email-masked]>
Date: Fri, 11 Nov 2011 15:02:41 -0500

Dear John-Bruce had asked us for periodic updates on the governance review, which is the purpose of this email.

First, after interviewing Chelsea today, we have completed interviews with 25 individuals.  One senior official asked to meet with us twice and both of those meetings have been completed.   We are currently scheduled to complete our interviews next Tuesday.

Second, our original work plan called for 22 interviews.  We have had 10 additional individuals who have asked to meet with us, been asked by their manager to meet with us, or whom a manager has asked us to meet.  We are happy to complete those interviews promptly.  We just wanted to alert you due to the additional cost beyond the original estimate.  We have taken one person on the original list (Oscar) off, unless you wish us to schedule him.

Third, our billing department has given me a breakdown showing 101 hours expended and recorded by us so far for a discounted fee cost of $58,446 and disbursements of $68.03.

Fourth, Chelsea suggested an in-person meeting of the Board and Special Advisor with President Clinton on Tuesday, November 22 or Wednesday, November 23 to hear an oral report from Jennifer and me.  Please tell us if that is how you wish to proceed and if a time during those days would be convenient or not, and whether the meeting should be in-person or otherwise.  (We have videoconferencing available at Simpson Thacher and perhaps the Foundation does too?)

Please let me know if you have any questions.

Sincerely yours,

Victoria

IRS Circular 230 disclosure:   To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under federal, state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
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Victoria B. Bjorklund
Partner
Head, Exempt Organizations Group
Co-Chair, Diversity Committee
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York  10017

Tel:  (212) 455-2875
Cell: (646) 258-9444
Fax: (212) 455-2502
[email-masked]
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