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I want to get a better sense on whether he has a need for the business plan service before you put something together. I was just going on an off-hand comment Chris made about having a little trouble on that side of things. I think we lead with the Board/Founding Corporate Sponsor and investment consultant pieces and that we ask about the business plan as an aside saying that we have that capability. If they want a contribution to be a sponsor or something, we could offer up the business planning help as an in-kind contribution.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
P Consider the environment before printing this email.

On Apr 29, 2010, at 12:50 PM, Neil Callahan wrote:

> I was thinking we could propose to create his business plan: 1. Strategic Objectives, 2. Core Capabilities., 3. Goals & Objectives for the next 18 months, etc., 4. Operating plan – budget, roles, key outputs.
>
> As part of the business plan we define Governance and Business Partners – HB can be on the Board and RSP can be a business partners (as well as Rosemont Capital, etc.).
>
> Do you know if Chris has an operating plan or budget with his sponsors?
>
> And to Hunter’s point on the call on Monday – Chris could hire us as an advisor/consultant to create the business plan for a fee and keep the door open to creating a fund or other investment vehicles for Labor.
>
> I could write up that POV/proposal today and we go in with a clear ask, which I think Chris would appreciate, and then you guys can noodle your way to perhaps and agreement.
>
> Best,
>
> Neil
>
> ------------------------------------------------------------------------------------------
> Neil Callahan
> Rosemont Seneca
> 401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965
> 1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880
> 917-945-9516 (mobile)
> 866-749-8879 (fax)
>
> From: Hunter Biden [mailto:hbiden@rosemontseneca.com]
> Sent: Thursday, April 29, 2010 12:02 PM
> To: Eric Schwerin
> Cc: Neil Callahan; Devon Archer
> Subject: Re: Chris Chafe Meeting Tomorrow
>
> Further I think we should consider being a "founding corporate sponsor" if they have such a game plan. I also think that the firm not just me should be " private sector investment advisors" to their organization. Chris mentioned the need to create a process by which potential investments could be vetted by such an advisory board and then marketed to labor. Developing fund and investment structures that could be basically taken off the shelf and presented taking into account all of labors idiosyncacies should be their goal. We could help them do that- almost acting as a new sort of investment consultant--- again taking the advantage of a time when fresh new players could actually bring some real value.
>
> Sent from my iPad
>
> On Apr 29, 2010, at 11:29 AM, Eric Schwerin <eschwerin@rosemontseneca.com> wrote:
>
> We are still going back and forth on the Chris Chafe meeting tomorrow, but it is likely to go ahead. Haven't had a chance to discuss what we are going to say/propose.
>
> Chris asked us to come to him with what we wanted our role to be and "most importantly, what you want to get out of this."
>
> My thoughts:
>
> What we want to get out of this: 1) The Altruistic Motive: "Helping Labor Unions Create Green Jobs and Helping to Educate Taft-Hartley Trustees How to Better Invest Their Money in a Way That Increases Their Return on Investment and Expands The Number of Labor Employees." 2) The Selfish Motive: We want to create a fund that could draw on Taft-Hartley Investments and would be labor friendly and green job focused.
>
> What we want to do:
>
> 1) Offer Hunter up as a potential Board Member; Advisor, etc. Some public role if they want it.
> 2) Be able to provide the group with our expertise and examples of deal flow we find that would be appropriate for Taft Hartley Investment that they can feed into their process. Not as potential investments, but examples to use as they set up an evaluation system. We would also be available to help with setting up the evaluation process.
> 3) Offer up Neil if they need any business structuring advice - Chris specifically mentioned being overwhelmed with setting up structure having never done so before.
>
> Thoughts?
>
>
>
>
> Eric D. Schwerin
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> eschwerin@rosemontseneca.com
> P Consider the environment before printing this email.
>