EMAIL DETAILS

Included Hunter.

Question:

I know that the Realty bucket would be different than the example of Third Point. But, does Hunter or we use our chits for Realty when we may only have one shot at a meeting?


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-----Original Message-----
From: "Mike Mathis" <mike@mmathisgroup.com>
Date: Wed, 16 Feb 2011 19:10:52
To: 'Eric Schwerin'<eschwerin@rosemontseneca.com>; 'Chuck Harple'<charple@att.blackberry.net>
Subject: RE: Richardson List

Eric, here is our immediate feedback, we may have more for you tomorrow
before his 10:30 mtg. As you'll see, some of the info below is potentially
problematic (especially IBT info) if it gets out that it came from us, hence
the emails about confidentiality. We trust you to use it wisely though.

Finally, with the exception of the UFT and NEA we have very good
relationships with the Presidents of these unions and are happy to help with
either pre-emptive calls or as a follow-up afterwards.

. Building & Construction Trades (AFL/CIO) -- Mark H. Ayers

o Ayers is going to want to know how the group will be handling the
construction, retro-fitting, etc (will they commit to doing the work
union?). We think it would be good to give the BCT Secretary-Treasurer Sean
McGarvey (the #2 person) a heads- up before Richardson and Ayers meet to
help set the table a bit if that's okay. And as Chuck mentioned, Mike
Monroe is Ayers' Chief of Staff and was Hillary's Labor person on her
Presidential campaign and not happy with Richardson's handling of the Obama
endorsement, so an advance warning to McGarvey can help us make sure there
will be no surprises (McGarvey will keep Monroe under control).

. International Brotherhood of Electrical Workers (IBEW) -- Robert W.
Pierson

o Not sure why Richardson has Pierson as his point of contact; he is the
Chairman of the union's Executive Committee (he's out of Chicago) but the
top two officers are Ed Hill (General President) and Lindell Lee (Secretary-
Treasurer). I would think that Richardson should ask for a mtg with Hill
first unless there is history that we don't know about. Hill is a big dog
in the AFL-CIO (the IBEW holds the mortgage on the AFL-CIO's HQ and saved
their butt a couple of years ago when the AFL-CIO had money troubles) and
was the king-maker for Trumka's run to President.

. United Brotherhood of Carpenters -- Douglas J. McCarron

o McCarron is the great unknown in the Labor movement and a wildcard.
Doesn't belong to Building Trades or AFL-CIO but may ask similar questions
as Ayers about building union or non-union, etc. Has a ton of cash (at
least that's the rumor)!

. United Steelworkers (USW) -- Leo W. Gerard

o Leo's biggest ongoing issue and concern is trade and loss of American
jobs. We assume that since Richardson put this list together he has an
existing relationship with Gerard but we know that Leo was angry with
Richardson (and other Cabinet officials) in the past for support of Clinton
- backed trade deals (sorry Eric).

. International Union of Painters & Allied Trades (IUPAT) -- James A.
Williams

o See Mark Ayers notes. Plus, the Painters have invested aggressively in
Real Estate in the past.

. United Federation of Teachers (UFT) -- Michael Mulgrew

o We have no relationship with UFT (New York City Teachers union) but
Richardson is historically well thought of in public sector unions.

. National Education Association -- Dennis Van Roekel

o See UFT notes.

. American Federation of State, County & Municipal Employees (AFSCME)
-- Gerald W. McEntee

o McEntee is leading the fight for public sector unions against the
attacks by Republican and some Dem (Cuomo and Jerry Brown) Governors and
state legislators. He is both hated and respected by other union Presidents
(and within his own union) but he controls a huge treasury and as with other
important public sector unions on this list (Teachers, Firefighters) AFSCME
has a seat on most state public pension funds.


. Service Employees International Union (SEIU) -- Mary Kay Henry

o New President, trying to make her mark in the shadow of Andy Stern. I
(Mike) worked with her in December to negotiate a contract with one of their
Pennsylvania employers (Express Scripts) and saved 700 jobs, so if it would
help, I'm happy to make a call to her in advance of or after a Richardson
mtg (I think she feels like she owes me. it's a long story). She is very
progressive politically but I don't know much about her investment strategy
other than to note that SEIU, Teachers and a few other public employee
unions are negotiating to support a Building Trades - backed (ULLICO)
infrastructure fund in an attempt to get the Trades to support their fights
on state budgets.

. Communications Workers of America (CWA) -- Larry Cohen

o As with Gerard, trade matters to Larry (they share policy and
legislative advisors) and the merger of CWA with UAW only heightened that
focus. Larry is one of the rising stars in Labor and has forged good
relationships with Hoffa, Joe Hansen (UFCW), Mary Kay Henry, and Bob King
(UAW, and who now controls the huge VEBA fund that arose from the auto
bailout). Could be a great advocate for Richardson if he buys in.


. International Brotherhood of Teamsters (IBT) -- Jimmy Hoffa, Jr.

o Personal notes - does not like to be called Jimmy (prefers Jim) and is
uncomfortable talking about his father (another long story). But Hoffa
likes meeting w/ famous people so I know he will be interested in seeing
Richardson and will offer to help. however, follow-up is a different story.

o Hoffa still has the power to influence investment strategy for IBT funds
but not as much as in years past. Due to some questionable investment
decisions (can explain via phone), the IBT General Treasury and the "Family
Plan" (Headquarters staff and National Officers') pension fund have dropped
significantly over the past 3 years or so and the IBT has cut staff and
frozen pay. Hoffa is up for election this year (Nominating Convention in
July, ballots mailed in November, counted in December) and has a real fight
on his hands with a potential for a 3-way race. Every decision is viewed
through the prism of the election so I don't know how focused he will be on
a mtg at this time. In years past, he could have called the trustees of
other Teamster funds and urged them to make investments but his influence,
especially in light of the highly publicized poor performance of the
IBT-controlled funds, makes that less likely now. His standing with other
General Presidents has diminished as well (one more long story) so I
wouldn't expect much help there.

. International Association of Fire Fighters (IAFF) -- Harold
Schaitberger

o See other public employees notes. Also, we are very close with Harold
and his key advisors, especially Kevin O'Connor (who Arlene has already met
with and who is hosting a dinner for us with several IAFF fund trustees on
March 14th).. We are trying to get the latest info on their perception of
Richardson and will get it to you asap. However, if it's appropriate, we
can help make sure Harold is in the right frame of mind before a Richardson
meeting by briefing the advisors in advance. Obviously your call, but an
available option.


From: Eric Schwerin [mailto:eschwerin@rosemontseneca.com]
Sent: Wednesday, February 16, 2011 2:37 PM
To: Chuck Harple; Mike Mathis
Subject: Richardson List


Richardson List


Unions
Buildin & Construction Trades (AFL/CIO)
Mark H. Ayers
International Brotherhood of Electrical Workers (IBEW)
Robert W. Pierson
United Brotherhood of Carpenters
Douglas J. McCarron
United Steelworkers (USW)
Leo W. Gerard
International Union of Painters & Allied Trades (IUPAT)
James A. Williams
United Federation of Teachers (UFT)
Michael Mulgrew
National Education Association
Dennis Van Roekel
American Federation of State, County & Municipal Employees (AFSCME)
Gerald W. McEntee
Service Employees International Union (SEIU)
Mary Kay Henry
Communications Workers of America (CWA)
Larry Cohen
International Brotherhood of Teamsters (IBT)
Jimmy Hoffa, Jr.
International Association of Fire Fighters (IAFF)


Eric D. Schwerin

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>

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