From:doug.band@teneoholdings.com To: john.podesta@gmail.com Date: 2013-09-30 17:37 Subject:

Chief, Thank you again for doing this, means more to me than you know. Had a hard time writing this as you can imagine. I spent hours in front of a blank screen so I had some help from my teneo folks Tried to tone it down but will let you have a look Best, Doug Dear..., Last week, I was in New York for the Clinton Global Initiative (CGI) and I saw a friend who, without his ingenuity and help, CGI would never have existed. Some of you know Doug Band personally, some of you have heard about him for years. For those of you who only know about him from the press coverage he received last week, it only felt right to take the time to help set the record straight and talk about Doug from the perspective of someone who knows him well, especially since Doug is a private person who would never do this himself. I first met Doug when he was a young man working in the White House, all of 22 years old and fresh out of college. Since that moment, Doug has spent a lifetime serving President Clinton and advancing his causes and beliefs. Doug was then as he is today – smart, loyal and driven to make a difference in the world. The White House is full of ambitious people: everyone knows that. But even in the building that houses some of the people who literally run the world, Doug outworked everyone around him (which is how he then became the youngest deputy assistant to the President), . And on top of this, he got his Masters and JD from Georgetown at night – in fact, he was my student there, a full five years after I first met him. After President Clinton’s term ended, the Clinton family asked Doug to stay and work in the post-presidency. Doug turned down a lucrative job at Goldman Sachs to help the President transition into private life, even in the midst of a difficult time when President Clinton’s approval rating was lower than it had ever been, and many had left the President’s side for greener pastures. The decision Doug made to stick with the President was made out of loyalty, and I always admired that. But in a very short period of time, and at an astonishingly young age, Doug not only helped build and guide the Clinton Foundation, he also traveled the world with the President , came up with the idea for the Clinton Global Initiative, and worked to turn it into an entity that has helped literally hundreds of millions of people across the globe. And Doug’s work isn’t limited to CGI. When President Obama asked President Clinton to go to North Korea in 2009 to free two journalists that had been imprisoned, Doug was the critical piece in making the trip happen and leading negotiations. It was Doug that helped organize the relief efforts for several global disasters including the 2001 Gujarat earthquake, 2004 Indian Ocean tsunami and 2005’s Hurricane Katrina. And Doug did all of this while also being someone who has spent most of the past dozen years saying no” – an unenviable task for every close Presidential advisor who has to act in the best interest of the President. As someone who has also held this kind of a role, I know full well that it is a difficult position to be in. That’s why CEOs, world leaders leaving office, philanthropists and academics from all of the world seek Doug’s advice and help: he has a truly global perspective, he knows how to make things happen, and he works harder than anyone else. Those are good qualities to have. And that’s why people are drawn to him. It’s why he teaches at NYU, is on the board of Georgetown University, serves on an array of committees and boards for a wide variety of causes, and takes hundreds of meetings each year with young men and women who come to him looking for life and career advice. For those of you that know Doug, can you ever recall him turning down the chance to help out a young person? How many people do you know that can credit Doug with helping them find their job, decide where to attend school or grow professionally? I can tell you it’s a long list of people. Now, in this next chapter in Doug’s life – and still at an incredibly young age – he has created and built a new organization, Teneo, an advisory business that in just two years has over 200 employees in 11 countries. Teneo has hired top level talent from both sides of the aisle, from every major institution, government agency, and industry. And while many of you probably saw President Clinton’s incredibly supportive and positive comments about Doug on CBS This Morning, Teneo’s work has extremely little to do with President Clinton, if anything. Doug doesn’t need to build a firm on the back of anyone: anyone who knows him knows that his own talents are more than enough. I don’t often write emails like this, but sometimes when you see a wrong, you feel compelled to right it. That’s the case here, and even though Doug will probably hate everything I just wrote, someone needed to set the record straight, and I’m glad I had the chance to do it.