Re: Full Support

From:robbymook@gmail.com To: cheryl.mills@gmail.com CC: huma@hrcoffice.com, john.podesta@gmail.com Date: 2015-03-18 09:15 Subject: Re: Full Support

Do we need to reach out for politics? Can certainly have jake or others engage him. Can also have Beth reach out for advice. > On Mar 18, 2015, at 1:25 AM, Cheryl Mills <cheryl.mills@gmail.com> wrote: > > FYSA > > cdm > > Begin forwarded message: > >> From: Gary Gensler <gary@gensler.us> >> Date: March 17, 2015 at 3:27:42 PM EDT >> To: Cheryl Mills <Cheryl.mills@gmail.com> >> Subject: FW: Full Support >> >> Cheryl, >> >> Below is a note I sent to Hillary which largely mirrors your and my conversation in the Fall. Though it is quite possible that you have already moved forward and found strong folks to fill the CFO and COO roles, I thought it best to once again state my willingness to help incase that was not yet the case. One update in my thoughts thinking which I had hoped to share if we talked is that I think there are a number of alternative structures. Best might be to have separate CFO and COO roles working very closely with each other. This might not only allow for bringing greater talent and experiences into the campaign but also ensure a segregation of duties between the budget and accounting functions with all of the spending functions. In the Fall, you and I also spoke about the possibility of the CFO and COO roles being under one hat. That is how the Obama folks handled it, though they had a talented budget and accounting person reporting up through the COO. I had wished to let you know that whichever structure you pick, I am available to help. >> >> Further, as I mention in the note, I am available to help on policy, senior relationship calls, fundraising and special projects. This could include some of the roles I served in 08 or others as you desire. In any event, I hope that all is well with you and just don’t hesitate to let me know how and if I might be of assistance. >> >> Gary >> _______________________________________________________________________________________________________________ >> >> March 16, 2015 >> >> Hillary, >> >> I am writing as you approach a possible formal announcement on a run. Foremost, as a friend, you have my full support whatever you decide. You would make a remarkable President. >> >> Once again, I am available full time to be part of a campaign structure, if you wish. In particular, as we’ve discussed, I could serve as a campaign’s CFO. In addition, or alternatively, I could be available to take on senior relationship calls, contribute on economic policy, and/or handle special projects. >> >> When well-managed, the CFO function hopefully will not be as important as a campaign’s other core functions, but it is still quite critical to supporting a successful run for office. >> >> The scale, speed, complexity, transparency, and unpredictability of a modern presidential campaign dwarf that of any other comparable campaign enterprise, and are as risk-laden as any private enterprise finance functions. >> >> Ensuring that budgets are maintained, supplier networks are performing as committed and funds are not wasted are a constant strain on national campaign management. The complexity of projecting, allocating, managing, and tracking the dollars of a 2016 run has only increased since your last run. >> >> The CFO function would best report directly to the campaign manager, be part of the senior strategic team, and oversee budgeting, cash forecasting, accounting, transaction processing, and the various FEC & compliance reporting. The function also could oversee various expenditure functions such as real estate, travel, human resources, or technology purchases if these functions are not managed by a separate COO. >> >> I believe my background and experience are well suited to roles of campaign financial management. I was with Goldman Sachs for 18 years, with my last role being Co-head of Finance, responsible for worldwide Controllers and Treasury, in which I managed over 500 people funding and accounting for a then $250 billion enterprise. >> >> I served as Treasurer of the Maryland Democratic Party for two years, and worked in other senior roles on Maryland campaigns and on your 2008 run. >> >> More recently, serving as Chair of the CFTC for five years involved considerable management challenges, both organizationally and politically. We successfully advocated for and implemented comprehensive reform of the $400 trillion derivatives market and along the way substantially reorganized a 700 person agency. >> >> Other roles have been as Treasury Undersecretary for Domestic Finance and Senior Advisor to Senator Sarbanes on the Sarbanes-Oxley Act. >> >> Upon your direction, I am happy to discuss this with anyone you think appropriate. >> >> Know that whatever you decide, I am with you. >> >> Your friend, >> >> Gary >> >>