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Mark's Role and Financial Transparency: Insights from Audit Committees and SEC Filings

This document analyzes the role of Ron Safer as managing partner in the organization concerning financial audits and related-party transactions. It delves into KPMG's audit findings and public SEC filings, revealing Mark's significant total monetary compensation over the years, including salary, bonuses, and stock options, amounting to over $288 million. The discussions emphasize the absence of “secrets” within the audit trails, highlighting that documented transactions do not inherently validate their legitimacy or the adequateness of disclosures.

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Mark's Role and Financial Transparency: Insights from Audit Committees and SEC Filings

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  1. “St. Mark” Ron Safer Managing Partner

  2. Mark’s Rolein the Organization

  3. No Secrets

  4. Tr. 827

  5. Tr. 857

  6. GOV CNHI 27

  7. Audit Committee /Auditors Saw All

  8. Tr. 9011

  9. Tr. 9013

  10. Audit Committee Public SECFilings KPMG Government’s Closing: “Whether KPMG identified this as a related-party transaction, had enough information to do that, that is totally besides the point in this case. It makes no difference at all. . . . It doesn’t matter that it is on the books and records. It doesn’t matter that there’s a paper trail that shows that money was paid.” (Tr. 13689.) Mark Creates An Audit Trail RPT

  11. No Reason To Hide Anything From The Audit Committee

  12. KIPNISTORYS 74

  13. Tr. 2165-2166

  14. Uncontested Compensation 1997-2003 Salary, Bonuses and Other Monetary Compensation Management Fees Noncompetition Payments Stock Options $26.5M (Inc.) $1.3M 300,000 1997 $32.0M (Ravelston) $1.1M 540,000 1998 $38.0M (Ravelston) $1.2M 830,000 1999 $37.8M (Ravelston & Moffat Mgmt.) $5.4M $53M (Can West) 1,140,000 2000 $5.2M (Osprey I & II) $30.8M (Ravelston, Moffat Mgmt., Black-Amiel Mgmt.) $2.7M 1,350,000 2001 $25.6M (Ravelston, Moffat Mgmt., Black-Amiel Mgmt.) $1.3M 1,264,000 2002 $26.0M (Ravelston, Moffat Mgmt., Black-Amiel Mgmt.) (?) ? 2003 Total Number of Stock Options Granted Sub-Total $216.7M $13.0M $58.2M Total Monetary Compensation $288 Million+ 5.4 Million+ Kipnis - Thompson Demonstrative 1

  15. Tr. 9127-9128

  16. Tr. 7070-7072

  17. Tr. 7070-7072

  18. Tr. 7070-7072

  19. SEC Filings

  20. KIPNISTORYS 21

  21. Tr. 7070-7072

  22. Tr. 7070-7072

  23. Tr. 12614

  24. Tr. 12612-12613

  25. Tr. 12612-12613

  26. What Was In It For Mark

  27. Tr. 857

  28. KIPNISTORYS 74

  29. KIPNISTORYS 74

  30. Tr. 9014

  31. He Lived Happily Ever After,Considering The Alternative

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