Observations
- Millionaire
Estimated Net Worth
- $5.2 M - $17.1 M
Salary
- Unknown
Employment
- Started 03/18/2021
Financial Disclosure Details - OGE Form 278e (05/31/2022)
Positions Held Outside United States Government
# | Organization | City | Position | To |
---|---|---|---|---|
1 | Washington DC, District of Columbia | President | 3/2021 | |
2 | Memphis, Tennessee | Board Member | 2/2021 | |
3 | NY, NY and London, Outside U.S. | Global Advisory Board Member | 3/2021 | |
4 | New York, New York | Member, Board of Directors | 1/2021 | |
5 | New York, New York | Member, Board of Trustees and Advisory Council | 1/2021 | |
6 | New York, New York | Member, Board of Directors | 1/2021 | |
7 | Washington, District of Columbia | Member, Board of Directors | 1/2021 | |
8 | New York, New York | Member, International Board | 1/2021 |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
---|---|---|---|---|
1 | Carnegie Endowment for International Peace | Salary | $17,604 | |
2 | Macro Advisory Partners (global strategic advisory firm) | Salary | $37,500 | |
3 | International Paper Co. (IP) | Director Fees (cash compensation) | $18,667 | |
4 | Makena Capital Management LLC | Annual board payment (for CY2020 services)(resigne d 12/20) | $200,000 | |
5 | Carnegie Endowment for International Peace 403(b) Account | |||
5.1 | T Rowe Price Retirement 2030 Fund (TRRCX) | $500,001 - $1,000,000 | None (or less than $201) | |
6 | "Back Channel: A Memoir of Diplomacy and the Case for Its Renewal," Random House (value not readily ascertainable) | Rent or Royalties | None (or less than $201) | |
7 | International Paper Stock (vested common stock) | $100,001 - $250,000 | Dividends | $1,001 - $2,500 |
8 | International Paper Restricted Stock Units (vested) | $1,000,001 - $5,000,000 | None (or less than $201) | |
9 | "Back Channel: A Memoir of Diplomacy and the Case for Its Renewal," Hurst Publishers, UK Foreign Rights (value not readily ascertainable) | Rent or Royalties | $2,501 - $5,000 |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
---|---|---|---|---|
1 | Washington, District of Columbia | I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. | 3/2015 | |
2 | Memphis, Tennessee | In accordance with the terms of the International Paper Company Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (Plan), when I resigned from my position with International Paper, a pro rata portion of my restricted stock vested based on the number of months that I served on the board during the period May 2020-April 2021. I forfeited any restricted stock that was unvested as of the date of my resignation. Also pursuant to the Plan, in January 2022 International Paper liquidated my vested restricted stock units and gave me a cash payout that was determined based upon the closing value of the stock as of December 2021. | 2/2015 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
---|---|---|---|
Nothing reported in this section |
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
---|---|---|---|---|
1 | United Nations/Office of Coordinator for Humanitarian Affairs (OCHA) | salary | ||
2 | Center for Strategic and International Studies 401(k) | |||
2.1 | TIAA Traditional | $15,001 - $50,000 | None (or less than $201) | |
2.2 | CREF Stock R2 | $50,001 - $100,000 | None (or less than $201) | |
2.3 | CREF Inflation Linked Bond R2 | $15,001 - $50,000 | None (or less than $201) | |
2.4 | CREF Money Market R2 | $1,001 - $15,000 | None (or less than $201) | |
3 | United Nations Defined Benefit Pension Plan (value not readily ascertainable) | Retirement Payments |
Other Assets and Income
# | Description | Value | Type | Amount |
---|---|---|---|---|
1 | INVESTMENT ACCOUNT | |||
1.1 | American funds EuroPacific Growth Fund Class F2 Shares (AEPFX) | $250,001 - $500,000 | $5,001 - $15,000 | |
1.2 | American Funds New World Fund, Inc Class F2 Shares (NFFFX) | $250,001 - $500,000 | $1,001 - $2,500 | |
1.3 | AMG Yacktman Fund Class I Shares (YACKX) | $100,001 - $250,000 | $1,001 - $2,500 | |
1.4 | BlackRockGlobal Allocation Fund, Inc Institutional Shares (MALOX) | $100,001 - $250,000 | $2,501 - $5,000 | |
1.5 | Cullen High Dividend Equity Fund Class I Shares (CHDVX) | $100,001 - $250,000 | $2,501 - $5,000 | |
1.6 | First EagleGlobal Fund Class I Shares (SGIIX) | $250,001 - $500,000 | $5,001 - $15,000 | |
1.7 | Goldman Sachs GQG Partners International Opportunities Fund Institutional Class Shs (GSIMX) | $100,001 - $250,000 | $2,501 - $5,000 | |
1.8 | Invesco Balanced-Risk Allocation Fund Class Y Shares (ABRYX) | $100,001 - $250,000 | $15,001 - $50,000 | |
1.9 | Permanent Portfolio Class I Shares (PRPFX) | $100,001 - $250,000 | $201 - $1,000 |
Transactions
# | Description | Type | Date | Amount |
---|---|---|---|---|
1 | PIMCO Income Fund Class R - Shares (PONRX) - multiple | Purchase | $15,001 - $50,000 | |
2 | First EagleGlobal Fund Class -I Shares (SGIIX) - multiple | Purchase | $15,001 - $50,000 | |
3 | Vanguard Institutional Short-Term Bond Fund Institutional Plus Shares (VISTX) | Purchase | 12/29/2021 | $50,001 - $100,000 |
4 | Permanent Portfolio Class I Shares (PRPFX) | Purchase | 12/09/2021 | $1,001 - $15,000 |
5 | T Rowe Price Dividend Growth Fund, Inc (PRDGX) | Purchase | 12/15/2021 | $1,001 - $15,000 |
6 | AMG Yacktman Fund Class I Shares (YACKX) | Purchase | 12/16/2021 | $1,001 - $15,000 |
7 | Invesco Balanced-Risk Allocation Fund Class Y Shares (ABRYX) | Purchase | 12/17/2021 | $15,001 - $50,000 |
8 | American Funds EuroPacific Growth Fund Class F2 (AEPFX) - multiple | Purchase | $15,001 - $50,000 | |
9 | American Funds New World Fund (NFFFX) | Purchase | 12/20/2021 | $15,001 - $50,000 |
10 | Goldman Sachs GQG Partners International Opportunities Fund Institutional Class Shs (GSIMX) - multiple | Purchase | $1,001 - $15,000 |
Liabilities
# | Creditor | Amount | Incurred | Term |
---|---|---|---|---|
1 | Wells Fargo | $250,001 - $500,000 | 2008 | 30 year fixed |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
---|---|---|---|---|
Nothing reported in this section |
Endnotes
Section | # | Description |
---|---|---|
2 | 7 | In May 2021, a pro rata portion of my restricted stock vested based on the number of months I served on the board during the period May 2020 - April 2021. I forfeited restricted stock that was not vested as of my resignation date. |
2 | 8 | Per my nominee 278e report, in January 2022 International Paper liquidated these RSUs based on the value of the stock as of 12/31/21. |
5 | 1 | My spouse retired September 2021. |
6 | 2 | Holding inadvertenly omitted on Nominee Report. De minimis value at all times during reporting period. |
6 | 3 | International Paper's board of directors announced in Sept. 2021 that it declared a distribution of outstanding shares of Sylvamo Corp. such that each International Paper shareholder received one share of Sylvamo common stock for every eleven shares of IP common stock held on the record date. |
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