“I know this e-mail may/will depress you. However, I believe it's my job to address issues you'd prefer not to confront. You told me years ago that it's OK to raise the 'diversification issue' with you quarterly. ... Well, I'm doing so. View this as a call to arms.”
“$100 million is a lot of money ... There's nothing wrong with keeping the (foundation) budget at $35M/year ... or even reducing it in a sensible manner.”
