Letter from Mark H. McCormack to Andre J. Heiniger
Description:
Concerning the compensation to International Management Group(IMG) for consulting services to Rolex. McCormack addresses such issues as the exchange rate between dollars and Swiss francs, the expansion of the business throughout the world, more "elaborate" fee structures, and other matters. McCormack suggests an amount to be agreed upon and applied retroactively to January 1, 1978. In addition, McCormack confirms that contracts are being sent to Geneva regarding Jean Claude Killy and Arnold Palmer.
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