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Consequences of Inaction

Ref IMAGES-006-HOUSE_OVERSIGHT_021048.txt Release House Oversight Committee — Epstein Estate Records (Nov 2025) 1 pages

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Consequences of Inaction KP www.kpcb.com USA Inc. | Consequences of Inaction 413 To Take a Step Back... e We Asked the Question — How would public shareholders view USA Inc.? e What Have We Found? — USA Inc.’s finances — short-term and long-term, income statement and balance sheet — are challenged. Management’s policies have created incentives to invest in healthcare, housing, and current consumption rather than in productive capital, education, and technology — the tools needed to compete in the global marketplace. KP www.kpcb.com USA Inc. | Consequences of Inaction 414 HOUSE_OVERSIGHT_021048

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