[James O'Gara] [printed: June 26, 2007 6:57 PM] [saved: June 26, 2007 6:54 PM] S:\O'Gara\Case

Study.doc

James O’Gara—Termination of Analyst Career

On June 26, 2007, UBS acted as Exclusive Contributor on the termination of employment for James
O’Gara, Analyst Class of 2005

Career Highlights Transaction Highlights

♦ Breaking up with his girlfriend over Project Washington ♦ Progressive check-out since April 30 announcement of transaction
♦ Repeatedly wanting to bludgeon himself to death during Project ♦ Famous last words: “If anyone is looking for me, tell them to f*ck
Concord / Duke off”
♦ Record-setting numbers of failed M&A transactions: ♦ Represents the fifth transaction that UBS has acted as Exclusive
– Impressive three (3) failed attempts to close Project Washington / Contributor to in this analyst year
Project Columbia
– Project Sepia – the pain that knew no end
♦ Managing to eat the same meal on 720 out of the 730 days (98.6%
success rate)
♦ Putting up with the “perfect storm” of Kristin Kusmierz, Pete Francis
and Timothee De Mierry as cubemates
UBS Role
♦ Significant change in demeanor since August 2005
– “Really psyched” to “I just don’t care” ♦ UBS proudly acted as Exclusive Contributor to this transaction
– “Go-getter” to “gone”
♦ Inspiring a new generation of analysts with unprecedented level of
bitterness and sarcasm Exclusive Contributor