Concord Partners says it has terminated Alina Habba Mildon for cause, citing a failure to perform duties described as “usual and customary” for a General Counsel, according to the text of private company correspondence provided for this article.
A separate official update states that Habba Mildon ceased performing her duties as General Counsel and Advisor for Concord Partners or any of its associates or affiliated companies effective November 1, 2026. She will retain the US$6.5 million previously paid to her.
The correspondence provides Concord’s stated contractual reason for the termination, adding a performance allegation to a professional relationship already under scrutiny over its reported compensation arrangements.
Concord cites failure to perform General Counsel duties
In setting out its decision, Concord invokes a termination provision in an amendment to Habba Mildon’s employment agreement. The company links its allegation to the agreement’s definition of the responsibilities normally associated with the General Counsel position.
The stated grounds concern the performance of her professional duties. The correspondence does not identify particular assignments, missed deadlines or incidents underlying the allegation.
It also states that any dispute arising from the termination must be resolved through arbitration under the employment agreement. That reference sets out the dispute process asserted by Concord; it does not establish that arbitration proceedings have begun or that an arbitrator has ruled on the company’s allegation.
US$6.5 million already paid will be retained
The separate official update confirms that Habba Mildon will retain US$6.5 million previously paid to her. It does not specify what, if any, further payments are contemplated.
That amount is distinct from the total value of the agreement described in earlier public reporting. The New York Times reported in October that Habba Mildon had secured an arrangement guaranteeing more than US$50 million over four years, including annual compensation of US$10 million and additional bonuses.
The newspaper identified Concord Partners as a company established by Isabela Herrera, the daughter of banker Julio Herrera Velutini. It reported that Habba Mildon finalised her agreement shortly after the company was established in late October 2025 and formally began work on January 1, 2026.
The November 1 effective date places the end of her duties within the first year of that reported engagement. The information provided does not set out a final settlement of the parties’ remaining contractual rights or obligations.
Termination follows public scrutiny of the agreement
President Donald Trump publicly criticised the compensation arrangement on October 31, describing it as “totally obnoxious and outrageous” during remarks to reporters at Mar-a-Lago.
Trump also said he had told Habba Mildon that he did not want her to be paid, Reuters reported.
The effective date in the official update falls the following day. Concord’s correspondence, however, identifies alleged failure to perform General Counsel duties as its stated reason for termination and does not attribute the decision to Trump’s comments.
Earlier scrutiny of the agreement also examined its timing alongside Trump’s January 15, 2026, pardon of Julio Herrera Velutini.
Habba Mildon denied receiving compensation to secure a pardon and denied undertaking work to obtain one. She also said she had not met with anyone at the White House or Justice Department about a pardon, Reuters reported.
The New York Times separately also reported that the Justice Department said Habba had not spoken to anyone about a pardon. A White House official also told the newspaper that she had no role in obtaining it. Those statements concerned the pardon controversy, a separate issue from Concord’s newly stated performance allegation.
Sources & further reading
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