Chapter 3 - Grace Owned More Than Ethan Knew
Calloway Systems had begun in Ethan’s apartment twelve years earlier.
That was the story magazines told.
It was incomplete.
Grace had put in the first $180,000.
Money inherited from her grandmother.
She had also introduced Ethan to the regional distributor that became their first major client.
When outside capital arrived, Grace stepped away from operations.
Ethan became the face.
Over time, he started speaking as though the company were entirely his creation.
But Grace never surrendered her economic rights.
A family investment entity she controlled still owned 17.8 percent of Calloway Systems.
Ethan knew that number.
He had simply stopped thinking about what it meant.
Three months earlier, the board began exploring a strategic transaction with Pierce Global.
Ethan opposed it.
May you like
Grace did not.
Her shares were large enough to matter.
