Chapter 12 - Marcus Discovers His Equity Options Were Backed By Arthur
Desperate for cash, Marcus visited his corporate benefits office to cash out his employee stock options. The human resources director looked across her desk at Marcus with an expression of cold professional pity.
"Mr. Coleman, your stock options were entirely structured and underwritten by Sterling Capital Partners as a startup incentive," the director explained.
"So? They're mine! I earned them through my quarterly performance metrics!" Marcus argued frantically.
"Under clause twelve of the venture agreement, any employee whose contract is terminated for gross ethical misconduct forfeits all equity," she stated calmly. Marcus slammed his palms onto the desk, his face turning red with burning rage.
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"You can't do that! That's my entire retirement savings!" he yelled.
"Security, please escort Mr. Coleman out of the building immediately," the director commanded without blinking. Marcus realized he was officially left with zero savings, zero career prospects, and massive credit card debts accumulated for the wedding.
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