Chapter 12 - Garrett Loses Control Without Losing Everything
The special committee concluded Garrett breached fiduciary duties in
connection with the proposed dilution process and failed to disclose
conflicts involving Bianca.
After negotiations, Garrett resigned as CEO.
He remained a shareholder.
Rosalie did not seize his shares.
The company did not magically become hers.
An interim CEO was appointed while the board searched externally.
That surprised people who expected Rosalie to take over.
She declined.
“I don’t want a job created by my divorce.”
Her thirty-percent stake remained intact.
The IPO was postponed.
Blue Horizon was restructured at a smaller scale.
Projected profits fell dramatically from Bianca’s headline number.
The revised project was less exciting.
It was also financeable.
West Enterprises survived.
Garrett moved out of their home.
The divorce became contentious but not theatrical.
Forensic accountants identified marital and separate assets.
Rosalie rejected the original fifty-million-dollar settlement.
She also rejected friends who told her to “take him for everything.”
She wanted an accurate division under applicable law and their
agreements.
Nothing more.
Nothing less.
The same principle guided the debt.
Bradford Capital did not forgive West’s obligations.
It did not accelerate them for revenge.
The loans performed under their terms.
Garrett had expected Rosalie either to save him or destroy him.
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She chose neither.
She stopped protecting him from consequences.
