Chapter 11 - The Restructuring Of Thorne Capital
Three weeks later, the board of directors of Thorne Capital convened an emergency meeting in their Midtown Manhattan skyscraper.
The room was filled with forty wealthy institutional investors, corporate attorneys, and Wall Street executives in expensive suits.
Marcus Thorne was currently sitting in a federal detention center in Brooklyn, denied bail as a flight risk.
The board was prepared to vote on a total liquidation of the firm’s four billion dollars in assets to satisfy federal fines.
The heavy mahogany doors opened, and Khloe Vance walked into the boardroom, wearing a stunning white executive suit.
Beside her walked her legal team and Special Agent Miller, who carried a federal clearance order signed by the Treasury Department.
“Good afternoon, gentlemen,” Khloe announced, taking her seat at the head of the long conference table.
“As the owner of sixty percent of Thorne Capital’s voting shares through the Vance Trust, I am canceling the liquidation vote.”
The board members gasped, whispering frantically among themselves as Khloe laid out her restructuring plan.
“Under my leadership, Thorne Capital will be renamed Vance Global Financial,” Khloe stated with absolute authority.
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“Every dollar of laundered money will be returned to the federal government, and our operations will be fully audited.”
Within thirty minutes, thirty-eight out of forty board members voted to confirm Khloe as the new Chief Executive Officer.
