Chapter 15 - Michael Loses His CEO Position At The Family Firm
While Michael was still at the hospital, an emergency board of directors meeting was convened at Vance Global headquarters.
Due to the massive financial scandal and empty treasury accounts, the corrupted board members moved swiftly to protect themselves.
Arthur Sterling rushed into the hospital waiting room to deliver the final corporate blow to Michael.
“The board just held an emergency vote, Michael; they stripped you of your CEO title and appointed an interim receiver,” Arthur reported.
“They voted me out while my wife is recovering in a hospital room? After everything my family built?” Michael raged.
“Marcus and Chloe orchestrated the board’s panic by leaking fake bankruptcy rumors to the financial press,” Arthur explained.
Michael rubbed his tired eyes, feeling the pillars of his professional and personal life crumble simultaneously around him.
“Is there anything left of the company that isn't tied up in federal litigation?” Michael asked quietly.
“Only the core manufacturing plants in upstate New York, which your mother placed in a protected family trust years ago,” Arthur said.
Martha Vance’s historical foresight had saved the core business from being swallowed by the fraudulent bankruptcy liquidation.
May you like
“Thank god for my mother,” Michael whispered, realizing their only salvation lay in the roots of their past.
***
Related Stories
