Chapter 12 - NATHAN ASKED ME TO SAVE THE COMPANYWhen lender covenants broke, Nathan called.
“Evelyn, we need to talk.”
“No.”
“The company could fail.”
“Then talk to the board.”
“You are the board.”
“Not alone.”
He started crying.
Interesting.
Then:
“Thousands of employees depend on us.”
Classic.
Use employees as shield after executives create risk.
I did care about them.
So did Sophia.
So did Dad.
We agreed to a restructuring.
But not one that saved Nathan’s control.
Independent board.
New CEO.
Debt converted partly to equity.
Store expansion halted.
Core manufacturing protected.
Nathan’s shares diluted.
Grant-linked lenders investigated and excluded where conflicts existed.
Employees kept jobs where viable.
Some stores closed.
Painful.
Real.
The company survived.
May you like
Without Nathan as king.
Amazing.
Related Stories
Chapter 13 - MY MOTHER AND FATHER FACED EACH OTHERTheir reunion happened privately.
Chapter 14 - GRANT FINALLY ADMITTED WHAT HE DIDGrant’s version was infuriating because he believed himself.
Chapter 15 - THE RING IN THE GLASS CASEThree years later, Vale & Mercer reopened its original flagship store under new governance.
