Chapter 40 - A Boardroom Without Adrian
For the first time, Adrian was not permitted to lead the discussion of a Moretti Capital investigation. Independent directors met with outside counsel and the auditors without him.
He called me after their session. “I was furious for most of the morning.”
“What changed?”
“They asked for documents I would never have thought to ask for.”
“Because they weren't trying to defend your first conclusion.”
“Yes.” He sounded almost embarrassed. “Exactly.”
The inquiry was limited but widening: who revised the valuation assumptions, who authorized the external transfer, whether any personal trust assets were improperly represented in company financial materials, and whether the offering documents reflected known risks.
“What happens to the offering?” I asked.
“Delayed.”
He said it without the usual fury. That startled me more than if he'd shouted.
May you like
I was at my kitchen table finishing a bookstore elevation drawing. A little paper sun hung above the desk because Elena had decided the room needed color.
For once, an enormous financial event had happened somewhere else and did not require me to leave my work unfinished.
