The Emergency Board Meeting
Chapter 10 - The Emergency Board Meeting
Vale Holdings’ board met at midnight.
Beatrice attempted to chair the meeting.
The original ownership records and trust charter suspended her authority pending audit.
Clara did not take the chair.
Neither did Damian.
Grace Lin, the company’s operations director, became interim chief executive.
The board froze executive bonuses, property transfers, and payments connected to Beatrice’s private companies.
Rowan Trust guaranteed employee payroll for ninety days.
Damian warned that removing Beatrice would frighten lenders.
The lenders confirmed their loans were backed by Rowan guarantees and would remain open under independent management.
The company survived the night.
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Beatrice had spent decades teaching Damian that her authority and the institution were the same thing.
The first morning without her disproved it.
