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Chapter 3 - The Boardroom Execution

At 9:00 a.m. the following morning, the glass-and-steel skyscraper housing Vance-Grant Innovations was in complete turmoil.

Grant rushed through the lobby, his suit wrinkled, his eyes dark with sleep deprivation. He had spent the night in a cheap hotel after being kicked out of my estate. He stormed toward the executive elevator, intending to lock himself in his office and figure out a way to cover his financial tracks.

When the elevator doors opened on the penthouse floor, he froze.

The entire board of directors was gathered in the main conference room. And sitting at the head of the long mahogany table—in the chief executive chair Grant had occupied for six years—was me.

Beside me sat Claire Vance, my cousin and the lead corporate attorney for the Vance Estate.

Grant burst into the room, slamming his fists on the table. “What is the meaning of this?! Naomi, you have no position in this company! Get out of my seat!”

Claire didn’t even look up from her tablet. “Sit down, Grant. Before you make your situation legally worse.”

“This is my company!” Grant roared, pointing a finger at the board members. “I am the CEO! I own fifty-one percent of the founder shares!”

“Correction,” I spoke up, my voice calm and commanding. “You owned fifty-one percent until 8:00 this morning.”

I slid a stack of legal documents across the table toward him.

“Ten years ago, when I provided the three million dollars in seed capital to start this firm,” I said, “we signed a Convertible Debt Agreement. Clause 14B explicitly stated that if the acting CEO engaged in illegal financial conduct or acted against the fiduciary interest of the firm, the debt would automatically convert into Class-A voting equity at a discounted rate.”

Grant snatched the paper, his hands trembling violently as he scanned the lines. “No… no, this is impossible!”

“Your bank fraud committed yesterday morning triggered Clause 14B,” Claire added seamlessly. “Naomi’s debt has converted. She now holds sixty-two percent of the total voting shares in Vance-Grant Innovations. Your equity has been diluted to less than nine percent.”

Grant looked at the board members, his eyes wild with panic. “Arthur! Samuel! You’ve worked with me for years! You can’t let her do this!”

Arthur, the oldest board member and a long-time friend of my late father, looked at Grant with pure contempt. “You used company funds to buy luxury apartments for your mistress, Grant. You brought federal bank fraud investigations to our doorstep. You’re lucky Naomi isn't having you arrested right here in this room.”

I stood up, buttoning my sharp white blazer.

“By power of majority equity,” I declared, looking Grant dead in the eye, “I move for the immediate termination of Grant Vance as Chief Executive Officer, effective immediately. Furthermore, all personal access cards, company vehicles, and executive expense accounts assigned to him are revoked.”

“Seconded,” Arthur said immediately.

“All in favor?” I asked.

Every single hand at the table went up.

May you like

Grant stood frozen as two armed private security officers stepped into the boardroom, stepping up behind him.

“Mr. Grant,” the lead guard said firmly. “Please surrender your company badge and step away from the table.”

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