This chapter is not meant to stand alone. Please begin at the first chapter to appreciate this tale. I apologize for the length of time between this chapter and the last one.
* Thursday afternoon and evening, October 26
Cheryl Babcock walked out of my office as I approached it from the elevator. She turned and looked at me, "I just left the coffee carafe and the cups on your table. Emerson and the attorney want to see you right away. Should I tell them you're here?"
"Sure, how'd you know I just gotten here?"
"Denise in reception called me."
Covering for Grace for the few days, Cheryl, our office manager was a year or so younger than Emerson and I, and had worked for us for about 16 years, or maybe it was 17 years now. About five-eight in two inch heels, with light brown wavy hair to her shoulders she was a lovely mature woman. She almost always wore dresses or a skirt and blouse with hose and heels. Unlike Grace, I don't remember seeing her in pants. Usually effervescent, her pretty face highlighted by her brown eyes and usually a radiant smile. Not now, though, she looked quite unhappy.
"Not a happy camper today?" I asked.
"No, sorry, I've a personal problem."
"Wanna talk?" I asked. Our daughters were two years apart and had known each other since pre-school. Her son, Max, I remembered was younger than Katrina. Cheryl and Marty had been good friends. Though they often shared concerns and celebrations, Cheryl was sincerely stunned by Marty's affair.
"If you'd be able to take some time today? I'd really appreciate it," she replied.
"Certainly, I'll let you know when I've finished this meeting and made a few calls. Would early this afternoon be okay?"
"Yes, thanks. I'll get Emerson and the attorney and send them in."
Emerson had a frown on his face as he walked into my office three minutes later. "Is there a problem?" I asked as he sat down on one end of the couch.
"A minor one. They don't want us to pay the bonuses to Jim, Frank, Gordon and Grace out of pre-closing funds. They're expecting you and I to cover them with a post-closing reimbursement."
I took a deep breath as I settled into my chair, looked at Irwin before looking at Emerson. "Nonsense, it's our company until we close, we'll pay the bonuses pre-closing with a 50% gross-up for a total cost of six mill, four net and two for taxes." Emerson nodded his head in agreement. I suspected that this was the buyer's strategy to gain a concession thinking we'd blink with so much on the table. I suspected that if we conceded this issue that Citi may ask for another concession.
"Is this a deal-breaker?" asked Irwin, the attorney from New York we hired to help us in the negotiations. Bruce, our regular corporate attorney had been wise in bringing Irwin onboard.
"Perhaps," replied Emerson. "They haven't proposed changing the 85/15 cash/stock purchase and the 60 day stock hold period have they?"
"No, but they've always wanted a 60/40 split with a 90 day hold. You cleared that up early on but they could use this to push to change the split at the last moment to a 70/30 split. Why don't I go back to them and propose that you'll accept the bonus change in exchange for a 30 day hold and that they sweeten the pot with six month stock options that if exercised could yield much of what you're giving in bonuses," proposed Irwin.
"Should we mention that Bank America had expressed interest three weeks ago?" asked Bruce.
"They moved on the split when I mentioned BofA's interest. It wouldn't hurt to remind Citi that if they equivocate now that we're prepared to open talks with BofA within hours. I believe they want to have an agreement quickly. They're testing our resolve to see if they can change the terms to be more in their favor. With our accepting their request with our conditions attached and a few judicious statements that we're prepared to walk if they don't accept our conditions, I think that we'll have an agreement."
"What happens to the 31st closing?" I asked.
"I guess it could be pushed back depending on their response and inserting new language in the contract," responded Irwin. "If they agree today or tomorrow, and the changes are made by late tomorrow, and Mike and my team in New York give it a positive review within 12 hours, the closing could still happen on the 31
st
, the 2
nd
at the latest."
Emerson said, "Call their counsel and we'll talk again based on their response."
After chatting about other issues for another half hour, Emerson, Bruce and Irwin left and I called Veronica's cell. "Hi lover, did I awaken you. You sound a bit groggy, late night?"
"Mmm, hi handsome. Yes and no, Grace is in the shower and I've been dozing waiting for her to finish. She fell asleep while I was getting ready for bed late last night, so no, nothing intimate last night."
"I love you and I miss you. There's a glitch, probably minor, but the closing could be pushed back and I suggest that perhaps you and Grace should cool it until the closing date is certain again. Will that cause a problem?"
"I'm disappointed, yes, but it's not a problem. Life'll go on and perhaps on Sunday when she comes over we'll have a better idea about the 'glitch'. I understand what you're saying from an employer/employee standpoint and I won't quibble. By the way, how was ... Corinne, is it? ... last night?"
"No comparison to you or even to her daughter, but she was enjoyable. I think our fuck-session opened her eyes to a few issues that she's been in denial about. She seemed happy enough when I left this morning," I replied.
"We have to come back out here, the four of us, sometime soon. This is a romantic city and I know the girls'd love being here with us. I miss you handsome. I miss your touches, your mouth and your cock. I miss your presence. I love you so much, so very, very much. My heart aches for you."
"I love you too, Veronica. Enjoy your gala tonight and I'm sorry about delaying your plans with Grace. Oh, have Grace announce that we'll, you and I, pledge the same gift for the next three years."
"Wow, we're really generous aren't we? You can tell her yourself, here she comes. I love you handsome."
I heard her say as she handed the phone to Grace, "It's Scott, good news, bad news."
"Hi, Scott," bubbled Grace evidently more awake than Veronica. "Good news, bad news, eh?"
I told her about the closing glitch and what I thought it meant, and then about announcing the pledge for the next three years. Grace was palpably disappointed but philosophical as well. "It won't be instant gratification, but nonetheless certainly worth waiting for. The bad news isn't all that bad, we can still enjoy ourselves and I'm sure the good news will be well received this evening. Thanks for calling, and I hope the problem's quickly resolved. See you Sunday perhaps without any clothes." mused Grace as she hung up.
##
Mary Claire despite a few detours due to road construction arrived at the campus a bit before ten but only found rare visitor parking spot mid-campus when another car pulled out just as she was twenty yards from the spot. As she walked to the heart of the campus she became confused about direction and knelt on a bench looking at a mounted map of the campus. Unfortunately, Bixby Hall wasn't evident on the map. A tall young woman was walking past, sensed Mary Claire's confusion, stopped, and turned back four steps.
As she walked up to Mary Claire she extended her hand and said, "Hi, I'm Gloria Graham, you look lost, may I help?"
Mary Claire returned the firm grasp with "I'm Mary Claire Peters, I am and I hope you can. I'm looking for Bixby Hall, the art department and I don't see it on the map. I was told it was at one end of the campus."
"Oh, that's part of the Sam Fox School of Design and Visual Arts and it's that way," pointing to her right. "I'll be glad to walk you through the Quadrangle and point it out to you," said Gloria warmly. "It's somewhat in the direction I'm headed."
They walked towards Sam Fox talking about the campus and college life. Mary Claire glanced up at the clock in the quadrangle and noticed that she was forty-five minutes early. "Anywhere nearby to grab a cup of coffee, or do you need to leave right away?" asked Mary Claire.
"No. And there's a coffee shop right over there." As they returned from the shop carrying paper cups they sat on a bench in the morning sun and enjoyed each other's company and began to get acquainted.
"You're a student here?" Mary Claire asked as she put her notebooks on the bench.