Babs Ch. 05
Happy? Endings.
Final negotiations for the company's sale went back and forth between me, the outside directors, our valuation consultants, and Mac MacDonald's CFO. It went on for two weeks, and the final offer came in a form that was complex. Each and every shareholder had to vote to go forward with the transaction, which meant that each one had to choose and accept the exact terms for their stock. We had to get both sets of corporate legal people involved daily, because it was not a simple transaction. As a final compromise, all the shareholders, including our founder, took a cash per share number that was about 150% of our original estimates. Our founder said that was enough above the 100% number he expected that he didn't need any more upside. That simplified things immensely and put them all in one homogenous group. The current employees, me included, were in another group that got options in the acquiring company stock.
Our founder and major shareholder also proposed a "success fee" for me and the VPs that reported to me for all the extra effort to carry out the transaction. This amounted to $50,000 for each VP, and $100,000 for me, paid by the selling shareholders out of the transaction proceeds pro rata by their percentage of shares. This was gracious and traditional, but it was like pulling teeth to get the other two outside directors, the two physicians, to agree to paying a dime. At least I didn't have to buy anyone a Rolex with my own money. I agreed to a two-year employment contract in conjunction with the transaction, with my options in the old company to be replaced and augmented with shares in the acquiring company to vest and be fully liquid two years after the closing date. Separately, Sally McCord negotiated a further three-year deal for me, with additional options to vest at 3, 4 and 5 years after the closing, and annual bonus payments based on the net cash flow of the division I would manage.
Sally was an incredible negotiator, and I suppose her personal relationship with Mac MacDonald didn't hurt, either. She knew all his tricks, and she was very happy with the result and teased me about it.
"Adam, I essentially negotiated a deal where you got paid $100K for fucking Babs."
"I just hope I don't have to keep doing it for two more years."
"I think I fixed that too." She smiled like the Cheshire cat but wouldn't tell me any details.
Sally and I were almost ready to celebrate and schedule the signing of all the required documents. Babs had waited patiently for three weeks while all this back and forth went on, but then she freaked out. Just before we were to sign the deal, Babs, and Robert both demanded either a resumption of our Tuesday night sessions or a meeting with all the shareholders to discuss her grievances.
Sally and I agreed to a meeting with Babs alone, not at a hotel, but at a separate conference center near our offices, to encourage restrained behavior and maintain security. Robert had already closed orders from two of his "technology roadmap" targets and was expecting a big kinky sexual reward, and he had told Babs about it. As far as he was concerned, he was owed a few wild and crazy Tuesdays.
Sally and I got to the conference center, adjacent to a declining local shopping mall early and were waiting when Babs arrived. She was surprised to find Sally there. I was surprised by what Sally said.
"Barbara, we are on the verge of closing a fantastic deal which will give you and Robert all the things we promised, and if the deal goes through with no problems, Robert will also get an additional $50,000 cash bonus!"
Babs could certainly do the math on that, and she smiled. Until Sally continued.
"But the buyers are a big, strait-laced highly conservative outfit, and any hint of what has been happening on Tuesday nights could ruin the entire thing, and not only get Robert and Adam fired, but also result in them losing all their existing stock options, bonuses, and any commissions Robert has not yet collected!"
Babs clearly did not like that result, and her face reflected it.
Sally smiled. "But I managed to insert some release language in the employment contracts that basically means anything that happened before the closing date is off limits and cannot be used against us in the future. So, if the deal closes, even if the buyer finds out about what you have been up to on Tuesdays, they could not penalize you in any way. So, all of your little cuck sessions have to end before the deal closes."
Babs thought for a minute. "I can handle that, but I'm not sure Robert can. He is just barely holding it together hoping for another Tuesday night. He closed the two deals Adam said would get him his wildest experience yet. I was looking forward to that too. When is the closing?
" Monday a week from tomorrow."
Babs looked uncomfortable, and Sally proposed a solution. "We could have one last Tuesday night, the wildest yet, beyond anything Robert has ever imagined, as long has you both understand that will be the very last one."
Barbara's face now wore that hot seductive look it usually did when she dropped to her knees and made kissing motions toward my crotch. "Just how will you make it wild enough for Robert to be satisfied and not want more?"
Sally laughed. "That's not feasible. He will always want more. But after this last Tuesday, anything he gets will have to be with somebody else, and Adam and I don't want to know about it."
Babs considered that. "How wild will this last Tuesday be?"
Sally grinned. "Well, for starters I will be there, so Robert with be both humiliated and excited by having a live audience. Also, I will be telling both of you that you must do certain things for me and Adam. Things you have never done before. It will shock you both, but it will excite Robert beyond his wildest dreams. Neither of you will ever forget it, and hopefully it will give Robert some terminally hot memories to jerk off to. At least until you can make other arrangements."
Babs looked puzzled. "You mean find another bull or divorce Robert?"
"That's up to you dear. We don't need to know. We don't ever want to know."
"What exactly will you make us do?"
"Oh, that's my little surprise, dear. Do you like scavenger hunts? Have you ever used them as a way to teach your students? I will teach you a few things, too. I promise you will get off just fine, and Robert will be totally around the bend with excitement. Can you get him to agree that after Tuesday, it is all over?"
"He will agree to anything to get another Tuesday night. We can close the deal and bank the money, and then I guess I will have to handle Robert going forward. "
I spoke for the first time. "Robert will have to continue to close sales as part of the new division of the acquirer, but he will have more leads, potential customers, and product lines to sell than ever before. If he doesn't perform, he will be let go. That means you will have figure out how to motivate him in the future, because I can't use his kinks to motivate him anymore."
Sally added. "Not only that, but under the new division structure, there will be a new overall division sales manager, so Robert will not report to Adam anymore. It will be sink or swim and out of Adam's hands, so to speak." Sally knew how to work the system.
Babs pondered this for about 60 seconds. "Okay! Tomorrow night we do it up big and then it's up to me and Robert after that."