List of main characters
Adam Carter - JP Morgan (Stocks & Shares Portfolio Manager)
Jean Carter - Wife of Adam Carter. Miller Real Estate (Sales Agent)
Dean Carter - 14 year old son
Katie Carter - 12 year old daughter
Anthony Miller - Miller Real Estate (Founder and sole shareholder )
Evelyn Miller - Daughter of A Miller. (Miller Real Estate. Marketing Manager)
MRE - Miller Real Estate
SGX - Singapore Stock Exchange
Disclaimer: All characters engaging in sexual acts of any kind are over the age of 18.
Pawn's Gambit
Twenty hours from Singapore to O'Hare International with a stop in Taipei, flying Business Class which was only marginally better than the cattle car called economy and on my birthday hardly fazed me.
Heading back to Chicago for what was looking to be a brutal meeting with the Head of our International Stock and Share Trading Department didn't faze me much either.
Trying to anticipate what was going on at home did.
We landed a little after 08:30 in the morning and I caught the shuttle to the nearby, Chicago Sheraton Suites. I had booked a room from the night before so it was available immediately. I dropped my bags, had a shower and hit the gym. I worked out with weights for thirty minutes and ran on the treadmill for another thirty then went and had a second shower. This time I stayed under the spray for almost fifteen minutes before switching off the hot water and giving myself the wake up call of cold water until I was almost frozen. Anyone can tell you that April in Chicago is not warm but I bore it until my teeth were chattering then five minutes of hot water to warm me back up and I was as close to awake as I was going to get.
I headed down to the restaurant for an American breakfast which I had sorely missed over the last four months. In between pancakes, eggs, bacon and sausage, all drenched in maple syrup, I drank four cups of coffee then headed out to JP Morgan on Dearborn Ave; where my 10:30 meeting was scheduled.
I took the elevator to the 8th floor where the Private Bank suites were situated and walked through the foyer showing my ID card. From there I was escorted to one of the small conference rooms and asked to wait. So that's how they wanted to play it! There were two cameras covering the room from opposite corners and I'm sure they were watching me. I dropped my leather laptop satchel on the table uncaring for the polished wood and went to stand by the window. I stood and looked out without moving.
They left me there for over seventeen minutes. I know because I got to one-thousand and twenty Mississippi. During that entire time I didn't move an inch. I had learned some things from my many trips to the Far East and South East Asia. One of them was 'face'. Show no fear and no weakness regardless the odds.
Joe Rutlidge, the International Stock and Commodities Traders, Vice President walked in with Samuel Young, our Corporate Lawyer following close behind.
Had it been just Joe, the meeting would have been a brainstorm about fixing the problem and plugging the haemorrhage. If it had been Samuel alone it would have been about covering the banks ass in legalese.
But it was both of them so someone was about to be fired and that someone was me.
"Adam." There was no handshake. He gestured to a seat and they chose to sit opposite me. The battle lines had been drawn.
"What the fuck happened in Singapore?" It wasn't really a question. "We sent you there to bring some stability to the young guns and instead you approved a three hundred million USD stock buy on a brand new company floated on the Singapore Stock Exchange with no record of anything other than what they claim is a good idea."
"Yes."
"Yes what?"
"Yes I did." His face went from ruddy to purple and a vein popped out on his forehead.
"Would, would you care to elaborate?"
"Look Joe, It's all in my report. The SEA-A prospectus was top class. They dotted every i and crossed every t. The management team from top to bottom consists of experts in the field with close to two hundred years of experience between them. Then, the project itself has a projected fifty year lifespan and the numbers were corroborated by Deloitte's and KPMG." I took in a breath. "The oceans have been fished dry and their aquaculture project is one of the most technologically sound anywhere on the globe and backed by real world know-how and capability."
"Then why is their stock price tanking.?' He shouted. "They listed at seventeen dollars a share and they're currently trading at nine, fifty five!" He punctuated the numbers with his finger on the table. "And what did you do? You went and bought more!"
"Yes, because there will be a rebound and if it hits twenty-five as my team and I project, we will be in half at seventeen and half at nine fifty-five. That's a potential profit of two hundred and sixty-seven million. That's almost a ninety per cent profit." He wasn't getting the whole picture. "Joe, we own twenty five percent of the total stock. We are the single biggest shareholder."
"Of a company that's tanking!" he shouted spit at me.
"That's because the Chinese and to a lesser degree, the Thai's and Vietnamese are short selling to either sink the company as it's in direct competition with their own fish industries and threatens their near monopolies in South East Asia... Or so they can buy it for a song and extend their hold on the international fish trade." I punctuated the table back at him. "We need the balls to ride it out."
"This is a fuck-up of note!" He shook his head. "This is not the crazy Eighties and Nineties. We need to trade on certainties and maintain a positive risk ratio."
"It's all in my report." I pointed out again.
"Your report is nothing more than fifty pages of wishful thinking!" He accused me. "Anyway, it's no longer my decision alone. The board has sanctioned my recommendation and you're out!"
And with that, it was Samuel's turn to give me the low-down. The offer was: Three month's salary and almost thirty days accrued leave, effectively giving me almost five months in salary. They would also cash in my share options and pay out the difference between the issuing price and the current price. All-in-all I would be walking away with close to eight hundred thousand dollars but with my reputation in tatters and zero prospects for future employment anywhere other than a McDonald's or KFC drive-through.
By two o'clock I had signed all the relevant forms, converted my seventeen year 401K into an IRA and surrendered all my company material including my lap-top and was escorted out. I stood on the pavement with an empty satchel over my shoulder and a strange sensation in my head like I was having a brain aneurism. I hurried to grab a cab to get back to the hotel with the vision of dying on the street while strangers pointed and stared, vivid in my imagination.
Once in my room I grabbed a whisky mini from the bar and mixed it with Seven-Up and topped it with ice. Sacrilege! I know.
I settled down to consider my options. I was forty two. Too young to retire, but was I too old to start anew. Upon review there was only one option left and it felt like a gamble but then again did I have the balls or not? I decided that if I didn't have the courage of my conviction then how could I expect others to and went shopping. Within the hour I was back with a brand new laptop with Windows 11 loaded and ready to play. I downloaded the programs I'd need to track my buying and selling and got busy. I plugged in a thumb drive with all my Singapore trades on it that I had carefully left in my hotel room and away from my employer I was ready to roll.
I checked up on our savings account it was sitting at fifty thousand dollars. My investment accounts were at two hundred and fifty thousand dollars but required twenty four hour notice. I did that, then I sold off some blue chip shares I owned and considered that with my salary and share option payout I should hopefully have over a million, two hundred thousand. It would clear within the next two days and I would transfer almost all of it to an off-shore trading account, called Blue Sky International.
By the time I was finished it was after nine. I ordered a burger and a beer from room service and pulled out my phone. It had been off for over thirty six hours. That was the longest ever. I considered powering it up but I was mentally exhausted and incapable of dealing with whatever was awaiting me so I dropped it and instead, lay on the bed watching the news. I channel hopped to see how the world markets were performing but there wasn't much about anything I wanted to know about.
Whiskey, beer, burger, whiskey - finally caught up with my jet-lag and I passed out. The next morning I went down to a very early breakfast as my internal clock was still off. I grabbed coffee and switched on my phone. It blew up with messages.
"Help dad, Mom's having a meltdown!" That was from Dean and Katie. It was longer than that but that was it in essence...
"What's going on with Jean?" From my father.
"Happy Birthday and why aren't you answering your Phone?" From Jeans parents.
"Happy Birthday dad" From Dean and Katie.
"Happy birthday and good luck, Adam." From the Singapore team.