Chapter 362
The executives of the Frazier Group cast worried glances at Debra.
The prospect of shareholders withdrawing their support now could be a crippling blow to the company. The stark reality was that they lacked the money required to buy out these shareholders.
Debra, however, maintained her composure. “If anyone wishes to leave, just sign here and leave.”
The shareholders weren’t sure about the situation. One of them pointed at Debra and snapped, “Well then, we’ll all withdraw our shares. If you can’t produce the funds, we’ll settle this in court.”
With that declaration, they began to file out of the house.
In the aftermath, at least half of the people present in the hall had departed. Debra surveyed the remaining managers and directors, her expression unreadable. ‘Is there anyone else who wishes to leave? You can have your pay now.”
One of the executives stepped forward and said, “We’re here because of Mr. Frazier. Now that he’s gone.
there’s no reason for us to remain.”
Several others followed suit, signing their resignation papers before turning to Debra. “Ms. Frazier, take care of yourself.”
They exited the hall with some staff members trailing behind them.
Debra turned her attention to the few who remained. ‘Is there anyone else who wishes to leave?”
The remaining people exchanged determined looks before speaking up.
“Since you took over from Mr. Frazier, things have improved. We were all promoted by you, and we can’t abandon you in your time of need.”
“Yeah, we’re in this together.”
They were all loyalists recently promoted by Debra.
She scanned the room and counted the number. Only eight people were left.
“Good. From today forward, you are the new shareholders of the Frazier Group. I will transfer some of the shares from those who left to you.”
A flicker of joy crossed their faces, but it was quickly replaced by concern.
“But we have no money on our books. How will we pay them?”
“I have more than enough money.”
Debra’s smile widened slightly. She had long anticipated this purge, a chance to rid the company of corrupt elements like Ralph. The current crisis presented the perfect opportunity to cut away the dead
weight.
“Starting today,” she announced, “the Frazier Group is declaring bankruptcy. I will arrange for you to join the McKinney Group.”
“Bankruptcy? Everyone was shocked. “Ms. Frazier, are you serious?”
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