The Consortium's Heir novel Chapter 120

Chapter 120 (Sterling Corporations, Capital City) The Chairman's office; 10:00 am · A man in hislate fifties sat behind a large mahogany desk in what appeared to be a slightly above average office.

He had a bald head, beady eyes that appeared shrewd, and an average face. The mahogany desk was littered withnumerous documents, and the man was busy scribbling on them. Suddenly, the door to his office opened abruptly, and an equally average man rushed into the office in a panicked manner. Hector Sterling, the current chairman of Sterling Corporation looked at the average man in distaste. The average man was of course his secretary, and his sudden entrance irked him greatly, as it interrupted his concentration. Just as he was about to rebuke his secretary, a loud voice cut him off. “There's big trouble President Hector!" the average man shouted frightfully. Hector frowned slightly at his secretary words, and forced his reprimand down his throat. “What is it?" Hector asked, his tone dripping with disdain. There was no change in the expression on his face, so either the secretary didn't notice or chose to ignore the disdain in his boss' voice. “The banks and loan companies we took the loans from are suddenly questioning our ability to pay back, and are requesting for us to pay back in twenty four hours time, otherwise they would seize the company's assets!” The secretary exclaimed. “What?!” Hector yelled and jolted to his feet. “What do you mean by that?” Hector asked his secretary disbelievingly. His secretary didn't answer his question immediately. Rather, he brought out two documents and handed it over to Hector. Hector collected them from the secretary's outstretched hands and read through them. As he read through them, the expressions on his face became more and more ugly, and by the time he was done reading it, a thoroughly twisted expression was on his face. "Motherf*cker!" Hector yelled in anger and tore the documents to pieces. The document stated that if the loans were not paid in back in twenty four hours time, their company's assets would be seized and auctioned off. The requests from the loan companies and banks were simply outrageous. Hector had borrowed more than $200 million in total from the banks and loan companies as one of the means to boost his already declining company. Yet, who would have thought that his decision would backfire? Sterling Corporations was one of the below average companies in Capital City, with a net worth of over $20 million. However, they were one of the oldest companies founded in Capital City Usually, the companies who started at the same time with Sterling Corporations in Capital City now had their net worths in the hundreds of millions of dollars, but Sterling Corporation were far behind. This was because of the declining competence in the abilities of the previous chairmen of the company. At their current level, they were duly ignored by the bigwigs in Capital City. Hector Sterling, the current chairman of Sterling Corporations had tried his very best and exhausted all his means to build the company to a higher level, but his efforts were all futile. Not only did his business not develop as he had hoped, but they also experienced a decline that was even more severe than usual. The loans and debts the company incurred kept piling up, and their capital chain was severely affected. Hector knew that if there was no external aid to his company, it would only be a matter of time before Sterling Corporations went bankrupt. While Hector was at his wits end, a new company named West Atlantics Int'l was founded in Capital City. Normally, Hector rarely paid attention to such companies, as new companies were founded everyday in Capital City. Besides, of all the multitude of companies founded, how many of them actually managed to remain standing? The answer was only few. After all, the resources in Capital City were already monopolized by the bigwigs, and new companies like West Atlantics Int'l would have nothing for themselves. A company with no resources could not possibly grow, so the only option was for them to leave and start over somewhere else. However, contrary to Hector's expectations, not only did West Atlantics Int'l leave Capital City to start up somewhere else, they experienced a very rapid growth. In just a matter of weeks, they were already far ahead of Sterling Corporations! Hector could not bear to see such a new company gaining so much influence in Capital City, while his company continued to decline. Nonetheless, he was powerless to stop their momentum. Just when he thought all hope was lost, a bigwig company reached out to him. The bigwig company promised to elevate the status of his company and clear out all the outstanding debts he incurred, and at the same time promised to invest heavily in Sterling Corporations. Of course, such a pleasant deal was not without its catch. Hector was tasked with the job of taking down West Atlantics Int'l in the shortest time possible. West Atlantics rapid growth was just too threatening to the bigwigs, and they couldn't sit still anymore. Nonetheless, these bigwigs companies couldn't target West Atlantics Int'l openly; hence they opted to get a minion to do the task for them. Sterling Corporations fit all the criteria, hence the reason the job fell to them. Hector naturally accepted the task. He too was eager to push his company to another level, as if he succeeded, his company would experience an upward growth spurt. Besides, he was already bitter at West Atlantics Int'l success growth. There was no way he would shy away from hindering them. Since Sterling Corporation couldn't compete with West Atlantics Int'l on an equal ground, he resorted to underhanded tactics. Using the influence the bigwig company had, he monitored and discovered Darius' accident, then fanned the flames by embellishing the details of the accident, successfully creating a negative image and impacting the positive reputation West Atlantics Int'l had built in Capital City. Hector forced himself to calm down despite the shock and rage he felt at the banks and loan companies' rash decision. There was no way that the loan providers and banks would suddenly demand that he fulfill the terms of the contracts when he still had two weeks to do so. Something had to be involved in this. While Hector was deep in thoughts contemplating the sudden change in decision, his phone rang. He quickly picked up the phone when he saw that the caller was the bigwig who arranged for him to take down West Atlantics Int'l. "Check the TV, you moron!" The bigwig yelled angrily at Hector as soon as the phone call connected. The sudden yell perplexed Hector, but he obeyed the bigwig and switched on the TV in his office. However, he nearly fainted from shock when he saw the caption on the TV station.