Winning Her Heart Back (Emelie and William) novel Chapter 694

Charles was taken away for investigation, causing chaos at the Davis Group. The company's stock plummeted even faster than the Cloudex Corporation did in the past.

There were no secrets in the business world. It was clear to everyone that the Davis Group, which was heavily in debt and facing lawsuits, had lost its credibility and had no chance of recovery.

However, what puzzled people was how Charles and the Davis Group had fallen so much. After all, they were once one of the powerful top four giants of the business world.

Wasn't the Xanther Group doing well? People still remembered the legendary tale of how the Xanther Group's Initial Public Offering was done in just three months. How could the Davis Group collapse so suddenly when the Xanther Group still existed?

This question quickly led to analyses and discussions by self-proclaimed online experts and influencers. Some speculated that Charles's series of poor decisions, such as investing in a failing real estate market, had led to the losses.

Others suggested that he was betrayed by his peers, citing the fact that the Middleton, Swanson, and Beathan families had acquired his shares in Xanther Group at a low price during the Davis Group's troubles.

There were even theories about his key staff being poached, shareholders fleeing with their investments, or Charles moving assets overseas.

Those were the ones that were considered as reasonable speculations. The most outrageous claim was that Charles had become addicted to gambling, losing hundreds of millions in a single night.

Emelie laughed at that theory. "That reminds me of when I first met Charles on a business cruise. We played a few rounds of poker together."

The Charles from back then who had arrogantly asked her if she deserved a seat at the table would've never imagined that he would end up in prison.

Jodie was sitting across from Emelie and was sorting through documents. "What do you think caused his downfall?"

"The Xanther Group," Emelie replied.

She put down her phone and stopped looking at the sensational articles that were published online. She picked up a deck of cards and began building a tower of cards on the table.

She slowly said, "The Xanther Group has indeed developed very rapidly in recent years, but that also means the investment required is enormous. The Davis Group invested three-fifths of its earnings into Xanther Group, which hasn't yet achieved profitability. It's like paying out without receiving returns."

Jodie understood what she meant. "The Xanther Group is like a money blackhole."

Emelie smiled slightly. "Charles wasn't a fool. He had a plan and was trying to balance the Xanther Group and the Davis Group.

"If that balance hadn't been disrupted, with another six months of investment and all of the Xanther Group's labs completed, it would've started generating profits. Charles could've escaped his financial struggles."

Emelie paused. "But he made the wrong move."

She had built a three-tier tower. She picked up two more cards and placed them down carefully.

"His margin for error was too small. That was the first domino that fell. After the first card falls, the rest would follow," she said.

The tower couldn't bear the additional weight. As soon as the two cards were placed, the whole structure collapsed.