Not Strictly Business!: Prodigal Son / The Boss and Miss Baxter / The Baby Deal. Victoria Pade
There were several out-of-date directories and registries. He dropped those into boxes without a second glance, then slowed when he came to the pictures of his father with various clients, city leaders and employees.
“No pictures of family,” Jack murmured. No graduation shots, no informal photos taken on vacation or over holidays. Probably because they’d never much traveled as a family and, after his mother’s death, holidays had been grim, dutiful affairs at best.
It should have been different, he thought. He knew guys with brothers and they were all tight. Why hadn’t he, Evan and Andrew connected? Why weren’t they close? They were all dealing with the death of their father. Wouldn’t they do it better together?
“Did it matter? I don’t even know where they are.”
What did that say about the relationship? That he had no idea where to find either of his brothers? Nothing good.
He finished with the bookcase and started on the credenza. He needed room to store reports, quarterly statements and the like. The credenza was perfect. He pulled out old files and glanced through them. Some of them were over a decade old. Was that what had gone wrong with the company? Had his father been unable to stay focused on the present?
Jack had a feeling he would never get those questions answered. He and his father had never been close and any opportunity for that had been lost years ago. What made the situation even worse was Jack could barely feel regret about the circumstances.
He filled more boxes with papers, files and bound reports. When the credenza was empty, he reached for the quarterly reports and started to slide them in place. But the shelf wasn’t high enough.
“That doesn’t make sense,” he said as he looked at the credenza. “They should fit.”
He reached inside and poked around, only to realize the base of the shelf was too thick by a couple of inches. What the hell?
After a little more prodding, he felt a narrow piece of metal, almost like a lever. When he pushed on it, the shelf popped up revealing a long, shallow recessed space and a set of leather books.
Jack’s first thought was that his father had kept a diary. He was surprised to find himself anxious to read the older man’s thoughts. But when he picked up the first book and flipped through it, there weren’t any personal notes. Instead he stared at rows and rows of numbers.
His world was the law and it took him a second to realize he was looking at a detailed income statement. He glanced at the date and felt his stomach clench. This was for the previous year. He’d just spent the better part of the morning looking at the income statement for the past year. He was familiar with those numbers and they weren’t anything like these.
Even though he already knew, he still found the first statement and compared it to the one his father had kept hidden. All the entry titles were the same but the amounts were different, and not for the better.
Anger filled him. Anger and a growing sense of betrayal. George Hanson had kept the truth from everyone. Jack didn’t know how he’d done it, but the proof was here in the second set of books he’d hidden away.
Not only was the company close to bankruptcy, but his father’s concealment had been criminal and premeditated. The company was totally screwed—and so was Jack.
Chapter Four
Jack carefully went through the books, hoping to find something to show that he’d been wrong—that his father hadn’t defrauded employees, stockholders and his family. But with every column, every total, the truth became more impossible to avoid.
He stood and crossed to the window where the night sky of Chicago stretched out before him. He could feel the walls closing in and fought against the sense of being trapped. With news like this, the board would pressure him to stay longer. They would insist that a three-month commitment to get things straightened out simply wasn’t enough. In their position, he would do the same.
He heard someone knock on his office door, then push it open. He turned toward the sound.
“You’re working late,” Samantha said as she walked toward him. “I had a feeling you would still be here. You executive types—always going the extra mile. Doesn’t being so conscientious get—” She stopped in mid-stride and stared at him. “What’s wrong?”
So much for a poker face, he thought grimly. There was no point in keeping the truth from her. He would be calling an emergency board meeting first thing in the morning. Time was critical. The financial information would have to be disclosed, first to the board, and then to the investors and the financial world. His father had insisted on taking the company public, which meant playing by the rules of the SEC.
“I found a second set of books,” he said, nodding toward his desk. “My father kept them by hand. I’ve checked them against the computer financial statements and they don’t add up. He was concealing massive expenditures and losses.”
Samantha’s eyes widened. “Fraud?”
“That’s one word for it. I can think of fifty others. We’re going to have to do a complete audit and find out the true financial situation. I doubt it’s going to be good news. We’re talking about a possible SEC investigation, plenty of bad press and downturn in the stock price.” He returned his attention to the view. “At least the family owns a majority of the shares. We don’t have to worry about a total sell-off. There will be a hit in our price, but it shouldn’t be too bad. Not with a new management team in place and complete disclosure.”
“I don’t know what to say,” she admitted.
“You and me, both. Not exactly what you want to hear about your new employer. Ready to cut and run?”
“What? Of course not.” She moved next to him. “Are you all right?”
“I’m not happy, if that’s what you mean. Just once, I’d like to be surprised by good news.”
“Jack, you’re talking about your father. That he concealed material financial information. That’s a big deal.”
“Good thing he’s dead, then. Otherwise, he’d be going to jail.”
He sounded so calm, Samantha thought. As if all this were happening to someone else. From what she knew, Jack and his father had never been tight, but this had to be hard for him. No one wanted to find out a parent had committed a crime.
“He wasn’t a bad man,” she said, not knowing if there was any way to make this easier for Jack. “Maybe he just got in over his head.”
He looked at her. “You’re trying to justify what he did?”
“Of course not. But from everything I’ve heard, he wasn’t evil.”
“He doesn’t have to be evil to have broken the law. People do it all the time.” He shook his head. “I’m almost not surprised. He ran several departments himself. He couldn’t give up the control. Maybe this was just another way of holding on tight. The numbers weren’t what he wanted them to be, so he modified them. No wonder he wasn’t big on change—technology would have made it tough for him to hide the truth.”
“But he did,” she said.
“In spades. I wonder if David knows about this?”
“Are you going to ask him?”
“I’m going to ask everyone,” Jack said. “The only way to ward off a crisis is to have a plan in place to solve the problem and to find anyone who may have helped him.”
“You don’t think he acted alone?”
“Unlikely. But I know it was his idea.”
“You might want to talk to Helen,” Samantha said before she could stop herself. “She may know something.”
Jack glanced at her. “You