Monday, March 19th
Monday, March 19th
Anna is having coffee with John at the estate.
Anna: I know this was quite short notice, but I needed your expertise immediately.
John: It's fine, my day was slow today and I always like to help out a friend.
Anna: You've probably already heard the news about McGregor.
John: That shocked the heck out of me. What's going on?
Anna: Apparently, it was some software error.
John: But you suspect otherwise.
Anna: Cassandra was the first to make the news public, she had the scoop. It just seems as if she had
some inside information.
John: Wouldn't be the first time.
Anna: She's committed corporate espionage before?
John: It's how she started in the corporate world.
Anna: Well, if she has a spy in McGregor, I need to find out who it is.
John: Spies are usually long gone after they deliver their information.
Anna: Makes sense, but I haven't a clue about who inside the company it could have been.
John: Low level staffers can do a lot more than you'd ever imagine, even temp workers.
Anna: And we have a lot of those.
John: My advice would be to have Yvette and Joseph keep everything very airtight right now, keep as much between them and board as possible.
Anna: Investors will want to know.
John: Secure communications over a secured network.
Anna: We already have that.
John: Not the kind I'm talking about. My firm has some special software that is made especially for this sort of situation.
Anna: All right, I'll tell Yvette to contact your firm.
John: We will get you squared away.
Anna: Thank you, we've never had to deal wit a spy before.
John: In this economy, it's more common. Everyone wants to make a quick buck.
Anna: When we find out who it is, they will be dealt with accordingly.
Yvette and Joseph are discussing the selling of assets at McGregor, when Leonard walks in.
Joseph: Afternoon, Leonard.
Yvette: Yes, we were expecting you.
Leonard: First things first, since some of our board members can't be present constantly throughout this crisis, they suggested that I
speak collectively for them.
Yvette: That's fine, just as long as we have clear communication.
Joseph: Here is the latest, we have liqudated seven stores already, plus several unused properties.
Yvette: And unfortunately, we are expanding into furloughs. We have to let a ton of people go just to free up the cash.
Leonard: Is that enough to fill the shortfall?
Joseph: Not just yet.
Leonard: I'll report that to the board.
Yvette: I'm sure you will.
Leonard: Just a word of caution, I've talked to some investors, they are growing more restless.
Joseph: That's not a big surprise. We are working on unloading the men's line next.
Leonard: Now that ought to fetch a pretty penny, that's a gold mine.
Yvette: That's why it's up for sale.
Joseph: We did get some good news today, the bankers granted us an extention.
Leonard: Yes, that's fantastic news.
Joseph: It still is uphill from here, though.
Leonard: I've got to go, but please keep the board apprised.
Yvette: Of course.
Yvette: I think it was him that called Mom and let her know about this mess.
Joseph: Why would he do that?
Yvette: I have no idea, but he's been the most vocal since this happened.
Joseph: His family does own stock, he's probably just protecting their investment.
Yvette: Could be, but I still think he's a little sneaky.
Joseph: His uncle was a loyal board member and although he was abrasive at times, he was reliable.
Yvette: I don't know. At this point, I need to focus strictly on the shortfall.
Joseph: We are closing the gap, if we get lucky with the men's line sale, we are in the clear.
Yvette: The offers I am getting aren't quite enough.
Joseph: I do have one potential offer, but I don't know if you'll like that buyer.
Yvette: Who is it?
Yvette: Absolutely not, after all the trouble he caused us, I wouldn't trust him.
Joseph: He sounds like he's changed and besides, if he's willing to buy the line, it's a clean sale and we owe him nothing.
Yvette: You've got a point, I'm just very leery about everything now.
Joseph: Hey, I have my reservations too, but if it comes down to his offer being the one saves this company from falling apart, then we have to take it.
Yvette: I still cannot believe that this happened. Everything had been going so well.
Joseph: Let's keep it together and stay focused, we can't afford to miss a step here.
Yvette: It's just overwhelming, especially now that Mom knows.
Joseph: We had breakfast this morning, she wasn't pleased that we didn't inform her immediately.
Yvette: I got the same talking too.
Joseph: Motivation, that's all I see it as.
Cassandra and George are at WNOV's studios.
Cassandra: So, what do you think of my new station?
George: You've done well fixing it up, but
Cassandra: There's a but.
George: I think you goals are all wrong.
Cassandra: Listen, I know that the McGregor story was to your liking, but is is news.
George: Which you have used to continue your games.
Cassandra: This goodie good act doesn't fit you
George: I grew up bitter and full of anger, hatred. It didn't feel good and I had to let go.
Cassandra: I'm not bitter and angry at all, I'm running a business and finally doing for myself.
George: I am glad you doing that, but I can tell you still are consumed with anger. I don't like to see that.
Cassandra: Call it what you like, it's your opinion.
George: When are you going to see what this is doing to you?
Cassandra: It's filling up my bank account, that's what it is doing.
George: You already ended up in trouble with the SEC over your antics, you may not be able to beat them again.
Cassandra: That is for me to worry about and trust me, I'm keeping my powder dry.
George: I guess that's the best I'll get from you.
Cassandra: Worrying about me is not something you need to be doing. Focus on what is going on with you.
George: I'm just afraid I'll end up implicated in something you've done.
Cassandra: You should have no fear of that.
George: Please, keep it like that.
Cassandra: Everything I'm doing now, I will own and very happily.
Sterling walks in.
Sterling: Cassandra, some of our advertisers want more time, what should I tell them?
Cassandra: Give it to them, with the money they pay, it's a no brainer.
Sterling: Cool, I'll get back to them.
George: Your old partner in crime is helping out, now I know you're headed for trouble.
Cassandra: Like I said, you need not worry about me.
Carol arrives at Yvette's office. Yvette's assistant shows her in.
Yvette: Good day, Carol.
Yvette: I was a bit shocked at you wanting to make an offer on any of our assets, especially since
it would help save McGregor.
Carol: I see a lucrative buy and I go for it. I know how strong your men's line is and I'm confident I can make it stronger
under the Donahue banner.
Yvette: We are looking for the best offer, because it is such a gold mine.
Carol: I'm willing to offer you over market value, in fact, double.
Yvette: Seems you really want this.
Carol: Oh, yes.
Yvette: Double market value is good, but I do have to run this by the board.
Carol: Expected procedure. My bank is ready to cut a check within minutes of this deal being accepted.
Yvette: You definitely are well prepared to close a deal.
Carol: This is a rare opportunty, acting fast was something I didn't have to think about.
Yvette: It has it's risks for us, handing our best asset to our main competition could be suicide. But, our options are limited.
Carol: You know my offer, so I'm going to make my exit and let you sort things out.
Yvette: We'll get back to you soon.
Carol: Oh, I know.
Carol passes Joseph as she leaves.
Joseph: What's she doing here?
Yvette: She put an in offer for the mens line, double market value.
Joseph: Not hard to tell why she wants it so bad.
Yvette: Yep. So, what did the rest of the bankers say?
Joseph: Bad news.
Yvette: How bad?
Joseph: They've seized our main stores.
Joseph: And each day that they don't get a payment, there is a penalty.
Yvette: We can't cover that.
Joseph: I know, at this point, we'd have to have someone else buy into the company just to cover cash flow. We just
don't have enough to sell.
Joseph: George offered to help.
Yvette: If he gets into this company, it's trouble.
Joseph: I'm afraid that he's the only one we can go to, no one else would be willing to buy into the company, he'd do so
just to protect the family company. I think he may be sincere
Yvette: Not long ago, he wanted to bring us down, now he wants to help? I'm not holding my breath.
Joseph: It's worth a shot. We can't lose what Mom and Dad worked so hard to build.
Yvette sighs and looks conflicted about what to do. Fade out.