It was more like the dining room in a palace than a corporate meeting room, but offsetting the grandeur was a modernist steel and glass bar stocked with the finest spirits and champagne and a state-of-the-art audio-visual system set into the far wall, on which Bloomberg, the business channels and ticker-tape information was constantly beamed in from the world’s moneymarkets. Emma winced as she entered: this was clearly where Saul had spent Milford’s wafer-thin profits. She walked around the room, trailing her fingertips along the table, gazing up at the dancing crystals in the chandelier, thinking of her Uncle Saul, putting off the moment: the moment when she’d have to sit in his chair.
It felt too big, and she felt an impostor sitting there at the head of the table, but she forced herself: the rest of the shareholders would be arriving at any moment and they would expect her to sit there. Emma could feel her nerves getting the better of her. She had tried to look the part of confident businesswoman, but she wasn’t even sure if she could pull that off. Her red dress was an old stand-by for when she had to speak at conferences or in front of company directors. Back then it was like armour; confident and bold, but here at Milford HQ, it felt false and showy. Her hair had been blow-dried and she’d taken extra care with her make-up; not so much that she looked overdone but the tinted moisturizer and glossy lips made her feel ready for the day.
It’s not what you look like, but what you say,
she scolded herself as people began to file in, smiling and murmuring a few words of greeting. Emma’s mother and her Aunt Julia sat to her left halfway down the table. Julia gave Emma an encouraging smile, her mother looked down, playing with her wedding ring. Slowly the room filled: Anthony Collins, Saul’s solicitor, then Ruan McCormack who was Milford’s Head of Merchandising, followed by Abby Ferguson who looked after marketing. There was a hum of pleasant conversation and cordialities. And finally, in came Roger, his gaze lingering on Emma sitting at the head of the table. Emma felt her palms tingle with sweat and she played nervously with the gold bangle on her wrist. Since her first day at Harvard business school it had been Emma’s dream to run a company one day. But as she prepared to address her board of directors, it wasn’t a wave of euphoria she felt, but a rush of nausea.
‘Hello, everyone,’ she began, hoping they wouldn’t hear the tremor in her voice. ‘Thank you all for coming. Can I begin by saying that it was a great honour – although an enormous surprise – when Uncle Saul left me his shareholding. My first response was that the company didn’t belong to me, that I had a life elsewhere, that I didn’t belong here. So I felt that I should offer to sell my 70 per cent stake to the other shareholders.’
Emma could feel the tension and anticipation around the room pressing in towards her. She glanced at Roger who was looking at his hands and nodding cautiously.
‘But I have been thinking about this long and hard. Uncle Saul gave me those shares for a reason and I want to make him proud. We
all
want to make him proud. This company has a wonderful heritage and enormous potential.’
She took a deep breath.
‘That’s why I have decided to keep the shareholding and take the post of Chief Executive.’ Emma paused momentarily, waiting for a reaction. She was greeted by silence. It was as if everyone in the room had stopped breathing.
‘Well, I think there are various formalities and paperwork we’ll need to deal with to authorize it, but…’
She looked at Anthony and the solicitor nodded.
‘But the directors choose the CEO!’ interrupted Julia suddenly. She turned to Roger. ‘Isn’t that right?’
Emma didn’t wait for an answer.
‘As 70 per cent shareholder I effectively control membership of the board,’ she said.
‘What she means, Julia,’ said Roger, ‘is that she can get
It felt too big, and she felt an impostor sitting there at the head of the table, but she forced herself: the rest of the shareholders would be arriving at any moment and they would expect her to sit there. Emma could feel her nerves getting the better of her. She had tried to look the part of confident businesswoman, but she wasn’t even sure if she could pull that off. Her red dress was an old stand-by for when she had to speak at conferences or in front of company directors. Back then it was like armour; confident and bold, but here at Milford HQ, it felt false and showy. Her hair had been blow-dried and she’d taken extra care with her make-up; not so much that she looked overdone but the tinted moisturizer and glossy lips made her feel ready for the day.
It’s not what you look like, but what you say,
she scolded herself as people began to file in, smiling and murmuring a few words of greeting. Emma’s mother and her Aunt Julia sat to her left halfway down the table. Julia gave Emma an encouraging smile, her mother looked down, playing with her wedding ring. Slowly the room filled: Anthony Collins, Saul’s solicitor, then Ruan McCormack who was Milford’s Head of Merchandising, followed by Abby Ferguson who looked after marketing. There was a hum of pleasant conversation and cordialities. And finally, in came Roger, his gaze lingering on Emma sitting at the head of the table. Emma felt her palms tingle with sweat and she played nervously with the gold bangle on her wrist. Since her first day at Harvard business school it had been Emma’s dream to run a company one day. But as she prepared to address her board of directors, it wasn’t a wave of euphoria she felt, but a rush of nausea.
‘Hello, everyone,’ she began, hoping they wouldn’t hear the tremor in her voice. ‘Thank you all for coming. Can I begin by saying that it was a great honour – although an enormous surprise – when Uncle Saul left me his shareholding. My first response was that the company didn’t belong to me, that I had a life elsewhere, that I didn’t belong here. So I felt that I should offer to sell my 70 per cent stake to the other shareholders.’
Emma could feel the tension and anticipation around the room pressing in towards her. She glanced at Roger who was looking at his hands and nodding cautiously.
‘But I have been thinking about this long and hard. Uncle Saul gave me those shares for a reason and I want to make him proud. We
all
want to make him proud. This company has a wonderful heritage and enormous potential.’
She took a deep breath.
‘That’s why I have decided to keep the shareholding and take the post of Chief Executive.’ Emma paused momentarily, waiting for a reaction. She was greeted by silence. It was as if everyone in the room had stopped breathing.
‘Well, I think there are various formalities and paperwork we’ll need to deal with to authorize it, but…’
She looked at Anthony and the solicitor nodded.
‘But the directors choose the CEO!’ interrupted Julia suddenly. She turned to Roger. ‘Isn’t that right?’
Emma didn’t wait for an answer.
‘As 70 per cent shareholder I effectively control membership of the board,’ she said.
‘What she means, Julia,’ said Roger, ‘is that she can get
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