Читать книгу Need You Now - Yahrah St. John - Страница 10

“Adams Cosmetics is in trouble,” Michael Cartwright said during an emergency Monday-morning meeting with the executive members of the board. As CFO, he was privy to the finances and knew what dire straits the company was in.

Present were Kayla Adams, Shane Adams and Courtney Adams, along with several high-level executives.

“How bad is it?” Kayla asked, tossing her silky mane of curls over her shoulder.

“We’ve lost revenue in the past consecutive six quarters,” Michael answered. “Blame it on the economy or consumers just spending less at Christmas, but we’ve seen a drop-off the past year.”

“What about our reserves?” Kayla suggested.

“We’ve already been dipping into those for well over a year to keep the company afloat. Add the lost revenue and we’re going to have to start laying off staff,” Michael replied.

Kayla shook her head. “I refuse to do that. The employees of Adams Cosmetics are like members of the family. There has to be another way.”

“Investors,” her brother, Shane, said.

Michael nodded in agreement. “We can contact your parents on their cruise. I’m sure given the situation the company is in, they would agree to part with shares.”

“Absolutely not!” Kayla stood up resolutely, walked to the conference-room window and folded her arms across her chest. “This company has been privately owned for over twenty years.” Not to mention how it would look to her parents to know that their eldest child had lost a company it had taken their entire lifetime to build. Kayla just couldn’t let it happen.

“Kayla, we’re running out of options,” her baby sister, Courtney, spoke up in a low, firm voice. She may have been the youngest and considered the prettiest, but she also had a degree in marketing and finance from Duke University.

“What about the new fragrance line you’re developing?” Kayla threw out to Shane. He was the head chemist at Adams Cosmetics and was not only brilliant but handsome, as well. “That’s sure to be a winner.”

“Kayla, do you have any idea what it would cost to launch a new line?” Michael replied.

“Of course I do,” she whipped back. “I’m not a novice, Michael.” She’d been CEO for the past five years since her father retired. She was one of the youngest CEOs in the business and proud of it. She’d gotten her master’s in business administration from Harvard and had studied Adams Cosmetics from the ground up.

When she was little, her father, Byron Adams, would bring her into the office with him. She loved cosmetics and loved the idea that just a little bit of makeup could transform a woman from an ugly duckling into a swan. Even though she wore very little makeup herself, having been blessed with exceptional mahogany skin from her father, she’d made it her life’s work to know every intricate detail of each line and how they came into existence.

Michael smiled despite her tone. Kayla had a razor-sharp tongue that would test the best of men. “I recognize that, Kayla,” he returned calmly. “But it’s going to cost millions for the kind of campaign we would need to launch Shane’s line, which quite frankly the company doesn’t have.”

“Michael is right,” Shane agreed.

“Whose side are you on?”

“This company’s,” Shane returned and turned his hazel eyes on his sister. The rest of the executive members might kowtow to his big sister, but he was not one of them. “Everyone, can you give Kayla and me a moment alone?”

“Try not to break anything,” Courtney whispered to her older brother on her way out the double doors of the conference room. She was used to them fighting like cats and dogs, and she was in no mood to be peacemaker.

“Never fear.” Shane stood up and buttoned his Italian suit. “Kayla doesn’t scare me.”

Once the doors had closed, Kayla wasted no time laying into Shane. “How dare you?” she whispered angrily, folding her arms across her chest. “You’re supposed to back me up.”

“Not when you’re being unreasonable.”

“I am not.” Kayla pouted even though she knew there was some semblance of truth to Shane’s words. “I am trying to save this company.”

“That’s why we’re all here, Kay,” Shane replied, pointing to the door the executives had just left through. “You’re not the only one who loves this company. Like you, I’ve been working here for as long as I can remember. It’s in my blood, too.”

Kayla inhaled sharply. “I’m sorry, Shane. It’s not you I’m upset with. It’s this entire situation. You know as well as I do that the vultures are going to be circling us. Once word leaks, they’re going to be swarming, ready to acquire us at a moment’s notice.”

“Since when do you give up without a fight?”

“Honestly, I don’t know how to get us out of this mess,” Kayla replied. “I mean, what’s Daddy going think?” Kayla lowered her head and braced it in her hands. She felt like a failure.

“Kayla—” Shane grabbed her chin and forced her to look up at him “—this company was in trouble long before you took over.”

“That’s not true.”

Shane shook his head. Kayla was such a daddy’s girl. She hated to think that perhaps their father had made some less-than-desirable decisions near the end of his tenure as CEO and that now his children were left to clean up his mess. Kayla had put a bandage on the bleeding by curbing spending and implementing cost-cutting measures on production, but even she couldn’t stop the inevitable. They were facing financial ruin if they didn’t take immediate action.

“It is, even though you refuse to admit it,” Shane said. “We need private investors willing to part with some serious capital.”

“And put it into a sinking ship?” Kayla huffed. “Who would be foolish enough to do that?”

“We’ve received an interesting offer,” Daniel Walker, vice president of Graham International told Ethan Graham in a closed-door meeting on Tuesday at their corporate office.

“What do you have?” Ethan answered, standing up and buttoning up his charcoal Italian suit. He walked over to his wet bar to pour himself a glass of water and drank liberally.

“We’ve been approached by the CFO of Adams Cosmetics on whether Graham International would entertain purchasing shares in Adams Cosmetics.”

“Oh, really?” Ethan’s brow rose inquiringly. He’d known the Adams family since he was a child. Byron Adams had worked at Graham International with his father before starting his own company. The Graham and Adams families had been close once.

Byron Adams had been the father Ethan had never had, probably because Carter Graham hadn’t known what to do with a young son at the age of sixty. He’d been shocked when his forty-two-year-old wife announced she was pregnant with their first and only child, considering they’d tried for a number of years. She’d given birth to a healthy baby boy, but a late-in-life child was not what Carter had been looking for and it was evident in his treatment of Ethan.

Once when he’d won a lacrosse championship, he’d come home with his trophy eager to show his father how hard he’d worked, but Carter had been cold and indifferent. No matter how hard he tried to please him, Carter refused to give him any praise. But that had only made Ethan work harder to win his approval. His mother, Eleanor, had tried to show him enough love and affection for the both of them, but Ethan had never felt like Carter cared about him one way or the other.

Ethan supposed that’s why he respected Byron Adams. Byron was a wonderful, attentive father who cared about his children. Ethan was admittedly jealous when he would spend the night over at the Adams’s residence and see how much love they had for each other. He envied them.

Then everything changed. Byron left Graham International to start Adams Cosmetics, which had devastated his father. Carter considered it an act of betrayal on Byron’s part and thus the divide between their families began. He’d thought after his father died, his relationship with Byron would return to normal, but Byron seemed to think Ethan was a carbon copy of his father. When Ethan would see Byron upon occasion, he was always civil, but the bond between them had been broken. Ethan had also lost his mother a few years after Carter’s death, and he was now alone.

“Adams Cosmetics could go under,” Daniel stated. He didn’t believe in beating around the bush. Ethan knew him to be a straight shooter and he didn’t intend on changing that one bit.

“Why? What happened?”

“They’re in need of capital,” Daniel replied, leaning forward in his chair. “If someone doesn’t bail them out soon, they’ll be out of business before the year is out. They’ve extended themselves as much as they can with the banks, and if they want to go forward with any of the new products Shane Adams is creating, they’re going to need investors.”

Ethan nodded. “Is Kayla Adams agreeable to an outsider investing in her company?” he inquired. Byron’s eldest daughter was CEO of Adams Cosmetics and he doubted she would appreciate an outsider owning a piece of her pie. Matter of fact, she would be livid. Kayla had never liked Ethan since he’d declined her attempt at seventeen to lure him into bed. He’d been six years her senior, and having any kind of relationship at the time would have been completely inappropriate. Though now would be an entirely different matter altogether.

“I’ve heard she’s amicable,” Daniel returned. “If they don’t get funds soon, they’ll have to take the company public and submit an IPO. You and I both know that is not only costly, but the Adams family would also lose control of their company.”

Ethan smiled. “I highly doubt she’s accepting this lying down.” Kayla Adams was a fighter.

“So are you open to buying the shares the Adams family might put on the market?”

“Of course, but I want more than a few shares. I want to own the majority interest,” Ethan replied. If he was going to invest in a sinking ship, he needed complete control to bring it back from the brink of disaster. “Start inquiring with our bank on raising capital.”

“Ethan, the Adams family will never give up control.”

“Then find a loophole.”

“You sure don’t want much,” Daniel returned, closing his file. “I wouldn’t think you’d be so ruthless, considering your history with the family.”

“You know me, Daniel. Since when have I ever let personal feelings get in the way of business? I want the whole pie or nothing at all, and this circumstance is no different.”

“Understood.”

“Treat this as extremely confidential,” Ethan added. “I don’t want word of this leaking out.” He had to strike while the iron was hot and prevent any other corporate mammoths from snapping up Adams Cosmetics. Their cosmetics company would fit in nicely with Graham International, which specialized primarily in fashion and perfume but had a small cosmetics division.

“Absolutely.” Daniel nodded and headed toward the door, but stopped short. “You know, Kayla Adams is going to consider your interest in the company as hostile. Especially considering you’re asking for majority shares.”

“Oh, I know,” Ethan responded. Kayla was not going to cooperate with him. In fact, since that incident in the stables when she was seventeen, Kayla had made a point of keeping a wide berth from Ethan every time they met. At first he’d thought he was imagining it. He assumed Kayla was embarrassed at her juvenile seduction attempt, but after the last party they attended a few years back, when she’d pointedly refused to dance with him, Ethan knew he wasn’t. How could she go from wanting him to not wanting to be near him? Ethan suspected that Kayla was as far from immune to him as she portrayed. “I will handle Kayla.”

“Are you sure about that?” Daniel asked.

Ethan chuckled. Kayla was a spitfire, and she wouldn’t take kindly to Graham International owning a stake in Adams Cosmetics, but Ethan was determined.

“Daddy, what are you doing back?” Kayla asked when she came down to breakfast the next morning and found her father sitting at the dining room table. It was a beautiful spring day in mid-March, and the flowers on the family’s eleven-bedroom estate in Atlanta’s Buckhead division were blooming. But Kayla didn’t feel as cheery as the weather.

“And where’s Mom?”

“Went to the spa,” her father replied, looking up from his paper. “She wasn’t too pleased that we cut our extended vacation short.”

“Of course she would be upset. You promised.”

“I know, but once I heard about Adams Cosmetics, I had to come back.”

“So you came back because of the company?” Kayla asked thoughtfully and rose from the table to serve herself some yogurt and fresh fruit from the buffet table behind them. Victor, their butler, always had a delicious spread for breakfast.

“Don’t be upset, Kay,” her father said, using the nickname he’d given her as a child. It was usually when he wanted her to do things his way, but it wouldn’t be that way this time.

“You don’t think I can save the company on my own?” Kayla asked as she sat down with her plate. She reached for the coffee carafe in the center of the table and poured herself a cup. She brought it to her lips and took a sip. It was as she liked it, strong and black, much like her men.

“No, of course not.” Byron rose from his chair and came to sit beside her. “That’s not it at all. I just know how much you want Adams Cosmetics to stay in the family.”

“It’s how it’s always been,” Kayla responded. “And now, Shane and Courtney want to bring in ‘investors.’” She used her hands to make quotation marks. “They want to bring outsiders into the company.”

“It’s what has to be done.”

“Then why did you never do it?” Kayla returned, a little too harshly for her liking.

“Because I was a fool,” Byron admitted to his daughter. “I didn’t want to admit that I could be wrong. I don’t want to see the same thing happen to you.”

“You weren’t wrong, Daddy. This is a family business,” Kayla persisted.

“One that could go bankrupt due to the bad decisions I made in the past. Kay, if you want to save Adams Cosmetics, we’re going to have to do what needs to be done and sell some of our shares.”

“I can’t let you do this. You and Mama started this company. How does Mama feel about this?” Kayla inquired. She doubted her mother would be happy to hear that they could be losing a part of the business it had taken them a lifetime to build. Not to mention the long working days and late nights they’d endured during the early days to make the company a success.

“She has given me carte blanche to do whatever is necessary.”

Kayla shook her head in resignation. “I just can’t believe it’s come down to this, selling off our shares for the almighty dollar.”

“It will keep the company solvent. More than that, it will give you the much-needed capital to invest in the new fragrance line Shane has created, as well as expand our skincare line. These are all projects you’ve wanted to do for a very long time, but didn’t have the finances.”

Kayla respected her father’s opinion and knew he was right, but it hurt all the same. “Okay.” She shrugged her shoulders. “You’ve convinced me. Now what?”

“Now what?” her father asked, stroking her cheek. “Once the company is back on its feet, it can finally allow you to have a personal life and give your mother and me our first grandchild.”

“Children!” Kayla huffed and pushed back her chair. “Where did that come from?” She took another sip of her coffee.

“It’s about time you started working on a family, old girl.” Her father patted her shoulder. “You’re not getting any younger.”

Kayla’s mouth upturned. “Thanks a lot, Dad.” She knew she was getting up there in years. At thirty-four years old, she was no spring chicken in the female reproductive world. Until now, she’d never really thought about having a child. She’d always been so focused on her career. Sure, there had been a number of men with whom she’d had casual affairs, but none of them had held a candle to her first crush, Ethan Graham.

She knew it was silly that she compared the men she’d dated to Ethan, but compare she had. Ever since he’d returned from boarding school at the ripe age of fifteen and picked her up when she’d fallen off her pony at nine years old and kissed her knee, she’d been infatuated. And as she got older, it only grew stronger. How could she forget those six-pack abs in swim shorts and those muscular arms as they swum in her family’s pool? Ayden Turner, her ex-boyfriend, had tried but failed to live up to Ethan’s dark good looks and rippled physique.

She’d seen Ethan in the years since and had effectively kept him at a distance. She’d had to. She’d made a fool of herself when she’d come on to him when she was seventeen and he’d turned her down flat. And since then, he’d dated a string of beauties and wealthy socialites, so even if she would have approached him again, he was too full of himself to even notice. So she focused on her career.

“I didn’t mean that how it sounded.” Her father spoke at her silence. “You know you have always been the light of my life, Kayla, and I only want what’s best for you.”

“I know that, Daddy. And maybe one day your wish will come true.”

“I’ve put together a great list of potential investors,” Michael said when he called another meeting of the executive committee of Adams Cosmetics on Thursday morning, “and quietly started putting the word out that we’re looking for capital.”

Kayla perused the names on the list and was startled to see Ethan Graham’s name. “Ethan Graham,” she said aloud, shocked. That’s the last name she’d expected to see. Hadn’t she just been thinking about him this morning?

“Of course,” Shane said. “I gave Michael his name. Ethan is a former family friend and he might be willing to lend a hand.”

“You know Daddy’s not going to like this idea,” Kayla responded. Actually, she knew how she felt. She hated the idea. She didn’t want arrogant Ethan Graham to have any part of the family business.

Shane’s brow furrowed. “Well, Dad isn’t running this company, you are. Whatever beef he had with Ethan’s father should never have translated outside of business. Ethan used to be practically one of the family.”

“Well, he’s not now.” The moment the words were out of her mouth, Kayla realized how juvenile she must have sounded. Shane and Courtney were both looking at her strangely.

“What do you have against Ethan?” Shane asked. “He’s a brilliant businessman.”

“Oh, leave her alone,” Courtney said, seeing how flushed Kayla’s mahogany skin was becoming. She may have been a few years younger, but even she had seen the monumental crush Kayla had had on Ethan back in the day. Trust her brother, being a man, not to notice.

“Have you thought about how many shares you’re all going to put on the market?” Michael inquired, breaking into the sibling conversation.

“What do you mean you all?” Kayla inquired. “I imagined the shares would be minimal.” She wanted to keep as many as possible.

“The shares have to be significant in order to get an investor interested. I spoke with your father this morning and he and your mother, Shane and Courtney will sell 12.5 shares each and you would retain 25 percent as president.”

Why hadn’t her father told her about this decision at breakfast? “What about you two?” Kayla looked at Shane. “This hardly seems fair.”

“We know how much Adams Cosmetics means to you,” Shane responded. “And we’re fine with the arrangement.”

Kayla pondered Shane’s words. “Okay, I can accept that, but that would potentially give a single investor 37.5 percent interest of Adams Cosmetics.”

“True, but think of the reward,” Michael responded. “Or the shares could be divided among several investors.”

“Money isn’t everything,” Kayla returned.

“Since when?” Courtney asked. She’d seen the financials. Now was not the time to play it safe.

“Fine.” Kayla’s mouth went into a grim line. She hated this, but she didn’t have much choice; she was in the minority.

“How are you coming with raising funds?” Ethan asked Daniel later that afternoon.

“Slowly,” Daniel replied. “Because Adams Cosmetics is a private company, their financial statements aren’t public record, so the bank is hesitant to lend funds.”

“Continue to work on it. If necessary, I’ll place a call to the head of finance. If they want to keep Graham International as a customer, they will back this venture.”

“Sure thing,” Daniel said on his way out.

It left Ethan time alone to peruse a dossier on the Adams family. Over the past several years Graham International had expanded into several overseas markets, which had taken Ethan out of the country. He needed to catch up on what the Adamses were up to.

The youngest, Courtney Adams, was spokeswoman for the Adams Cosmetics line. But she was also a force to be reckoned with. She had a degree in marketing and finance. Yet there was an impetuous streak in her. When she’d run off with her boyfriend to Vegas for a quickie marriage when she was eighteen, Byron had reined in his hotheaded daughter and had the marriage annulled.

Shane Adams might be the middle child, but he was by no means overshadowed by the eldest or youngest. Shane was a brilliant chemist—he had been classically trained in Paris and was now vice president. He’d revolutionized Adams Cosmetics with the development of the skincare line when he was only twenty-five. Ethan was sure that with proper funding, the new fragrance line he was developing would be a success.

And finally there was Kayla Adams, CEO. Gone was the awkward young girl with long gangly legs. The Kayla he saw in the photo was breathtakingly beautiful. Kayla had matured into a cool, sophisticated businesswoman.

He turned the page and focused on her accomplishments. Poised and driven to succeed at all costs, Kayla had started working at Adams Cosmetics when she was fifteen and never left. She became CEO of Adams Cosmetics at twenty-nine when Byron stepped down. Her decision-making skills were said to be exemplary, which would be both an asset and a curse.

Kayla wasn’t going to give up control of Adams Cosmetics easily. That’s why Ethan had to be ruthless and insist they sign over additional shares. Right now they were only offering 37.5 percent to investors, but that was not going to do. Graham International must have controlling interest in Adams Cosmetics. It was the only way.