- 2 days ago
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00:00Jax's Revenge Domain
00:01Someone get the truck driver a coffee while the adults finish talking.
00:06That's what he said, loud enough for the room, loud enough for the lapel mic,
00:12loud enough for the three cameras running live feed to investors, to the board archive,
00:17to everyone watching the leadership transition of Harwick Industrial Holdings from their offices that morning.
00:22I had my hand out, ready to greet the incoming CEO.
00:25Brent Holloway, chairman of the board, looked at my hand, looked at the flowers I was holding,
00:31looked at my shoes, work boots, not dress shoes, and made his decision in about two seconds flat.
00:37He never looked at my face first.
00:40My name is Aaron Callahan. I'm 54 years old.
00:43I'm the founding partner of Ridgepoint Capital, a private holding firm based in Columbus, Ohio,
00:48and what I'm about to tell you is how one sentence, 11 words spoken into a hot mic in a
00:54Cincinnati boardroom
00:55ended up costing Brent Holloway his job, his reputation, and $2.1 billion in committed capital before lunch.
01:02But to understand why that number matters, you need to understand how I got into that room in the first
01:07place.
01:08Harwick Industrial Holdings had been on our radar for about eight months.
01:11They were a mid-size conglomerate, contract manufacturing, logistics,
01:16a warehouse network across five states, solid footprint, decent client base.
01:21The kind of company that should have been printing money.
01:24Instead, they were bleeding.
01:26Their outgoing CEO had spent four years treating the balance sheet like a shopping list.
01:31Acquisition after acquisition, each one announced with a press release and a handshake's photo,
01:36none of them integrated properly.
01:38He'd stacked debt on top of debt, cut operational headcount instead of executive overhead,
01:44and smoothed over every quarterly miss with phrases like transitional headwinds and strategic repositioning.
01:49The banks had started calling.
01:52Vendors were tightening terms.
01:54The market had stopped believing the story.
01:56By the time Harwick came to us, they needed two things.
02:00A serious capital injection and a leadership reset.
02:04Ridgepoint was prepared to provide the capital.
02:06They were promising to deliver the reset.
02:08The deal we structured was $2.1 billion in total committed capital,
02:13a syndicated arrangement with Ridgepoint as lead tranche,
02:16meaning our commitment was the load-bearing piece.
02:18Without it, the other institutional partners couldn't proceed as structured.
02:23Most wouldn't proceed at all.
02:25Harwick would appoint a new CEO with a mandate to stabilize operations and clean house.
02:29The board would adopt governance reforms to prevent another acquisition spree.
02:33Clean and straightforward on paper.
02:35My co-partner, Reed, had pushed to send one of our VPs to the closing session.
02:40Said it was routine, ceremonial even.
02:42Just show up.
02:43Shake hands.
02:44Let the lawyers finish.
02:45I told him I'd go myself.
02:47There's a reason for that.
02:48Two years before Harwick, I committed to a deal without being in the room.
02:52A $600 million injection into a regional infrastructure firm.
02:56I trusted the chairman's track record.
02:59I delegated to my second-in-command.
03:01Three days before closing, a video went public.
03:04The chairman standing in front of a company town hall,
03:07pointing at a line worker, calling him replaceable trash.
03:10Laughing about it, the crowd laughed too.
03:13We still closed.
03:14We shouldn't have.
03:15The next 18 months were regulatory headaches, union grievances,
03:20and my firm's name attached to a company that treated its workers like equipment that needed replacing.
03:25We got our return eventually.
03:26But the cost in time and reputation wasn't worth the number on paper.
03:30I promised myself it wouldn't happen again.
03:33So into every deal after that, I put a clause.
03:36We didn't call it legal language.
03:38We called it the respect clause.
03:40Simple terms.
03:41If during negotiations or closing, any senior leadership at the target company engaged in
03:47documented conduct that materially harmed the company's reputational standing,
03:51Ridge Point could withdraw its commitment immediately.
03:54No penalty.
03:55No delay.
03:56No renegotiation window.
03:58Capital off the table.
03:59Harwick's board had reviewed it.
04:01Their outside counsel had reviewed it.
04:03Holloway himself had signed off on the term sheet that included it.
04:06He just didn't think it was about him.
04:08People like Holloway never do.
04:10The morning of the meeting, I flew into Cincinnati,
04:13changed at the airport lounge, and took a car to Harwick's headquarters.
04:17Glass tower downtown, the kind of building with a stock ticker in the lobby and a promo
04:21reel of smiling warehouse workers on the wall that nobody who works in the warehouse ever
04:25actually sees.
04:27The receptionist, Faye, her nameplate said, gave me the standard smile.
04:32Welcome to Harwick name, Erin Callahan, here for the board session.
04:36Her fingers stopped on the keyboard.
04:38Half a second pause.
04:39The kind people don't notice unless they've learned to look for it.
04:43I've learned to look for it.
04:44A few minutes later, Cole Rafferty from Investor Relations came down to escort me up.
04:50Young guy, good suit, rehearsed small talk, asked about my flight.
04:55I asked about the mood upstairs.
04:57Eager, he said, and a little anxious.
04:59The elevator opened to softer carpet, quieter halls.
05:03We passed framed photos of past CEOs cutting ribbons at facilities they no longer owned.
05:09Stopped outside double glass doors.
05:12Two cameras mounted above them, red lights off.
05:15For the webcast, Cole said, leadership wanted transparency today.
05:19I thought of the clause.
05:20Good, I said.
05:22Inside, the boardroom looked like someone had ordered successful corporate from a catalog.
05:26Long polished table, high-backed leather chairs, one full wall of glass overlooking downtown Cincinnati.
05:32The opposite wall lined with presentation screens already primed and waiting.
05:37And on a credenza in the corner, a flower arrangement.
05:41White lilies, eucalyptus.
05:43The invoice for those had come through Ridgepoint.
05:46Harwick had asked us to sponsor refreshments and decor for the event.
05:50The order had been placed under my name.
05:52Cole picked them up and handed them to me when I pointed it out.
05:56Optics, he said quietly.
05:58They wanted the room to feel warm.
06:00I took the flowers and held them.
06:02Warm wasn't the word I'd use for what came next.
06:05Brent Holloway was already at the head of the table.
06:07Early 60s.
06:09Silver hair, good suit.
06:11The kind of tan you get from a lot of time on a golf course and not much time in
06:14a factory.
06:15He noticed the flower arrangement before he noticed me.
06:18Told me to set it on the sideboard.
06:20I said I'd hold it.
06:21He gave me the look you give someone who doesn't understand where they stand.
06:25and turned back to his conversation.
06:27Nobody introduced me.
06:29No nameplate at the table.
06:31No, this is the managing partner from Ridgepoint Capital.
06:34They saw the flowers.
06:35The work boots.
06:36No familiar face from their usual bank rotation.
06:39And they made their decision fast.
06:40Support staff.
06:42Background.
06:42I walked around the table toward Owen Carver, the incoming CEO.
06:47Late 30s, good haircut.
06:48Eyes that looked tired in the way of someone who'd spent two weeks in back-to-back prep sessions.
06:53He looked up as I came around.
06:54I set the flowers at the table's edge, freed my right hand, and extended it toward him.
07:00Welcome to Harwick, I said.
07:02I'm Aaron.
07:03Before Owen could move, Holloway swiveled his chair our way.
07:06He clocked my hand, clocked the gesture, clocked an opportunity.
07:11He leaned slightly toward his lapel mic.
07:13Put on the smile you use when you want the room to laugh with you, and said it clearly
07:18enough for every camera in the room.
07:20Someone get the truck driver a coffee while the adults finish talking.
07:23The reaction was immediate.
07:25A board member to his right chuckled too fast.
07:28The kind of laugh that's more reflex than humor.
07:30An operations executive near the far end made a sound caught between a laugh and a cough.
07:36The communications guy in the back turned his face away and looked at the floor.
07:39Nate Farwell.
07:40I'd find out his name later.
07:42He knew exactly how that clip was going to sound on replay.
07:46Owen's eyes went from my hand to Holloway, then down to the agenda in front of him.
07:50He didn't say anything.
07:51Didn't move his hand.
07:52Didn't say that's out of line.
07:53He just found something interesting in his printed deck and stayed there.
07:57I didn't drop my hand right away.
07:59Kept it out for a second or two.
08:01Holloway's smile thinned.
08:02His eyes moved to my face, checking.
08:05I think whether I was too slow to understand the hierarchy he'd just announced to everyone
08:09in the room and everyone watching the stream.
08:12I lowered my hand on my own time, walked to the empty seat at the far end of the table.
08:18No nameplate.
08:19Good.
08:19They'd written my role out of the script entirely.
08:21They were about to find out what that cost.
08:24Let's begin, Holloway said, turning to the main screen.
08:28The first slide came up.
08:30Harwick Industrial Holdings, Leadership Transition, and Capital Structure Update.
08:34He launched into opening remarks, like a man who'd done this kind of thing a hundred times,
08:40talked about strategic vision, long-term shareholder value, a new chapter for the company.
08:45He used the word partnership four times in three minutes and didn't once mention the firm
08:50that was providing the largest single piece of capital in the deal.
08:53I listened, watched the room, watched who laughed at his jokes a half beat too fast,
08:58watched who kept their eyes on their notes instead of the screen, watched Perry Aldrich,
09:03the lead independent director, who hadn't laughed at the truck driver line and hadn't
09:07looked away from it either.
09:08As the second slide came up, transaction overview, I spoke.
09:12Before you go further, I said loud enough to cut through.
09:15There's something the room needs to know.
09:17Holloway turned.
09:18The look on his face was the look of a man who'd forgotten there was someone at the far
09:22end of the table.
09:23We're not taking comments from staff during the session, he said.
09:26The amusement still in his voice.
09:28You can leave notes with Investor Relations afterward.
09:31I met his eyes.
09:32If you're not willing to say hello to the person across from you, I said then by tomorrow
09:37morning, $2.1 billion will no longer be part of this deal.
09:41The room didn't gasp.
09:43Boardrooms don't gasp.
09:44They go quiet in a way that feels physical, like the air pressure changes.
09:48Phones stopped moving.
09:50Pens stopped.
09:51The eyes shifted sideways without anyone wanting to be caught looking.
09:55Someone laughed after a beat.
09:56Too loud.
09:57Forced.
09:58All right, a director said.
09:59Let's keep this professional.
10:01Holloway's smile came back thinner.
10:03Save the theatrics, he said.
10:05Capital is being handled.
10:07I am the capital, I said.
10:08He stared at me for a long moment.
10:10Then Lance Mercer, the CFO, cleared his throat from the middle of the table.
10:14We still need direct confirmation from the capital provider, Lance said carefully.
10:19Legal can't substitute for that release.
10:21It requires the authorized signatory.
10:24Holloway's eyes moved from Lance to me.
10:27Slowly.
10:27The way you look at something when your brain is still running the numbers on whether what
10:31you're seeing is actually what you're seeing.
10:33You're saying you control the funds, he said.
10:37Not a question.
10:39More like a man checking whether he'd misrate a contract.
10:42I'm the managing partner at Ridgepoint Capital authorized to release the full commitment,
10:47I said.
10:48All of it.
10:48Perry Aldrich shut his pen down.
10:50All 2.1 billion dollars.
10:53All of it, I said.
10:54And without Ridgepoint's tranche, the remaining institutional commitments can't proceed as
10:59structured.
11:00The syndication collapses.
11:02Most of the other partners won't move independently.
11:05The silence that followed was a different kind.
11:09Not shock.
11:10Recalibration.
11:11The sound of people quietly revising the map of the room they thought they were sitting
11:15in.
11:15Holloway straightened in his chair, tried to find the rhythm again.
11:19Then perhaps we should restart properly, he said.
11:22Now that rolls are clear.
11:24Perhaps, I said.
11:26The room knew.
11:27Even if nobody said it out loud.
11:29The dynamic that Holloway had walked in with, the one where he was the gravity everything
11:34else orbited, wasn't the one anyone was leaving with.
11:37He just didn't know yet how fast it was about to move.
11:40They pushed forward into the deck like nothing had shifted.
11:43That's what people do when they don't yet believe consequences are real.
11:46You keep moving.
11:48You act like the ground is still solid.
11:50You hope the moment passes.
11:51It didn't pass.
11:53Lance brought up the respect clause about 10 minutes later.
11:56He didn't announce it.
11:58He just tapped the folder in front of him and said, there was one item still to acknowledge
12:02before they moved to the capital release section.
12:05Holloway didn't look up from the screen.
12:07We've covered everything.
12:08Months of review.
12:10The conduct provision Lance said.
12:12That got everyone's attention.
12:13A director flipped pages.
12:15Perry Aldrich leaned forward.
12:18Which one?
12:18Someone asked.
12:19Lance read it straight from the document.
12:22Reputational conduct.
12:23Capital withdrawal rights.
12:25Documented impact threshold.
12:27No penalty clause.
12:28Clear language.
12:29No room for interpretation.
12:31Owen Carver looked up from his deck for the first time since the truck driver comment.
12:35What does that mean exactly?
12:37Documented conduct.
12:38It means Perry said.
12:40Reading further down.
12:41It doesn't require intent.
12:42Just impact.
12:44And documentation.
12:45He didn't look at the cameras when he said it.
12:47He didn't have to.
12:49This was standard boilerplate, Holloway said.
12:52His voice had an edge now that hadn't been there before.
12:55It was revised, Lance said.
12:57Ridgepoint requested specific language changes during the second round of term sheet negotiations.
13:03At my insistence, I said.
13:05Holloway turned to me.
13:07You were worried about optics.
13:09I was worried about behavior, I said.
13:11He let out a short breath.
13:13The kind that's not quite a scoff, but wants to be.
13:15Nobody's misbehaving.
13:17We're having a business meeting.
13:19Perry looked up toward the camera mounted in the upper corner of the room.
13:23Red light on.
13:24Still recording.
13:25This meeting is being documented, he said.
13:27Careful word.
13:28Not recorded.
13:30Documented for transparency, Holloway said, like that settled it.
13:33Yes, I said.
13:34For transparency.
13:36That was the moment he lost the room.
13:38Not loudly.
13:39Nobody stood up.
13:40Nobody pointed a finger.
13:41But I watched it happen, the quiet reorientation of every person at that table away from Brent Holloway
13:47and toward their own exposure.
13:48The lawyers in their heads were already working.
13:51When the recess was called 15 minutes later,
13:53chairs moved fast.
13:55People stepped out in clusters, phones already in hand.
13:59I stayed seated for a moment, watched who left together,
14:02watched who kept distance from Holloway.
14:04Watched Nate Farwell from communications walk out alone and not look back.
14:09Then I stood, left the flowers on the floor, and walked into the hall.
14:12The corridor was cooler, quieter.
14:15Two directors stood near the window talking low, and both of them stopped when I passed.
14:20Holloway was already on his phone 10 feet away,
14:23not bothering to lower his voice.
14:24It's just posturing, he said into the phone.
14:27We'll walk him back in.
14:29He's not going to blow up a deal this size over a joke.
14:31I kept walking.
14:33Found a quiet spot near the service elevator.
14:35Took out my phone.
14:37One number.
14:38Reed picked up on the second ring.
14:40Activate the withdrawal, I said.
14:42Full amount.
14:43Effective immediately.
14:44A pause.
14:45Short.
14:45All of it.
14:46All of it.
14:46Reason code.
14:48Conduct during negotiations.
14:50Documentation is live on three camera feeds right now.
14:53Understood.
14:54Executing.
14:55The line went quiet.
14:56I slipped the phone into my pocket and stood there for a moment.
15:00My breathing was the same as when I'd walked in.
15:02My hands were steady.
15:04That's how I've always known when a decision is right.
15:07Not because it feels good, but because it feels settled.
15:09Like something that was already true finally got said out loud, I thought about my father
15:14for a second.
15:15Not the things he said.
15:17I've quoted those enough.
15:18I thought about his hands.
15:20The way they looked at the end of a shift.
15:22Scarred.
15:23Calloused.
15:24Stained with work.
15:25That didn't wash off completely.
15:26He shook every man's hand the same way.
15:29The plant manager.
15:30The guy running the wire feed next to him.
15:32The kid showing up his first day.
15:34Same grip.
15:35Same eye contact.
15:37Same good to meet you.
15:38He'd have understood why I was standing in that hallway.
15:41I walked back into the boardroom.
15:43The red light on the camera was still on.
15:45The room was doing its best impression of normal.
15:49Chairs back in.
15:50Water poured.
15:51Voices kept light and controlled.
15:53Holloway looked up when I took my seat.
15:55His eyes said he'd already decided he'd handled it.
15:57Let's get back on track, he said.
15:59The edge was gone.
16:00Smooth again.
16:01Man in charge.
16:03The deck came back on screen.
16:05Projections.
16:05Cash flow models.
16:07Timelines.
16:08All of it built on a number that no longer existed.
16:11Though nobody in the room knew that yet except me.
16:14Lance's phone buzzed first.
16:16He looked at the screen.
16:17Something changed in his face.
16:19Not fast.
16:20Not dramatic.
16:21Just a slow draining.
16:22He read it again.
16:23Then a second notification landed.
16:27Another phone buzzed.
16:28Then another.
16:30A low staggered sequence around the table.
16:33Let's silence devices, Holloway said sharply.
16:37We're mid-session.
16:38Lance didn't move to silence his.
16:39He stared at the screen.
16:41Then he looked up.
16:42The primary trance, he said.
16:43His voice was flat.
16:45Controlled.
16:46The voice of a man delivering bad news to a room that doesn't know it's bad yet.
16:50It's been withdrawn.
16:52The room didn't react immediately.
16:54People looked at their own phones first.
16:56Like they needed to verify it from their own feed.
16:59Withdrawn how?
17:00Holloway said.
17:02We're in the middle of closing.
17:04Executed.
17:05Lance said.
17:06Confirmed.
17:07Full amount.
17:072.1 billion dollars.
17:09That's not possible.
17:11A director said it like saying it would make it less true.
17:13The syndication.
17:14Perry said slowly.
17:16Looking at me.
17:17Without Ridgepoint's tranche.
17:18The remaining commitments can't proceed as structured.
17:20I said.
17:21Some won't proceed at all.
17:22Holloway's head turned toward me.
17:24Fully this time.
17:25Not the half glance of a man who's already dismissed you.
17:28The full look of someone trying to recalculate everything at once.
17:31You will reverse this, he said.
17:33Quiet now.
17:34No smile.
17:35No lapel mic performance.
17:37Just a man who'd finally understood the weight of what he'd said in this room 40 minutes ago.
17:42There's nothing to reverse, I said.
17:45It's done.
17:46You don't get to decide that, Holloway said.
17:49Standing now.
17:50Both hands on the table.
17:52This board decides.
17:53We have agreements.
17:54We have timelines.
17:56You had timelines, Lance said quietly.
17:59They just changed.
18:00Reverse it.
18:01Holloway looked at me like a man who'd spent 30 years having things reversed when he asked.
18:06Call your office.
18:07Tell them it was a misunderstanding.
18:09We can put a statement together.
18:11Clarify context.
18:13There's no context to clarify, I said.
18:15You said what you said.
18:17The cameras caught it.
18:18The clause is clear.
18:20It was a joke.
18:21He looked around the table for backup.
18:23He's overreacting to a joke.
18:25Perry Aldrich spoke first.
18:27It was a joke made on a live investor feed, he said.
18:31In front of the incoming CEO, about the managing partner of the firm providing our largest capital
18:36commitment.
18:37He paused.
18:39That's not overreacting.
18:40That's the clause doing exactly what it was written to do.
18:44Another director leaned forward.
18:46The footage is already out there.
18:48We can't unring that bell.
18:50Phones were no longer buzzing with the initial withdrawal alerts.
18:53They were ringing now.
18:55Assistants, banks, external partners, trading desks.
18:59Harwick was a public company.
19:01The market was already processing what the early feeds were showing.
19:05Someone near the middle of the table covered his mic with his palm and said,
19:08Low, per-market indicators are moving.
19:11How bad?
19:11The man next to him asked.
19:13Double digits.
19:14Down.
19:15Owen Carver had been quiet since Lance's announcement.
19:17Now he looked at me directly.
19:19First real eye contact since the meeting started.
19:22You're comfortable letting this go?
19:23He asked.
19:24Not accusatory, genuine.
19:26This didn't go because I left, I said.
19:28It cracked.
19:29Because your chairman decided that humiliating someone on camera was worth more than protecting
19:33the company he was supposed to be running.
19:35I didn't create that risk.
19:37I just priced it.
19:39Holloway slammed his palm on the table.
19:41This meeting is suspended, no, Perry said.
19:44It isn't.
19:45We have a governance obligation to address what happened in this room today, on the record.
19:49You're not removing me over one moment.
19:52This isn't one moment, Perry said.
19:54It's a pattern, and now it has a number attached to it.
19:57No one reached to turn off the cameras.
19:59Maybe they forgot.
20:00Maybe they knew it was already too late for that to matter.
20:03What followed wasn't loud.
20:06Boards don't do loud, they do procedure.
20:08They called an extraordinary session.
20:11They referenced by-law sections, they made motions, formal language, careful votes, but
20:17underneath all of it, every person at that table was doing the same quiet math.
20:21How close was their name to Brent Holloway's, and how fast could they put distance between
20:26them?
20:27Within the hour, Holloway was placed on administrative leave pending internal review.
20:32Owen's appointment was put on hold.
20:34A committee was formed to assess next steps with capital partners.
20:38They tried to pull me into that last part.
20:41Perry found me in a smaller conference room down the hall.
20:44He came in alone, closed the door, sat down across from me.
20:47There's a path forward, he said.
20:50New governance covenants.
20:51Direct oversight seat for Ridgepoint.
20:53A joint statement acknowledging the situation and committing to standards going forward.
20:58This isn't about structures, I said.
21:00We can make real changes.
21:01Board composition, reporting requirements, Perry.
21:05I said it once, not unkind.
21:07You built a room where your chairman thought that kind of behavior was acceptable under lights
21:11and on a live feed.
21:12That's not a policy problem.
21:14That's a culture problem.
21:15I'm not going to fund a culture problem and hope the paperwork fixes it.
21:19He was quiet for a moment.
21:21You're walking away from a significant return, he said.
21:24I'm walking away from 18 months of headaches I can already see coming.
21:27I said.
21:28I've paid that tuition before.
21:30I know what it costs, he nodded slowly.
21:33Is there anything that would change your position?
21:36No, I said.
21:36He exhaled.
21:38Stood, extended his hand.
21:40I shook it.
21:40For what it's worth, he said.
21:42I didn't laugh, I know, I said.
21:44I noticed the story hit the financial wires by early afternoon.
21:48Ridgepoint wasn't named in the first wave.
21:50The headline stayed on Harwick.
21:52Private investor withdraws $2.00 and B commitment amid governance concerns.
21:57Incoming CEO appointment.
21:58Suspended pending board review, chair on administrative leave, after internal footage surfaces.
22:04By evening, the clip of Holloway's truck driver line had made the rounds on financial Twitter and two business news
22:10segments.
22:10I watched one of them muted in the Cincinnati airport lounge.
22:14Two analysts debating whether investor activism had gone too far.
22:18One said it was an overreaction to a throwaway comment.
22:21The other said a throwaway comment that triggers a $2.1 billion withdrawal and a double-digit stock drop isn't
22:29a sensitivity issue.
22:30It's an accountability issue.
22:32I turned the screen off and checked my gate.
22:34On the flight back to Columbus, Marlene Forsythe from the Financial Post sent a message.
22:39Just one question, she said.
22:41People want to understand why you walked.
22:44I typed back.
22:45They already know.
22:47They saw the clip.
22:48She pushed back.
22:50Is there a lesson you'd want executives to take from this?
22:53I thought about it for a minute.
22:55Thought about my father.
22:56The handshakes he gave every man the same way, every day, for 30 years.
23:02Not because he knew who they were, because he didn't.
23:05I typed.
23:06Respect isn't something you show after the deal closes.
23:09It's the cost of entry to the conversation.
23:11If you can't manage that, when the cameras are on, you won't get the chance to prove you can do
23:16it when they're off.
23:17She asked if she could quote me.
23:20Yes, I said.
23:21Use my name.
23:22That night, I called Reed from the parking garage at Columbus Executive.
23:26Done, I said.
23:27Done, he said.
23:28That was the whole conversation.
23:29We didn't celebrate.
23:31We didn't run the numbers on what we'd left on the table.
23:34We'd both been in this business long enough to know that the deals you walk away from clean sleep better
23:39than the ones you close dirty.
23:40I drove home, made coffee.
23:42Stood at the kitchen window for a while.
23:44My father built things with his hands for 30 years and never once asked to be introduced before he said
23:49hello.
23:50Brent Holloway had a corner office, a country club membership, and a board title, and he couldn't manage a basic
23:56greeting without turning it into a performance.
23:58I held my hand out to welcome a new CEO.
24:01The chairman decided that was beneath him.
24:04Turned out it was priced at $2.1 billion.
24:06The chairman decided that he was in the office of the office of the office of the office of the
24:06office of the office of the office of the office of the office of the office of the office of
24:06the office of the office of the office of the office of the office of the office of the office
24:06of the office of the office of the office of the office of the office of the office of the
24:06office of the office of the office of the office of the office of the office of the office of
24:07the office of the office of the office of the office of the office of the office of the office
24:07of the office of the office of the office of the office of the office of the office of the
24:07office of the office of the office of the office of the office of the office of the office of
24:07the office of the office of the office of the office of the office of the office of the office
24:07of the office of the office of the office of the office of the office of the office of the
24:07office of the office of the office of the office of the office of the office of the office of
24:07the
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