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From: "Bill Morgan" <morg105829@hotmail.com>
Subject: {Morgan} NEW: Six-month Turnaround 13 of 16; M/F Rom lite sex
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Author's note: If you are looking for wall-to-wall sex, look elsewhere.
This book is a romance with a business setting. Beyond that, the sex is
comparable to - or less than - what one would find in almost any work of
popular fiction.
Permission is granted to post on any free site, as long as the copyright
statement is included. Please advise the author of any such postings.
Comments are welcome and encouraged. Please address me at
morg105829@aol.com.
I hope you enjoy the book. My plan was to post a chapter each weekday;
however, Eli has been having problems, so ASSM has not been posting
daily. As a result, I am uploading the remaining chapters now. This is
chapter 13 of 16.
Six-Month Turnaround
Copyright 1992, 1998 by Morgan. All rights reserved.
Chapter 13
The next morning Cliff and Sandy were having their usual morning coffee
when Kelly arrived. They looked at her carefully. Cliff reached into his
wallet and extracted the still- folded ten-dollar bill and gave it to
Sandy. "You won it fair and square," he said.
Kelly was bleary-eyed, but her eyes glowed. "What is that bill you two
keep passing back and forth? You were doing it all last night, too."
Cliff looked at her and said, "You obviously need coffee badly. How do
you drink it, Kelly?"
"Just black this morning, please," she replied. Cliff was already on his
feet and headed for the coffee pot, leaving the girls alone.
"Kelly Cameron, how does Kevin look this morning? Better than you do, I
hope."
"He's worse! He couldn't... Sandra Donnell, what are you saying?"
"Oh, nothing," she said blithely. "You asked about the ten dollars,
though, and I was just answering you. It was a small wager I made with
Cliff. I just said you two would spend the night together and obviously
you did. That's all."
Kelly tried to glare at Sandy, but ended up grinning. "Sandra Donnell, I
would like to hate you but it's very hard. Yesterday was absolutely the
greatest day of my life! It started off well with you and Cliff and just
got better. And the way it ended... Wow! Professionally, financially,
and personally! Sandy, Kevin has a real brain! And he's not frightened
of me. I have spent my entire social life on the sidelines just
watching. I have always been so jealous of the airheads who go gaga over
any guy who just opens his mouth. I've even tried it, but can't make it
work. Sooner or later I'll say something - or show I know something -
that's out of character and I'm dead. But not last night."
Sandy got up and shook hands with the other girl. "I know just what you
mean. With me it's the same result but a different reason. I was always
a tomboy so I ended up every guy's best friend's little sister. It's a
great prescription for romance! The guys pat me on the head and ask me
if I want to throw a football around."
"Oh, I see!" Kelly said brightly. "That's what you and Cliff do all
night! Throw a football around? Of course. Sandy, I sent your check down
to Chicago, Federal Express, last night. Now I'm going to call the
office and put out the word on the broad tape about Murphy getting a
trial order from Magna. I hope you don't mind me cluttering up your
office, though."
"Not in the least! You have done a tremendous amount for the company in
the last twenty-four hours. Kelly, I'm not sure either of us said
anything but we certainly recognize that the call from Magna came as a
direct result of your broad-tape release. Thank you."
Cliff returned with the coffee, and the girls took theirs.
Kelly got on the phone and called her office. She spoke to several
different people, one after the other, and finally hung up. "That was
funny. I sent your check to Jack Snyder, and FedEx did its thing. He was
still staring at it when I called. His reaction was identical to mine:
He's never seen a personal check for two million dollars. I gave them
your fax number so they can send us a copy of the broad tape piece on
Murphy and Magna when it runs. Then I talked to Bill. Trading has just
opened in New York, and it's looking very interesting." She changed the
subject. "Sandy, were you at Michigan in the MBA program?"
"Yes, why?"
"Because I think I remember seeing some reference to you in the alumni
bulletin. I guess I must have been ahead of you by a couple of years.
This is what I always dreamed of. Securities can be pretty dull
sometimes, but now you can feel a real dynamic at work. You can feel the
market. And Murphy is small enough, and the stock float is small
enough... Wait a minute!"
She picked up the phone again and called Bill on the trading desk.
"Bill, I forgot something. No one knows this, but watch the Murphy
volume! Because of the family control of the company, they never paid
much attention to the stock or the stock price. They never traded it.
But Bill, there are only one million shares, and - this is the secret -
Sandra Donnell already owns or controls about 75 percent of it.
"There are only about 250,000 shares out of the family's hands. What
happens if a panicked short sells and *can't* deliver? If there just
aren't any shares to be had? Let's face it, you guys don't normally
think about the total number of shares outstanding." She listened for a
few minutes and grinned. "Thanks, Bill. Keep in touch."
She hung up the phone. "Bill thinks it may have started already. He's
started pushing, and the stock is at thirty-two. He thinks volume has
already been as much as 100,000 shares this morning! He can't be sure,
of course because it's hard to get the total shares by issue until the
exchange closes. But guys, there were 60,000 shares traded yesterday.
And that's the official number. "If Bill is anywhere near right, all but
about 90,000 shares of tradable stock have changed hands *in less than
twenty-four hours*! He asked me to thank you, too."
"What do we do now, Kelly?" Cliff asked.
"We wait and keep the pressure on. If I'm right, Murphy Manufacturing
will be suspended from trading within a couple of days. There are five
days to settlement, the day the seller has to deliver the stock he sold.
If he doesn't have it, he has to get it... at any price! Do you follow
me?"
"I sure do!" Sandy said. "The next few days are absolutely critical.
Let's just enjoy the coffee, shall we?" She grinned and took the cups
for refills. She came back later and dashed back out again. When she
returned the second time she had papers in her hand. "I think this is
what we've been waiting for," she said as she gave copies to the other
two. She had made copies of the faxed Dow-Jones news wire and they all
read the release.
A moment later Cliff cheered. "I think this is going to do it! I just
wonder... Kelly, do you know George Simpson of Ajax Industries?" he
asked.
"Sure do," she said, making a face. "Why?"
Cliff explained his former relationship with Stephanie and the
circumstances surrounding the loss of the Magna business: Ajax breaking
its pattern and cutting price to meet Murphy with the private
understanding they would meet any Murphy price. "Kelly, let's say you're
George Simpson. You see on the broad tape that Magna is receiving test
quantities from Murphy. What do you do, if anything?"
"I just might go berserk! I just might call Magna and tell them they
can't buy from Murphy." Kelly replied looking very thoughtful. "Excuse
me again. Do I have to leave quarters with the treasurer for all of
these phone calls? I'm really sorry. I should be using my credit card."
"You do, and I'll kill you!" Sandy said quickly. "You're making money
for us in big bunches."
Kelly looked in her notebook and dialed a number in Chicago. The phone
was answered moments later. "Hi, Bill. It's Kelly Cameron from Snyder
Securities. I just saw a piece on the broad tape that Murphy
Manufacturing is shipping test quantities of valves and rings to Magna.
I thought you folks at Ajax had all that business, or at least all of
yours plus what used to be Murphy's. Do you have a comment?" She
listened for a few moments and then spoke again. "Thanks, Bill, but I'm
not in my office. I just called in, and they told me. Can I call you
back in... say, an hour? Thanks a lot. I'll do that." She hung up the
phone.
"I think I just waved the red cape in front of the bull. Bill is in
financial public relations at Ajax. He can't react to what he doesn't
know. He'll know in a matter of minutes. Do you mind if I take a walk so
you people can get some work done?"
Sandy grinned at her friend and said with a wink, "Kevin's office is
down the hall on the right. I hear his couch is very comfortable."
"Sandra Donnell, you are terrible!" Kelly said. But she went down the
hall looking at offices on the right.
Forty minutes later Cliff's phone rang. It was Jack Crowther calling
from Magna. "Hi, Jack, how are you? I've got the answers for you, I
think. My people tell me if you want normal trial quantities we can ship
in five days. Is that good enough?"
"That's great, Cliff." He gave Cliff the plant location to which the
test quantities were to be shipped. "There's something else, though. I
guess I stuck my neck out with my top management a few minutes ago. I'm
taking your personal assurance on the Kaga quality thing."
"I'm glad you reminded me, Jack. What's your fax number? I received the
permission from Japan I expected, and will be happy to fax you a copy of
the managing director's letter to me. You can have it in seconds." Cliff
jotted down the number, and Sandy went to the fax machine. "It's on its
way. Now what's this business about sticking your neck out?"
"Cliff, this is all in confidence, okay? I'll tell you what you can use
later. Apparently George Simpson at Ajax just went berserk. I gather
there was a broad-tape announce ment that you had been asked to submit
test quantities of rings and valves."
"I hope that wasn't premature?" Cliff asked.
"According to our general counsel, you had to make the announcement.
Obviously, it doesn't amount to much at our end, but it certainly does
at yours. No, he says what you did was not only correct, it was legally
required. That's not the problem." Crowther paused for a moment to
collect his thoughts and then continued, "Cliff, in some ways we're a
strange company. People think we're slow moving, and I guess it's
generally a fair comment. However, we don't like to be pushed around.
Simpson went right to our Chairman. He told him if we bought ten cents
worth of product from Murphy, Ajax would cut us off across the board.
It's fair to say our Chairman was not pleased. I gather he told Simpson
some unpleasant places he could go and said we buy from the most
qualified supplier. Period!
"Just a minute, Cliff. I just got the Kaga letter, and I want to read
it." There was silence on the phone for a few minutes. Then Cliff heard
Jack yell "That's it!" and tell his secretary to make a copy of the fax
and hand-carry it to the Chairman immediately. "Thanks, Cliff. My neck's
off the block. That letter says exactly what you told me and a lot more.
I just asked my secretary to take it to the Chairman personally. Here's
the deal. I told him you were now a fully-qualified supplier of
top-quality components... based on the letter I hadn't seen until just
this minute. He instructed me to set up a phase-in schedule for Murphy
parts, scaling up to a volume that would be your old volume plus all of
Ajax's. As a purchasing officer, I feel like a fool, but can you do it
for approximately your old price? Let's say the old price, plus 5
percent?"
"That's a fair price, Jack. Yes, we can handle the work. I'll get you
the timing as soon as possible. Obviously, the key consideration is
availability of machine tools from Micronics. Now, Jack, what
announcement can I make? Your counsel said it: It may not be material to
you, but it sure as hell is to us. What you're talking about will triple
Murphy's gross sales. Hell, we'll be over a billion in sales! Now what
am I authorized to say?"
"You can say you have received a letter of intent from Magna Motors to
purchase parts at a volume equal to triple your former level. You'll
have the letter in less than five minutes on your fax. The order is
guaranteed for twenty-four months from the date of achieving full-scale
production. In other words, Cliff, the time it takes you to scale up to
our production requirements doesn't count against the contract term.
Murphy is price- protected with prices scaled to the Department of
Commerce Producer Price Index. Is that fair?"
"That's more than fair, Jack. It's a deal, and you're going to be amazed
at the quality you get. Our people tell me you have never seen product
as good as we'll be shipping. Thanks for the confidence. I'll be back to
you as soon as we know about the production scaling."
He looked up at Sandy. "Did you get the drift of the call? We're back in
with Magna at a scale triple our old volume at a five-percent price
increase, with price protection, *and* a twenty-four month supply
contract! It's absolutely unheard of. It's just never done!"
Kelly had returned to the office to call Ajax back. Cliff briefed her on
his call from Crowther at Magna. "Do you know what you have done young
lady? In less than twenty-four hours - on your initiatives - we've gone
from no place to Magna's top supplier. And Kelly, in confidence I'll
tell you our costs have come down to such an extent we will absolutely
mint money on this contract!"
Sandy had left the office. When she returned, she again had papers in
her hand. They were copies of the Magna letter that had just been
received. Kelly read it and then read it again. "This is unreal! Letters
like this are just not sent in the automotive industry. Orders are
forward rolling with some leads, but they are almost never long term.
Well, it's back to the telephone." Again she called her office in
Chicago. While she did, Cliff and Sandy talked. Finally, Sandy grinned
and nodded. She tapped Kelly on the shoulder and asked to speak to Jack
Snyder before she hung up. Kelly nodded and continued to dictate an
announcement of the Magna contract. She asked for Jack Snyder and passed
the phone to Sandy.
"Jack, this is Sandy Donnell again. Kelly tells me you got my check this
morning. Jack, I have a request to make. Kelly doesn't know anything
about this. You have two million dollars of my money. I don't know if
you're aware of the fact she put in $250,000 of her own. I know a broker
is always supposed to execute a client's order ahead of his own. I want
to change that: On the Murphy purchases, I'm going fifty-fifty with
Kelly until she runs out of money. Of course, anything beyond that is
obviously mine. I want that to be effective with the first orders
yesterday. If you need something in writing, just fax me up what you
want me to say, and I'll sign it.
"Jack, I can't tell you how important Kelly has become to me. She's
certainly worth a lot more than the commission she'll get on my trades.
Understand? Incidentally, she's handling my entire portfolio which is in
process of being transferred to you. Okay? Thanks so much." She hung up
and laughed at Kelly whose jaw had dropped.
"Sandy, that's too much. I mean... things just don't happen like this.
You're in a rough, tough, dirty-fingernails kind of business. You're not
supposed to behave this way!"
"Kelly," Cliff said. "Let me tell you something about Sandy. The company
means everything to her. Money doesn't. I really think she sweats
Monopoly money in the board game more than her own. We've been living
together for months now. I can tell you she lives on her pay as a
secretary, for God's sake. Believe it or not, I never thought of her
dividend income until you mentioned it yesterday. I suspect the only
time she does, either, is at tax time. Strange, perhaps, but very true.
"Of course the real reason she did it is when Murphy stock goes in the
tank, you two go together. Sandy's a cautious investor. She likes her
broker to be in it with her." He grinned with the last words.
Kelly just shook her head and picked up the phone and called Ajax.
"Bill, it's Kelly again. Any reaction? By the way, there is something
that just came to our office from Murphy. They announced a two-year
supply contract from Magna Motors. Apparently it's all of their old
volume plus all of yours." She listened for a few moments. "I'm sure it
will be on the broad tape." She listened longer and said, "I understand,
Bill. Look, I'm not going to use what you just said. Why don't you go
back to Simpson... No, wait a minute. I like you, and I don't want you
to get fired. Give me your fax number and I'll have the office fax you a
copy of the broad-tape announcement when it comes over. I'll call you
late this afternoon. Thanks."
She leaned back in Cliff's chair, then sat bolt upright. "My God, I'm
dumb!" Sandy and Cliff looked at her in bewilderment as she grabbed her
attache case and took out her financial calculator along with a pad of
paper. She started going over her numbers, checked them again, and
picked up the phone. "Kathy, it's Kelly. Get out a flash to all our
customers and put it on the broad tape if Dow-Jones will take it. I am
predicting earnings for Murphy Manufacturing of at least $30 per share
pretax for next year, rising to $100 pretax the year following. The
basis is estimated sales well above $1 billion within two years, coupled
with substantially improved operating margins. I think 10 percent pretax
on sales is possible. And for God's sake, bury anything at all negative
on Murphy I ever wrote. I'm a raging bull! Okay? Thanks."
She hung up the phone and grinned. "My God, what a jackass! It hadn't
even occurred to me, and that's what they pay me for! You people are
about to mint money! The present stock price is ridiculously low against
your earnings prospects. Sandra Donnell, your damned stock will be
trading around five-hundred in a year or so! My God, that's a value to
you of over three-hundred million dollars!"
Sandy looked very thoughtful. "Cliff, could you loan me twenty dollars?
Kelly says I'm rich, so we ought to eat steak tonight." She looked at
Kelly quizzically. "How about if we go shopping? I don't think you want
to wear those same clothes all week."
The girls left and Cliff immediately called a staff meeting. He was
chagrined to realize how much had happened this morning, and no one knew
it but himself, Sandy, Kelly, and the rest of the financial world via
the broad tape, but not his own people.
They assembled in the boardroom. Again, he had asked Max to join them.
Only this time he had asked him to bring his executive committee or
whomever else he might want. With all the people present, the room was
crowded. Cliff was amused to see Kevin looking much the worse for wear,
but with a very different look in his eyes. He rapidly brought them up
to date.
When he concluded the update, he grinned at the group. "Guys, I think
we're out of the woods, but we've got a lot of work to do. First, Max,
how do you want to handle the announcement. It's up to you, but I was
thinking about the speech Sandy gave when she said it would be our
objective to provide new jobs for all the people who were laid off. I
think we may be in a position to do that and maybe go beyond. All I can
say is if you and your people hadn't done the job they did, this could
not have happened. I want you to know we know it, appreciate it, and
want to do something about it. Specifically, we're thinking of a
profit-sharing program for the whole company. With the results we're
expecting, beginning next year, there should be some real profits to
share. At any rate, Sandy made the first speech. Do you think she might
be the one to announce the rehiring?"
Max looked at his people and saw grins and nodding heads. "Yes, sir, I
certainly do. Incidentally, Peter Schmidt has something he'd like to
say. Could he?"
"Of course, Max. What's on your mind, Peter?" Cliff asked.
"Mr. Fitzpatrick, I just wanted to say publicly that you and Max were
right, and I was wrong. I was one of the guys who said we should go out
on strike. Max said it would bury the company. There is no question Miss
Donnell's talk turned things around. We were going out until she spoke,
and I still voted to walk. That was probably the dumbest thing I ever
did in my life. You know something? You and Miss Donnell had more con
fidence in us and our ability to produce than we did ourselves. Thank
you, and thank you for giving us the tools to work with. I agree
completely with Max. She should talk to the workers."
The discussion moved on to scheduling and new equipment. Cliff was
amazed at the scale-up speed Bill and his people had in mind. He looked
at Steve Muller who had been shaking his head, and said, "Cliff, I have
been wondering what I'm doing for a living. I feel like the guy sitting
on top of Old Faithful, just getting shot up in the air. I feel like I'm
just along for the ride!"
"Don't worry about it, Steve. That's the way I feel all the time.
There's just one more thing, guys," Cliff said. He then briefed them
very quickly on the possible corner in the market for Murphy stock. "We
believe there are people who have sold shares who will not be able to
get the shares to deliver against their sales. Don't ever forget the
rat! It's most dangerous when it's in a corner with no place to run. I
think our rats are in a corner, and like the four-footed ones, are very
dangerous. I'm very serious. People will do desperate things if they're
facing financial ruin... and I think some people are." Cliff's talk
sobered up the people in the room who had been euphoric at the company's
prospects. "Guys, let's make damned sure the prospects become reality.
Okay?"
When the two girls returned in time for lunch, Kelly was wearing a new
dress. She had obviously come back by way of her hotel to clean up. He
briefed Sandy while Kelly went off to lunch with Kevin.
* * *
When they all returned to his office after lunch, Cliff's private line
was ringing. It was Kelly's trader, Bill, for her. She listened on the
phone for a few minutes, then said, "Are you absolutely sure? You are?
My God! We did it! Thanks Bill, that's great news. Keep buying if
there's anyone selling, okay? Great!" She hung up the phone.
"Obviously, that was Bill. He's confident that trading over the last two
days has hit 300,000 shares - the price just hit forty! There aren't
300,000 shares to trade! It's a damned corner, and I think we're the
only ones who know it!"
Sandy was thoughtful for a moment and then spoke to her friend. "I just
want to be sure I understand something: There have now been more shares
sold than there are to be sold. It's possible someone sold today what he
bought yesterday - some canceling trades - but let's say there are just
a few. What exactly happens?" Cliff quietly left the office before Kelly
replied.
The broker said, "In the vernacular, the shit hits the fan. Remember the
doggerel! Within a matter of hours, the sellers are going to find there
are no shares to deliver. It's not a matter of price, either. The shares
simply do not exist! God! I almost feel like flying to New York just to
see what happens on the floor. I would, too, except this is so arcane,
no one would know what he was seeing! Sandy, do you and Cliff mind if I
stay around for another day or so? Needless to say - although maybe I
should have said it - Jack Snyder wants me to do anything - everything!
- to keep you happy. In case you didn't know it, you are our firm's
largest account by far. Incidentally, we've received your securities
portfolio. Again, thank you for your business."
"Kelly, would you like an office? An apartment? I have already provided
a lover, so that's taken care of. By the way, that glow in your face
doesn't look like the gleam of avarice. It predates the invention of
money by quite a few millennia! That wouldn't be in your thinking about
staying over, would it?"
"Would it matter?" Kelly asked in a small voice.
"Of course not! I think you're going to find out something, if you
haven't already. When you're loved - and I mean really loved - it's so
damned great, you want everyone to know it and feel it themselves. And
I'm so desperately in love with Cliff I can't stand it sometimes. I just
want to hold him and be held. Do you understand?"
"I don't think I would have twenty-four hours ago, but I certainly do
now! Sandy, is it always this good? I mean... Kevin and I... It was *all
night*, for God's sake. I didn't think it was physically possible for a
man..." She had reddened, but still grinned. Sandy grinned back.
"I guess sometimes it is. Of course, with Cliff and me, since we've been
together so long... I mean we don't do an all-nighter more than three or
four nights a week anymore. I don't want you to get the wrong idea,
though. We try, but just collapse. By the way, you're invited for dinner
with Kevin if you would like to come and if he's available. Would you
care to?" Kelly accepted and went off to ask Kevin.
Just then Cliff returned with a tall young man Sandy didn't recall ever
seeing before. "Sandy, this is Sam Johnson. Sam, I would like to
introduce you to Sandra Donnell who owns the company. Sandy, Sam is the
director in charge of the Pinkerton detail, and I wanted to be sure he
and his people are fully briefed. Where's Kelly?" Just then Kelly
returned, beaming. She was introduced to Johnson. Cliff asked her to
brief him about the market.
"Sam, have you ever heard of a corner in the stock market?"
"Vaguely," he replied. "I thought it was something involving the robber
barons that went out at the turn of the century or something."
Kelly grinned and said, "It sort of did. The only way it can happen is
the way it's happening now. Not many shares of stock, and the bulk of it
in a single pair of hands. But it needs something else: There must be
short sellers. There can't be a corner if people are buying and selling
what they own. If they do, and there are a lot more people who want to
buy than want to sell, the price just goes up fast.
"This appears to be a classic corner. As of two days ago, there was a
very large short interest. These were people who had sold short,
borrowed stock to deliver, and are waiting for the price to drop to
cover their positions. Within the last twenty-four hours, though, there
have been more shares sold than there are shares. Now, there can always
be some day trading: someone buys at ten o'clock, say, and sells at two.
There can be some of that contained in the numbers. Nevertheless,
there's a devastating pattern for someone. First, it appears shares have
been sold that cannot be delivered. Second, there are the shorts from
two days ago and earlier who delivered borrowed stock they will have to
replace. There just aren't enough shares in existence. Do you see the
problem?"
Johnson had been listening intently. "I sure do! Am I correct in
assuming these people benefit if something bad happens to Murphy
Manufacturing? Something that would cause a lot of shareholders to want
to sell?"
"Absolutely right!" Kelly replied.
"And conversely, anything good that's announced just pulls the noose
tighter around their necks, right?" he continued. She nodded. "Then am I
correct in assuming the time of peak danger to the company is the next
seven days? After that it's probably too late to help the shorts."
"You're there, Sam," Cliff said. "That's why we're meeting right now. I
wanted to be sure you fully understand the problem. The other thing is
we want to do everything possible to protect ourselves. Bill Stevens
made the arrangements with your people. He couldn't have explained this
to them because we didn't know it ourselves until a few minutes ago.
Now, do you have all the manpower and equipment you can use, and, if
not, what more do you need and how fast can you get it?"
"May I use your phone, please, sir? I want to talk to my regional
director."
"Of course!" Cliff replied.
Johnson picked up the phone and dialed a number. He asked for a name
Cliff didn't pick up and then started speaking. "Boss, it's Sam. I'm at
Murphy Manufacturing, and they have a very dangerous situation over
here." He quickly explained the reasons for the danger. Then he listened
intently and started taking notes. Finally he said, "Thanks, Boss. That
sounds like it ought to do it." and hung up. Turning back to Cliff he
said, "I don't want to pat myself on the back, sir, but I think it's
lucky you called us. We're big, and have a lot of resources we can
deploy on short notice. I should warn you, though, this isn't going to
be cheap.
"What we're proposing is this: First, we would like to put an armed
guard in every truck leaving Murphy and have it trailed to its
destination with an unmarked car to cover against hijacking. Next, we're
going to get some teams here and put them on the roof tonight. We have
special infrared equipment that can light up the surrounding area so
it's like daylight if you have the right glasses. Finally, we propose to
double the plain- clothes detail in the plant during working hours, and
put attack dogs in the plant at night."
He grinned, and continued, "All I can say is I wouldn't care *ever* to
meet one of those damned dogs in a dark plant. Only you don't meet just
one. They run in packs. I went in one night after the dogs trapped an
intruder. They're trained to hold a person who's still. They don't
attack, then, they just hold. This poor clown was scared stiff. Even
with the dogs gone, he literally could not move. He was taken to jail on
a stretcher. Anyway, how does the program sound? We'll plan on seven
days and see what happens."
Sandy nodded, and Cliff said, "It's fine. When do you start?"
Johnson smiled again. "Before I hung up the phone. By now, your place is
going to be crawling with our people. I better dash and get them all
deployed. It's been delightful meeting you all. Let's keep our fingers
crossed!" He shook hands all around and left.
It was time for Sandy to give her speech so they went down to the plant
floor. Cliff was very pleased to see faces he didn't recognize spotted
around the plant pushing brooms, and apparently handling boxes, but in
all cases being very alert. A broom-pusher stopped near by and spoke to
Cliff without looking at him.
It was Sam. "I just heard about the speech to the workers. Obviously, my
people are on the alert, because this would be the perfect time for
someone to move. All the workers are in one place with the machine tools
uncovered."
Sandy was introduced and started speaking: "Ladies and gentlemen, we may
be out of the woods. This morning we received an order from Magna
Motors. It is for three times the volume we used to have! As soon as
equipment can be installed, we'll be expand ing production and rehiring.
A few months ago I stood here and said I recognized an obligation to the
people we were forced to lay off. We have the obligation, and we have
not forgotten: With luck, they will all be back at work within ninety
days. I want you to know it was *your work* that created these jobs. The
quality of product we're shipping now is the best it has ever been in
the company's history. We're rebuilding this company on quality: the
quality you're producing. I can only say, please don't stop. Personally,
I don't think you will. I learned something from Cliff Fitzpatrick. He
said workers want to do a good job. I hoped he was right, but I wasn't
sure. Now I *am* sure! You're doing it. Thank you for your support."
The workers cheered. She waved, and they cheered louder. Then she
brought Max and Cliff to the podium, and they cheered even louder.
Finally, Max waved for quiet. "Thanks, Sandy! Brothers and Sisters, that
is all I can say or need to say. Management - ownership - kept it's
word. Sandy said if we did the job, we would have the jobs back. She was
dead right. I'm proud as hell, and I know you are, too.
"There's just one more thing: I can't go into the details, but you must
be on your guard for the next seven days. You know the Pinkertons are
here. There are people who we are almost certain will try to sabotage
our operations here within the next five days. If you see anyone - and I
mean *anyone* - you don't recognize, notify a Pinkerton immediately.
They know their jobs, but they don't know our people. You do. You point
them to the stranger, and they'll do the rest. The owner took care of us
as she promised she would. I promised her we would take care of her
plant. That's *my* promise and the union's promise to her. Make damn
sure we deliver on that promise! Now let's all get back to work!"
They went back to Cliff's office and Sandy took off her white coat that
she wore for the speech. Kelly said, "I wish I could have heard your
previous speech to the workers, Sandy. My God! I have never seen
anything like it. You could have heard a pin drop while you were
speaking. They believe in you! They really do, and it's so great to
see."
There was a message waiting for her to call her trader which she did
immediately. "Bill, it's Kelly. What's up?" she said. She listened and
quickly made a thumbs-up sign for the others to see. "My God! you're
kidding! It's at forty!" She continued to listen, and then thanked him
and hung up.
"Murphy closed at forty. Bill's certain there's a corner. It jumped
beginning thirty minutes before the close. He doesn't think they'll be
able to open trading in the morning."
Then she dialed another number. It was the financial public relations
man at Ajax. "Hi, Bill. It's Kelly again. Do you have any word for me?"
She listened intently, and finally said, "Thanks, Bill. I know it's not
for publication, but let me know as soon as you have anything official.
You know how to reach me." She hung up and leaned back in the chair.
"Folks, the champagne is on me tonight. Where can I get some Dom
Perignon? Sandy, based on your instructions, Bill got us another
$300,000 in Murphy averaging about thirty-five. I guess our shares have
an average cost of about thirty over the two days, so that's a total of
1,600 or 1,700 shares. I'm out of money, but the damn stock is now at
forty! I have made eight thousand dollars in one day!"
They went back to the apartment, and Cliff helped Sandy with
preparations for the dinner. He continued to be impressed at how
organized she was. At seven-thirty, the doorbell rang. It was Kevin and
Kelly with two bottles of champagne. He had a wine cooler to put one in
and put the other in the refrigerator. Then Kevin started opening a
bottle which was already chilled. Sandy came in with hors d'oeuvres as
Kevin poured the champagne. Cliff looked at his glass and then looked at
Kelly. "I don't know which is bubbling more, Kelly, you or the
champagne. I think you are."
The dinner was a smashing success with Sandy serving a roast sirloin of
beef. After coffee and cognac, Kevin and Kelly excused themselves,
mumbling something about it being a very long day. Sandy didn't even kid
them about the longer night to follow.
--
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