Chapter 497 The Big Trouble of Smith Corporation
Veda practically sprinted back to the office.
Just as she feared, in just a few hours, the situation at Smith Corporation had gone from bad to worse.
With no official statement from Smith Corporation, the media assumed Michael was cornered and ramped up their coverage, even starting live broadcasts right outside the company's doors.
By noon, Smith Corporation's stock had plummeted to unprecedented lows.
Shareholders were driving in from all over, gathering in the large conference room on the third floor, demanding the Smith family provide an explanation.
But someone had arrived even earlier than the shareholders.
"Mom?"
Veda pushed open the door to find Scarlett sitting on the couch, leisurely reading a newspaper.
She was so shocked she thought she might be dreaming, until Scarlett looked up and smiled.
"Veda, you're finally here. Things are chaotic outside, but don't worry, I'm here to help you."
Scarlett's face was a picture of shrewd calculation, though Veda couldn't see it.
Scarlett had been abroad for a while, and the old grudges had mostly faded. After all, Veda was her daughter. Could she really hold a grudge against her?
Veda quickly broke down in tears and threw herself into Scarlett's arms.
She had been holding up Smith Corporation on her own for so long, and now, with the company in turmoil caused by Michael, she was at her breaking point.
"Mom, when did you come back?"
Scarlett had been sent abroad and put under house arrest by Michael himself. But her offense wasn't serious, and Mason, being lenient, had eased up on her restrictions since she had behaved well.
Scarlett hadn't expected to return to such a severe business crisis. It was bad, but also an opportunity.
She could seize control of the shares amidst the chaos!
Michael was tough, but Veda? She was much easier to manipulate.
So, upon hearing about the stock crash, Scarlett had rushed to the company, eager to attend the upcoming shareholders' meeting.
Scarlett smirked inwardly while comforting Veda. "Veda, don't be afraid. I'll help you stabilize the situation."
She gently patted Veda's back, her eyes scanning the conference room, already plotting how to regain control.
Veda felt her mother's warmth and was so immersed in it that she forgot most of what Daniel had said earlier.
Scarlett wouldn't harm her, right? Veda kept telling herself.
"You haven't told your grandfather about this, have you?" Scarlett asked, her tone still gentle despite her frown.
"Don't disturb him. He's worked hard for the Smith family all his life and finally has a chance to enjoy his retirement. Michael's caused such a mess, it's irresponsible. Veda, you're much more suited to run the company. I have always had high hopes for you."
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Hearing Scarlett's affirmation, Veda felt a warm surge in her heart, though she was still a bit incredulous.
"Mom, do you really believe Michael would be stupid enough to get drunk and hit someone? He's always been the most self-controlled person. Even when things were bad with Emily, he never..."
Emily again.
Scarlett sighed, her eyes flashing, but her face remained shrewd.
"Veda, you're so naive! You said it yourself, Michael was drunk. How could he have any self-control? And can you stop mentioning Emily? Remember why I was sent abroad for so long?"
The more Scarlett spoke, the more indignant she became.
"From now on, she's the enemy who hurt your mother! Don't mention her again!" "But she's still preg..."
Before Veda could finish, Scarlett's emotions flared, and she stood up, cutting her off completely.
"Enough, Veda. You need to understand, the future of the Smith family is in your hands. No one can take it from you!
"Today, I'm here to help you seize control of the Smith family. No one will look down
on my daughter, and no one will dare to hurt me again!"
With that, Scarlett's face broke into a shrewd smile.
Hey there! Just a friendly reminder that if you're not reading this book on nel5s.com, you might be missing out on the complete story. Head over there to dive into the next chapter-it's all free!
Seeing this, Veda, though anxious, could only lower her eyes and listen to Scarlett.
The shareholders' meeting started on time.
There was no time to address the online rumors, but they had to give an explanation to the internal stakeholders.
With Michael absent, Veda had to step up to stabilize the situation.
Scarlett knew Veda lacked decisiveness, and with Mason unaware at home, she aimed to seize control herself.
But she hadn't anticipated that Michael's aunt, Faye, would send a secretary from abroad upon hearing the news.
Faye held a significant portion of the shares, alongside Veda and Michael.
With the secretary present, Scarlett's influence diminished, and her words carried less weight.
The secretary, holding a file, walked straight to Veda, clearing his throat. "Ms. Veda Smith, I've been instructed by Ms. Faye Smith to come here on a private jet.
"This is a power of attorney. Please review it. It details that regardless of Smith Corporation's decisions, share transfers, or changes in the presidency, Ms. Faye Smith's 20% share will be transferred to her nephew, Michael, the current president and direct grandson of the former chairman, to be combined with his shares for company decisions.
"Ms. Faye Smith will have no further objections and will withdraw from the shareholders' meetings from now on."
Before Veda could respond, Scarlett interjected angrily.noveldrama
"What is the meaning of this?" she snapped at the secretary. "Ms. Faye Smith has some
nerve!"
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