Chapter 571
ter 571
ed listened to the others praise him while criticizing Oliver, he felt immense satisfaction.
er the past few years, Oliver had done an admirable job running the company, and Fred had not found opportunity to unseat him as CEO.
With this latest mistake, Fred was determined to take advantage of the situation and claim the position for himself.
No... He intended to make the Raynor Group change its name to Burridge!
"I can help the company through this crisis," Fred said. "But if Mr. Raynor has another impulsive moment that harms the company's interests, there might not be anyone to cover for him next time."
"Mr. Raynor did lead the company through significant growth in the past, but someone who would jeopardize the company's survival over a man is unfit to be a leader. Don't you all agree?"
The shareholders, no fools themselves, quickly understood that Fred wanted to replace Oliver.
With Fred's 30% stake, he was indeed the most viable candidate to succeed Oliver as CEO. After all, Fred's father had co-founded the Raynor Group alongside Oliver's father, dedicating much of his life to the company. He had even passed away from a heart attack while working on company documents.
Fred's family had sacrificed everything for the Raynor Group.
However, Fred had kept a low profile over the years, and the shareholders were unsure about his capabilities.
While Oliver had made a major misstep this time, many still leaned toward supporting him.
Noticing their hesitation, Fred smiled and said, "I understand if you don't trust me just yet, but I'll prove my ability to manage the Raynor Group."
"Excellent!" A booming voice suddenly echoed from the doorway.
The shareholders turned to see none other than Oliver's father, Hugh Raynor, entering the room.
Everyone was momentarily stunned, except for one shareholder sitting in the corner-he was the one who had informed Hugh.
As Hugh walked into the meeting room, the shareholders greeted him with respect. He took a seat at the head of the table, giving Fred an approving look-although it seemed as if he were looking through him, at someone else.
Upon seeing Hugh, Fred's hands clenched under the table, and a flash of hatred flickered in his eyes. If it had not been for this man, his father would not have died. Now, it was time for the Raynors to repay that debt.
Hugh drew his gaze back, scanning the room before declaring, "I've been made aware of the situation. This is my fault for failing to raise my son properly. I agree that Oliver should step down, and Fred should take over as the new CEO of the Raynor Group." The room fell into a stunned silence. Everyone exchanged bewildered glances, struggling to process what they had just heard.
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Chapter 571
Did they hear him correctly? Hugh was agreeing to his son's resignation? Was he really throwing his own child under the bus?
Hugh held 51% of the Raynor Group's shares. While handing the company over to Oliver a few years ago, he had given him 46%. As long as father and son stood united, no one could possibly remove Oliver as
CEO.
But now, with Hugh backing Oliver's resignation, it was clear he wouldn't be casting his vote for his son. This gave Fred a genuine chance at becoming CEO.
Suddenly, the door burst open, and Oliver stormed in, his expression cold and tense.
"Dad, what are you doing here?" he demanded.
Hugh remained calm, but the weight of his athority was unmistakable, making the air in the room feel
thick.
"If I hadn't come, how would I know you've been making so many reckless decisions over a woman?" he asked sharply. Today's Bonus Offer