Chapter 14 - The Price on the Table

Nathan's proposed buyout price rested on a valuation prepared before the sale collapsed. It assumed steady retail orders from a store he now controlled separately, even though those orders had stopped. The disagreement was predictable. The danger was that we might let personal anger shape the number.
Maya encouraged independent valuation and a negotiated process with separate counsel for all parties. I hated the idea of paying another expert to tell us what was already obvious: Nathan wanted out without absorbing the consequences of his decisions, and we could not pay whatever he demanded.
“Knowing why someone asks for a number doesn't tell you the right number,” Maya said. “We need to separate the divorce from the company and the assault from both.”
“I'm tired of separating things Nathan tangled together.”
“So am I. We still need to do it.”
The process stretched through winter. Independent advisers reviewed the company's accounts. The workshop stabilized two commercial contracts but lost another. We cut overtime, delayed the replacement of one nonessential machine, and negotiated supplier terms with the help of an accountant. No one enjoyed the changes. Lena asked for a raise she deserved and couldn't immediately receive. Ben took two vacation days and came back looking more exhausted than when he left.
I worked in the shop three days a week and spent two learning the parts of the business my mother had tried to shield me from. Some decisions made me unpopular. I stopped an order Ben loved because the margin wouldn't cover its rush costs. He told me I was finally learning the wrong part of management. We argued in the hallway, then returned to the numbers and adjusted the quote instead of rejecting it altogether.
In January, the jewelry-store assault case remained under review by prosecutors following the police investigation. Alice had provided her account, and the business had preserved footage after counsel intervened. I wasn't promised a specific outcome. Nathan, through his attorney, had acknowledged making physical contact but disputed the circumstances. I refused his request to discuss it privately.
The proxy dispute also continued. The notary had formally denied executing the document. Celeste, with her own lawyer, had described how she'd inserted a signature image into a draft at Nathan's request. The evidence supported my position that I had not signed it, but there were still questions about who added the stamp and when. Company counsel maintained the proxy could not be relied upon. Maya discussed possible civil claims and referrals to the appropriate authorities without promising that anyone would be charged.
Sometimes I imagined the case ending with Nathan standing in court and admitting everything. Mostly it consisted of emails, appointments, and days when I had other work to do.
He and I met only once that winter, at a scheduled settlement conference with our attorneys. The room had no windows. Nathan wore the same watch he'd worn when we married.
“I didn't marry you for your shares,” he said when an attorney left to make copies.
“I'm not going to debate why you married me.”
“I loved you.”
“I believe that you believed it sometimes.”
He looked down at his hands. “I needed the Larkspur deal. I thought if it closed, I'd fix everything afterward.”
“You signed a future onto a page without my consent.”
He glanced toward the door. “My lawyer would tell me not to discuss that.”
“Then don't. There's enough that isn't disputed. You hid the debts. You tried to push the workers into a future they hadn't been told about. You hit me.”
His face changed when I said the last sentence. “I apologized.”
“Yes. You did.”
He waited for the words to undo something. They did not.
Our attorneys returned. We spent the rest of the session discussing property, disclosures, and dates. It was unpleasant and necessary. When we left, Nathan didn't follow me to the elevator.
By March, the independent valuation had narrowed the buyout gap. The lender approved a conditional financing package, subject to a new operating plan and shareholder agreements. Louise supported it. The employee shareholders debated how much company ownership they wanted to assume and what risk that would create for their savings. We invited them to meet the adviser without Nathan or me in the room.
After that meeting Lena came to my office and told me what she could share. Some employees wanted ownership; others feared buying an interest they couldn't easily sell. One preferred a raise to any share certificate. Another had been burned by a stock plan at a previous employer and wanted no part of it.
“It's okay if they don't choose the same thing,” I said.
“That's what we're asking you to mean,” Lena replied. “Not just say.”
We adjusted the proposed plan so participation would be voluntary and wouldn't replace wages. It took extra negotiation and left me with a smaller margin for error. It also felt less like my family awarding people something and more like adults deciding their own risk.
I realized how often I'd spoken of the workshop as if it belonged only to my mother and me. It had always depended on people who arrived before sunrise, stayed to train apprentices, and worried about the next invoice. Their choice should not be an afterthought to mine.
At the final negotiating session, Nathan accepted a lower price in exchange for a staged payment structure and a defined release of certain business claims, subject to carve-outs and approvals that Maya insisted be explicit. The divorce was being handled separately. He would transfer his twenty-eight percent interest once the financing and closing conditions were satisfied. Until then, he remained a shareholder with restricted involvement under an interim agreement.
I didn't feel triumphant when he signed the term sheet. I felt the old temptation to tell my mother we had beaten him. Instead I looked at the payment schedule and asked Ben whether we could meet it without asking the staff to work unpaid hours. He said it was difficult but possible if the orders held. That was the answer I needed.
On the way out, Nathan paused beside me.
“Are you ever going to wear a ring again?” he asked.
“I don't know,” I said.
He gave a short, tired laugh. “You always hated not knowing.”
May you like
“I still do.”
I walked away with the knowledge that not knowing was no longer a reason to let somebody else choose for me.