A Price Worth Paying?

Michael Murray thought that he’d suffered enough. His excitement at taking over as Chairman of Maartel International had been replaced with a horrible fear of what was coming next. Issuing one profit warning was bad enough, but two? Having to fire the longstanding CEO was tough but not as stressful as leading the company’s fight against a hostile takeover bid. So he was pleased when the headhunter looking for a new CEO introduced him to the dynamic American executive Bob Johnson. Sure, Bob’s demands were high, but what choice did they have? So confident was he in his new CEO that Michael had no hesitation in supporting the proposal to spend all of Maartel’s cash reserves on a major acquisition, ignoring concerns about the target’s location and the quality of its controls. And the allegation of illegal conduct made by the manager in their new business was surely only the revenge of a disgruntled employee ... wasn’t it?

A Price Worth Paying? (Trailer)

Michael Murray thought that he’d suffered enough. His excitement at taking over as Chairman of Maartel International had been replaced with a horrible fear of what was coming next. Issuing one profit warning was bad enough, but two? Having to fire the longstanding CEO was tough but not as stressful as leading the company’s fight against a hostile takeover bid. So he was pleased when the headhunter looking for a new CEO introduced him to the dynamic American executive Bob Johnson. Sure Bob’s demands were high but what choice did they have? So confident was he in his new CEO that Michael had no hesitation in supporting the proposal to spend all of Maartel’s cash reserves on a major acquisition, ignoring concerns about the target’s location and the quality of its controls. And the allegation of illegal conduct made by the manager in their new business was surely only the revenge of a disgruntled employee ... wasn’t it?

Written by Dechert's Duncan Wiggetts and produced by area17.co.uk.

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