Luring A Lady
Page 15
Throughout her adult life one day of the week had been the same as the next; all of them a scattershot of charity functions, shopping and lunch dates. There had been no work schedule, and weekends had simply been a time when the parties had lasted longer.
Things had changed. As she read over a new contract, she was glad they had. She was beginning to understand why her grandfather had always been so lusty and full of life. He'd had a purpose, a place, a goal.
Now they were hers.
True, she still had to ask advice on the more technical wordings of contracts and depended heavily on her board when it came to making deals. But she was starting to appreciate—more, she was starting to relish the grand chess game of buying and selling buildings.
She circled what she considered a badly worded clause then answered her intercom.
"Mr. Bingham to see you, Ms. Hayward."
"Send him in, Janine. Oh, and see if you can reach Frank Marlowe at Marlowe, Radcliffe and Smyth."
"Yes, ma'am."
When Lloyd strode in a moment later, Sydney was still huddled over the contract. She held up one finger to give herself a minute to finish.
"Lloyd. I'm sorry, if I lose my concentration on all these whereases, I have to start over." She scrawled a note to herself, set it and the contract aside, then smiled at him. "What can I do for you?"
"This Soho project. It's gotten entirely out of hand."
Her lips tightened. Thinking of Soho made her think of Mikhail. Mikhail reminded her of the turbulent ride from Long Island and her latest failure as a woman. She didn't care for it.
"In what way?"
"In every way." With fury barely leashed, he began to pace her office. "A quarter of a million. You earmarked a quarter of a million to rehab that building."
Sydney stayed where she was and quietly folded her hands on the desk. "I'm aware of that, Lloyd. Considering the condition of the building, Mr. Stanislaski's bid was very reasonable."
"How would you know?" he shot back. "Did you get competing bids?"
"No." Her fingers flexed, then relaxed again. It was difficult, but she reminded herself that he'd earned his way up the ladder while she'd been hoisted to the top rung. "I went with my instincts."
"Instincts?" Eyes narrowed, he spun back to her. The derision in his voice was as thick as the pile of her carpet. "You've been in the business for a matter of months, and you have instincts."
"That's right. I'm also aware that the estimate for rewiring, the plumbing and the carpentry were well in line with other, similar rehabs."
"Damn it, Sydney, we didn't put much more than that into this building last year."
One slim finger began to tap on the desk. "What we did here in the Hayward Building was little more than decorating. A good many of the repairs in Soho are a matter of safety and bringing the facilities up to code."
"A quarter of a million in repairs.'' He slapped his palms on the desk and leaned forward. Sydney was reminded of Mikhail making a similar gesture. But of course Lloyd's hands would leave no smudge of dirt. "Do you know what our annual income is from those apartments?"
"As a matter of fact I do." She rattled off a figure, surprising him. It was accurate to the penny. "On one hand, it will certainly take more than a year of full occupancy to recoup the principal on this investment. On the other, when people pay rent in good faith, they deserve decent housing."
"Decent, certainly," Lloyd said stiffly. "You're mixing morals with business."
"Oh, I hope so. I certainly hope so."
He drew back, infuriated that she would sit so smug and righteous behind a desk that should have been his. "You're naive, Sydney."
"That may be. But as long as I run this company, it will be run by my standards."
"You think you run it because you sign a few contracts and make phone calls. You've put a quarter million into what you yourself termed your pet project, and you don't have a clue what this Stanislaski's up to. How do you know he isn't buying inferior grades and pocketing the excess?"
"That's absurd."
"As I said, you're naive. You put some Russian artist in charge of a major project, then don't even bother to check the work."
"I intend to inspect the project myself. I've been tied up. And I have Mr. Stanislaski's weekly report."
He sneered. Before Sydney's temper could fray, she realized Lloyd was right. She'd hired Mikhail on impulse and instinct, then because of personal feelings, had neglected to follow through with her involvement on the project.
That wasn't naive. It was gutless.
"You're absolutely right, Lloyd, and I'll correct it." She leaned back in her chair. "Was there anything else?"
"You've made a mistake," he said. "A costly one in this case. The board won't tolerate another."
With her hands laid lightly on the arms of her chair, she nodded. "And you're hoping to convince them that you belong at this desk."
"They're businessmen, Sydney. And though sentiment might prefer a Hayward at the head of the table, profit and loss will turn the tide."
Her expression remained placid, her voice steady. "I'm sure you're right again. And if the board continues to back me, I want one of two things from you. Your resignation or your loyalty. I won't accept anything in between. Now, if you'll excuse me?"
When the door slammed behind him, she reached for the phone. But her hand was trembling, and she drew it back. She plucked up a paper clip and mangled it. Then another, then a third. Between that and the two sheets of stationery she shredded, she felt the worst of the rage subside.
Clearheaded, she faced the facts.
Lloyd Bingham was an enemy, and he was an enemy with experience and influence. She had acted in haste with Soho. Not that she'd been wrong; she didn't believe she'd been wrong. But if there were mistakes, Lloyd would capitalize on them and drop them right in her lap.
Was it possible that she was risking everything her grandfather had given her with one project? Could she be forced to step down if she couldn't prove the worth and right of what she had done?
She wasn't sure, and that was the worst of it.
One step at a time. That was the only way to go on. And the first step was to get down to Soho and do her job.
Things had changed. As she read over a new contract, she was glad they had. She was beginning to understand why her grandfather had always been so lusty and full of life. He'd had a purpose, a place, a goal.
Now they were hers.
True, she still had to ask advice on the more technical wordings of contracts and depended heavily on her board when it came to making deals. But she was starting to appreciate—more, she was starting to relish the grand chess game of buying and selling buildings.
She circled what she considered a badly worded clause then answered her intercom.
"Mr. Bingham to see you, Ms. Hayward."
"Send him in, Janine. Oh, and see if you can reach Frank Marlowe at Marlowe, Radcliffe and Smyth."
"Yes, ma'am."
When Lloyd strode in a moment later, Sydney was still huddled over the contract. She held up one finger to give herself a minute to finish.
"Lloyd. I'm sorry, if I lose my concentration on all these whereases, I have to start over." She scrawled a note to herself, set it and the contract aside, then smiled at him. "What can I do for you?"
"This Soho project. It's gotten entirely out of hand."
Her lips tightened. Thinking of Soho made her think of Mikhail. Mikhail reminded her of the turbulent ride from Long Island and her latest failure as a woman. She didn't care for it.
"In what way?"
"In every way." With fury barely leashed, he began to pace her office. "A quarter of a million. You earmarked a quarter of a million to rehab that building."
Sydney stayed where she was and quietly folded her hands on the desk. "I'm aware of that, Lloyd. Considering the condition of the building, Mr. Stanislaski's bid was very reasonable."
"How would you know?" he shot back. "Did you get competing bids?"
"No." Her fingers flexed, then relaxed again. It was difficult, but she reminded herself that he'd earned his way up the ladder while she'd been hoisted to the top rung. "I went with my instincts."
"Instincts?" Eyes narrowed, he spun back to her. The derision in his voice was as thick as the pile of her carpet. "You've been in the business for a matter of months, and you have instincts."
"That's right. I'm also aware that the estimate for rewiring, the plumbing and the carpentry were well in line with other, similar rehabs."
"Damn it, Sydney, we didn't put much more than that into this building last year."
One slim finger began to tap on the desk. "What we did here in the Hayward Building was little more than decorating. A good many of the repairs in Soho are a matter of safety and bringing the facilities up to code."
"A quarter of a million in repairs.'' He slapped his palms on the desk and leaned forward. Sydney was reminded of Mikhail making a similar gesture. But of course Lloyd's hands would leave no smudge of dirt. "Do you know what our annual income is from those apartments?"
"As a matter of fact I do." She rattled off a figure, surprising him. It was accurate to the penny. "On one hand, it will certainly take more than a year of full occupancy to recoup the principal on this investment. On the other, when people pay rent in good faith, they deserve decent housing."
"Decent, certainly," Lloyd said stiffly. "You're mixing morals with business."
"Oh, I hope so. I certainly hope so."
He drew back, infuriated that she would sit so smug and righteous behind a desk that should have been his. "You're naive, Sydney."
"That may be. But as long as I run this company, it will be run by my standards."
"You think you run it because you sign a few contracts and make phone calls. You've put a quarter million into what you yourself termed your pet project, and you don't have a clue what this Stanislaski's up to. How do you know he isn't buying inferior grades and pocketing the excess?"
"That's absurd."
"As I said, you're naive. You put some Russian artist in charge of a major project, then don't even bother to check the work."
"I intend to inspect the project myself. I've been tied up. And I have Mr. Stanislaski's weekly report."
He sneered. Before Sydney's temper could fray, she realized Lloyd was right. She'd hired Mikhail on impulse and instinct, then because of personal feelings, had neglected to follow through with her involvement on the project.
That wasn't naive. It was gutless.
"You're absolutely right, Lloyd, and I'll correct it." She leaned back in her chair. "Was there anything else?"
"You've made a mistake," he said. "A costly one in this case. The board won't tolerate another."
With her hands laid lightly on the arms of her chair, she nodded. "And you're hoping to convince them that you belong at this desk."
"They're businessmen, Sydney. And though sentiment might prefer a Hayward at the head of the table, profit and loss will turn the tide."
Her expression remained placid, her voice steady. "I'm sure you're right again. And if the board continues to back me, I want one of two things from you. Your resignation or your loyalty. I won't accept anything in between. Now, if you'll excuse me?"
When the door slammed behind him, she reached for the phone. But her hand was trembling, and she drew it back. She plucked up a paper clip and mangled it. Then another, then a third. Between that and the two sheets of stationery she shredded, she felt the worst of the rage subside.
Clearheaded, she faced the facts.
Lloyd Bingham was an enemy, and he was an enemy with experience and influence. She had acted in haste with Soho. Not that she'd been wrong; she didn't believe she'd been wrong. But if there were mistakes, Lloyd would capitalize on them and drop them right in her lap.
Was it possible that she was risking everything her grandfather had given her with one project? Could she be forced to step down if she couldn't prove the worth and right of what she had done?
She wasn't sure, and that was the worst of it.
One step at a time. That was the only way to go on. And the first step was to get down to Soho and do her job.
