My mystery lover

Chapter 347 I'll Give You Back the Position of President

Richard handed the agreement he had brought to Jacob so he could sign it.

Jacob accepted the agreement. Before he had a chance to read it, Richard said, "The HD Group is

already insolvent. I'm not going to ask what you did. It's a mess right now, and it'll take me a long time

to restore it. I'm so unlucky. Too bad for me that you're my older brother. If it were someone else, I

definitely won't help." Richard sighed.

Jacob held the agreement tightly, afraid that Richard would regret his decision. He knew very well that

the current HD Group was truly a mess. He could no longer sustain it. It would be more than he could

wish for if Richard was willing to take it over. Being the President was challenging. This position was a

hot potato.

"You can't regret it. I'm going to transfer all my shares to you. I don't want to be the President anymore.

You give me money. What happens to the HD Group in the future has nothing to do with me." Jacob

dreamed on. If he gave all his shares to Richard in exchange for cash, he would be able to enjoy life.

As for the HD Group, it likely would not generate profit for a long time. He did not want to bother with it

anymore. It would have nothing to do with him whether it was profitable or not. He would get money

from Richard in exchange for his shares.

"Jacob, what am I going to do with your shares? You borrowed so much money out there. Your shares

aren't enough for pledging. I still need to pay your debt. Where do you think I'm going to get that much

money from?" Richard asked as he made a move that looked like he wanted to take back the

agreement.

"No, no, no. You can just give me a bit of money for my shares. I don't want much. I'm going to sign this

agreement. I won't be the President of the HD Group anymore, so don't come to me because of that

mess anymore." Jacob held the agreement tightly.

He took a look at the agreement and felt that there was no problem with it. He gave the position of

President of HD Group to Richard.

"I'm probably the most short-lived President. It hasn't even been three months, and I'm already in this

predicament," Jacob said mockingly.

"I'm not fit to be the President. I couldn't do it before, and I thought it was because I was young. But I

couldn't now either, which meant I'm truly not cut out for it."

"Jacob, don't be offended by my frankness. Although you have given up the position of the President of

HD Group, you still own shares. You need to find speak with your lawyer to draft the equity transfer

agreement before I can give you the money. I can't casually give you the money. I need to borrow

money too. I don't have that much on hand," Richard said to Jacob.

"Richard, it's fine. Just give me a hundred million. I don't want anything else. A hundred million is

enough for the rest of my life." At this time, Jacob hurriedly set a price for his shares.

Addy was a little anxious. She had to work hard so that her son could become the President. Grandma

Carter's will was even her work. She did not expect her son to refuse the position just like this.

"Um Jacob, don't you want to think about it a bit more? Once you sign, you can't go back on it

anymore," Addy reminded her son.

She coveted the position of the President of the HD Group for a long time, so she pushed her eldest

son to the position. But it had only been three months, and he wanted to quit.

"Mom, I beg you to let me go. I'm not fit for it. I can work at a smaller company or spend every day

having fun. I'd rather die than manage the HD Group!" Jacob was fed up with the suffering. He was not

cut off for it originally. He knew very well how he came to be the President of the HD Group.

At that time, Allison came up with the idea for him. But that damn woman disappeared. What a devil.

He listened to her this time and paid the damages to the Newell Group, placing him in this predicament.

The HD Group had no money, so he had to think of a solution. But those banks refused to lend money

because the HD Group was already heavily in debt. They would only lend the HD Group money once

the previous debt was paid.

Jacob had to borrow upon usury, but it was not something anyone could handle. The interest rate was NôvelDrama.Org © 2024.

frightening high. Now he also put the HD Group at risk.

"Jacob, I can't give you a hundred million for your shares right now. I still need to borrow money to

repay your usury. If you are fine with eighty million, then I'll try to gather that amount. If you aren't, then

we won't transfer the equity." Richard looked reluctant. To be honest, only a fool would take on the HD

Group at this time because it meant being held responsible for the debt.

"I'm only doing this for our grandfather and father. Otherwise, I wouldn't accept it. If the HD Group went

bankrupt, you're the only one who will suffer. It has nothing to do with me. I don't own any shares."

Richard stood up after speaking.

"Okay, okay. Eighty million then. Just give me the money in one month. I'll give you plenty of time

because it'll be time to pay back the loan the day after tomorrow. You may be too busy." Jacob was

begging Richard by now. He was already satisfied that Richard was willing to give him money. He could

not afford to rush Richard because he would be miserable if Richard regretted his decision.

"Okay then. Ask your lawyer to draft the agreement tomorrow, and we'll sign it. But from now on, I won't

care about anything related to HD. If they come to me, I'll say that you're the President of HD." Jacob

looked like he was throwing out the hot potato.

There was nothing Addy could do. Her son was a good-for-nothing. What could she do? She was fated

to live a normal life instead of becoming the lady of the Carter family.

After signing the agreement, Jacob kept one copy for himself and gave the other two copies to Richard.

"Jacob, I think I'm at a disadvantage. We are both sons of the Carter family. You should also contribute

to the Carter family. Why don't you be the President?" Richard regretted it a bit.

"The agreement has been signed, so you can't refuse anymore. I'm going to rest. You should also go

back soon to spend time with Allen and Amy." Richard gave the agreement to Addy and asked her to

take care of it. Then he lay down and was ready to go to bed. Now that the issue has been addressed,

he felt a lot more relieved.

Jacob left with the agreement that Jacob signed in hand. Jacob sure overestimated himself. He wanted

to scheme against others when he did not have the brains for it. If Allison had not played tricks behind

his back, Jacob would not have been able to make demands. It was just that the HD Group was truly a

mess now. Good thing he transferred a large part of corporate assets out before. Jacob did not know

how many assets the HD Group truly had.