Serial Nook

My Chief Executive Fired Me Hours Before His Seed Deal, Believing My Work Was His To Sell, But My Forgotten Stewardship Agreement Brought His Closing Table To A Halt

The Buyer Offered Enough Money To Make Me Hesitate

Part 6 · 3 min read ·

I read the offer three times before I spoke.

“That's more than four years of my old salary.”

Mara nodded.

“A one-year research contract at $160,000. Another $80,000 for a release of your disputed claims and execution of the consent package.”

We sat in Priya's office. Mara had taken off her coat, but she kept her briefcase beside her chair.

“The cooperative would get $40,000,” I said.

“Only if its board separately agrees,” Mara replied. “Your signature alone cannot bind it.”

“And no future share of access fees.”

“Correct. Our team wants clean ownership and a fixed research budget.”

The offer was not a sack of cash under a table. It was worse in one way. It was tidy, legal if properly approved, and large enough to make my chest hurt.

My rent was $1,425. My car needed a transmission that would cost $3,600. I had $8,112 in savings and a final paycheck on its way.

With that money, I could stop checking my balance before buying shoes.

I pictured calling my landlord and paying six months ahead. I pictured taking my father to dinner without waiting for him to offer his card.

Then I turned to the trial schedule. My proposed research contract ended after one year. The field plan ran for two.

“Who funds the second season?” I asked.

Mara checked the offer.

“That would need another budget approval.”

I marked the empty space beside the second year's dates. Even the part of the offer that promised to save my work left half of it waiting for permission.

“May we have until tomorrow?” Priya asked.

“Noon,” Mara said. “Our investment committee meets at two.”

After she left, I kept looking at the line with my name.

“You can tell me it's wrong,” I said.

“I can tell you what your duties require. Full disclosure. No secret benefit. A decision the cooperative can review without pressure from you.”

“Would the board take it to save the trial?”

“They might. Being short of cash makes people accept poor terms.”

She gave me a clean pad.

“Write what the program needs. Then write what you need. Don't hide either list.”

I needed wages, health coverage, and a lab where I could finish the cold trial. The program needed field funding, a reserve outside the buyer's control, fair access for growers, and honest reports.

I drew a spiral in the margin. At the center, I wrote SEED.

Then I crossed out the drawing. A pretty page would not solve this.

We sent the full personal offer to the board. I stated that I would not accept it on the proposed terms. I asked them to choose their negotiating position without me on the call.

While they met, Owen's lawyer delivered the first revenue reconciliation.

The old license required eighteen percent of covered access revenue to go to the cooperative. Seven quarters of invoices showed $7 million in such revenue. The fees due came to $1.26 million.

Rillbank had reported those charges under a different label and paid nothing on them.

“That's preliminary,” Priya said. “We need an independent check before we call it final.”

The board authorized one. Morrowbend agreed to fund a fast review, with the cost charged against the purchase price if the sale closed.

At nine that night, Elsie called me alone.

“We aren't asking you to work for free,” she said.

“I know.”

“Do you? Your father did favors for half this county until he couldn't afford his own repairs.”

My father had fixed combines before his knees gave out. Elsie had known him for twenty years.

“I want a fair salary,” I said. “I don't want my salary to be the price of your vote.”

“Then put that in the terms.”

By morning, we had a counteroffer.

Covered unpaid fees would be paid from the sale proceeds after verification. The cooperative would keep the reserve seed and its right to use DF-17 on member farms. A new license would fund the remaining trials and require yearly reports open to audit.

The buyer could sell commercial seed. Growers would receive eight percent of future covered access revenue under clearly defined terms. Changes to those terms would need cooperative approval.

The steward role would stay, with a second trained steward and a written replacement process so one illness could not stop the program.

My job terms went on a separate page: $88,000 a year, credit in research records, and normal employee benefits. My claim against Rillbank would be negotiated separately, with no personal payment for my consent.

At 11:46, Priya emailed the proposal.

Mara called at 12:02.

“The committee will consider this,” she said. “But there's a problem at Rillbank.”

My pen stopped above the pad.

“Sterling has called a board meeting. He says he's canceling the entire breeding program today.”