Chapter 1294
Wyatt handed over a document to Lucian. "Uncle Lucian, check this out."
Lucian gave Wyatt a curious look and took the document with a smile. "What's this, Wyatt?"
The moment he opened it, his expression changed.
The first page listed all the major projects of the Durham Group from the past fifteen years.
Flipping through, Lucian saw it was just more project names.
"Mr. Durham, what's this?" someone on Lucian's side asked impatiently. "Why don't we just vote for the new chairman already? You've been out for months, you might not know the current state of the Durham Group. Things are urgent, problems are piling up..."
Wyatt cut in, "Mr. Cooper, trust me, I know the Durham Group's situation better than you. Why don't you look at the document? It might answer your questions about the problems we've faced over the years."
Samuel sneered. "So, you're trying to defend your dad?"
"It's not about my dad. I want to discuss why the Durham Group, once so successful, has been struggling for the past ten or twenty years." Wyatt leaned back, tapping the table with his fingers. "As Uncle Lucian said, finding and fixing the root cause is the only way to improve. My dad's been out for a while, yet things have only gotten worse. What does that tell us?"
"Those problems can't be fixed in just a few months," Lucian said coldly.
From the moment he saw the document, he knew trouble was coming.
"Why don't you take a look first, Uncle Lucian," Wyatt said, his face expressionless.
Lucian instinctively glanced at Fiona.
Fiona was flipping through the document.
Lucian couldn't tell if it was his imagination, but he thought he saw disdain and contempt on Fiona's face.
"So many projects were losing money," a neutral shareholder spoke up.
"Yeah, the bigger the project, the bigger the loss. If it weren't for a few fixed large-scale collaborations each year, the Durham Group would be in deep trouble!"
"But didn't the previous financial reports show these projects were profitable?"
More shareholders started voicing their concerns, each sounding more worried than the last.
"Mr. Durham, where did this data come from?"
"Ridiculous, did you make this up?" Lucian's supporters chimed in.
"The data comes from the company's financial records over the years," Wyatt replied. "You've been getting dividends every year, but the accumulated losses from previous years have now surfaced, reducing your dividends. This has created the illusion of sudden financial difficulty, but the problem has been there all along."
The murmurs in the room grew louder.
At this moment, Fiona, who had been silent, looked up with a smile. "I took a quick look. Turns out one-third of the major projects that lost money were signed off by Lucian. Mr. Montgomery, were these your responsibility?"
Lucian's face tightened.
"Ms. Woods, I was Mr. Durham's deputy at the time. These were all Mr. Durham's responsibilities; I was just assisting." He tried to shift the blame to Gideon.
Fiona nodded knowingly.
Then she smiled at the shareholders. "I've heard the internal discipline of the Durham Group is very lax. Today, I finally see it. In the Solomon Group and its subsidiaries, whoever signs off on a project is responsible for it. I didn't expect it to be different in the Durham Group."
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