CHAPTER 659 MANUEL STANDS OUT

Chapter 659 Manuel Stands Out

"Where does the money come from?" One of the board members doubted.

"Is there a possibility that the money was appropriated from Phillips Bank and deposited back in our

bank?" He said boldly, not minding demeaning Manuel.

On hearing his words, The meeting room was in an uproar. It would be ridiculous if that were the case.

Did Manuel take them as fools? This exercise of self-deception was no better than Edward admitting

his favouritism to Manuel. There were more and more questioning sounds in the room. Henry sneered

at heart. Was Manuel that stupid to underestimate all the executives? He would humiliate himself.

Susan was anxious about Manuel for the moment.

Manuel pursed his lips and said, "I am not that shameless." His words appeared to be a refutation but

implied satirizing his opponents. The executive turned scarlet with embarrassment.

Manuel took out the operating and financial statements, proving that no penny was appropriated from

Phillips Bank. The heavy ammunition made the executive awkward.

He hemmed and hawed, "I just raised my questions. Mr Johnson's huge deposit was absolutely a good

thing for the bank."

Manuel ignored his words, not minding demeaning him as well.

Another executive came out to help his partner, "We are all moved by Mr Johnson's generosity to

support Phillips Bank's development. However, we could not tell how much net profit will the 10 billion

bring to the bank. That is, we have no proof that this sum could increase Phillips Bank's net income by

40 percent!"

He was attacking Manuel. The benefits that a ten-year time deposit of 10 billion could make definitely

increased by more than 40 percent. It was hard to tell the specific rate as the sum was not invested.

Edward was annoyed by their quibbling. When he was about to say something, Manuel said,

"Hurricane Ventures wants to borrow 10 billion from our bank at a basic interest rate. They promised to

share 5 percent of the dividend with us on condition that the money arrives within a week. Here's the

contract, which was signed and sealed by Hurricane Ventures. If none of you has any comment on it, I

can sign it now."

He sent the contract to the secretary, who showed it to all the executives at the meeting. Edward was

surprised when seeing the contract. How did he make it in such a short time? He didn't only take out 10

billion cash but managed to find loan investors for it. Manuel was such a genius! Edward used to envy

that Cooper Group had Hannah as a successor, while now the rise of Manuel surprised him.

"Is Hurricane Ventures capable enough to borrow 10 billion? Are the enticing conditions just deceiving

us? They promised the dividend, but what about the principal?" The executive began to find fault again.

Manuel answered, "The Capital behind Hurricane Ventures is Wold Group, that is, the Wold family. You owns © this.

could turn to the last page and check the guarantee issued by the Wold family, which says that they will

cover the principal and interests if the investment fails.

The financial resources and clout of the Wold family were indisputable. No one in the room had any

doubt. The executives who had questioned all shut up. They stared at each other and then looked at

Manuel.

Henry tried to hold back his fury. How could Manuel make it? He not only took out 10 billion cash but

had a relationship with the Wold family, whom the Sawyer Group failed to flatter.

Henry didn't think Hannah brought Manuel into contact with the Wold family. Though Hannah's

husband, Oscar, had a close relationship with Theodore, the Wold family could not be so perfunctory

with business. Then how did this guy make it? Grinding his teeth, Henry had to admit that he had

underestimated Manuel once again. Manuel's strength scared him, making him think he was no rival of

Manuel. The idea made him suffer, but he had to hold it back.

In the quiet meeting room, Edward stood up with an undisguised smile. It might be unconvincing when

he had just appointed Manuel, but now he was complacent about his decision.

He said, "Anyone has any comment now?" He meant to satire some people. No one said a word.

"I'm always a good judge of character and talent." Said Edward proudly, "I'm impressed with Manuel's

achievements after he came into the company. He managed to recover the lost revenue and improve

the yield under enormous pressure, making significant contributions to the company. As the chairman

of Phillips Bank, I declare that Manuel's annual salary will be increased by 2 million based on the

previous one."

Increasing Manuel's salary in front of the executives showed Edward's support for Manuel. No one had

any opinions for fear of humiliating themselves. Instead, enthusiastic applause broke out to express

their congratulations to Manuel. Manuel expressed his thanks decently, returning to his seat steadily.

The meeting was over. Edward was thoroughly satisfied while someone was driven crazy!

After he arrived at his office, Henry knocked all stuff on his desk to the floor with a dash of his hand. His

secretary was frightened into silence. Seeing the chaos in Henry's office, Susan pursed her lips. She

knew that Manuel's getting her father's approval might hit Henry's self-esteem, so she came to console

him. However, she didn't expect Henry should lose his temper. It was the first time to see him furious.

Was he still her affectionate boy who never competed with others?