sorry, Kate, but I’m going to have to sell my share of the partnership. The problem I’ve got is that I need to realize the capital I’ve got tied up in the business so I can start again in Sydney.’
‘I don’t believe I’m hearing this,’ I said. ‘You think you can just sell us to the highest bidder? Your parents own half the farmland in Cheshire. Can’t you get them to stake you?’
Bill scowled. ‘Of course I bloody can’t,’ he growled. ‘You didn’t go cap in hand to your father when you wanted to become a partner. You funded it yourself. Besides, life’s not exactly a bed of roses in cattle farming right now. I doubt they’ve got the cash to throw around.’
‘Fine,’ I said angrily. ‘So who have you sold out to?’
Bill looked shocked. ‘I haven’t sold to anyone,’ he protested. ‘How could you think I’d go behind your back like that?’
I shrugged. ‘Everything else seems to have been cut and dried without consulting me. Why should that be any different?’
‘Didn’t you bother reading the partnership agreement when we drew it up? Paragraph sixteen. If either of us wants to sell our share of the business, we have to offer first refusal to the other partner. And if the remaining partner doesn’t want to buy, they have the power of veto over the sale to any third party on any reasonable ground.’
‘“The final decision as to the reasonableness or otherwise of that ground to be taken by the partners in consultation with any employees of the firm,”’ I quoted from memory. I’d written most of the agreement; it wasn’t surprising I knew by heart what the key parts of it said. ‘It’s academic, Bill. You know I can’t afford to buy you out. And you also know damn well that I’m far too fond of you to stand in the way of what you want. So pick your buyer.’
I jumped to my feet and wrenched the door open. ‘I’m out of here,’ I said, hoping the disgust and anger I felt was as vivid to him as it was to me. Sometimes, the only things that make you feel good are the same ones that worked when you were five. Yes, I slammed the door.
I sat staring into the froth of a cappuccino in the Cigar Store café. The waitress was having an animated conversation with a couple of her friends drinking espressos in the corner, but apart from them, I had the place to myself. It wasn’t hard to tune out their gossip and focus on the implications of what Bill had said. I couldn’t believe what he planned to do to me. It undercut everything I thought I knew about Bill. It made me feel that my judgement wasn’t worth a bag of used cat litter. The man had been my friend before he became my business partner. I’d started my career process-serving for him as a way of eking out my student grant because the hours and the cash were better than bar work. I’d toiled with him or for him ever since I’d jacked in my law degree after the second year, when I realized I could never spend my working days in the company of wolves and settled for the blond bear instead.
There was no way I could afford to buy him out. The deal we’d done when I’d become a partner had been simple enough. Bill had had the business valued, and I’d worked out I could afford to buy thirty-five per cent. I’d borrowed the money on a short-term loan from the bank and paid it back over four years. I’d managed that by paying the bank every penny I earned over and above my previous salary, including my annual profit shares. I’d only finished paying the loan off three months previously, thanks in part to a windfall that couldn’t be explained either to another living soul or to the taxman without risking the knowledge getting back to the organized criminals who had inadvertently made me the gift. It had been a struggle to meet the payments on the loan, and I had no intention of standing under the kind of trees that deliver such dangerous windfalls ever again.
I had to face it. There was no way I could raise the cash to buy out Bill’s sixty-five per cent at the prices of four years ago, never mind what the agency would now be worth, given the new clients we’d both brought in since then. I was going to be the victim of anyone who decided a two-thirds share in a profitable detective agency was a good investment.
A second cup clattered on to the table in front of me. Startled, I looked up and found myself staring into Shelley’s amber eyes. ‘I thought I’d find you here,’ she said, tossing her mac over a chair and sitting down opposite me. Her face looked like one of those carved African ceremonial masks, all polished planes and immobility, especially now she’d abandoned the beads she used to wear plaited in her hair and moved on to neat cornrows. I couldn’t tell from looking at her if she’d come to sympathize or to tell me off for my tantrum and plead Bill’s case.
‘And we thought Lincoln freed the slaves,’ I said bitterly. ‘How do you feel about being bought and sold?’
‘It’s not as bad for me as it is for you,’ Shelley said. ‘I don’t like the new boss, I just walk out the door and get me another job. But you’re tied to whoever Bill sells his share to, am I right?’
‘As usual. Back on the chain gang, Shell, that’s what I am. Like Chrissie Hynde says, circumstance beyond our control.’
Shelley’s eyebrows flickered. ‘Doesn’t have to be that way, does it?’
‘I’m not with you.’
‘This behaviour from Bill is not what we’re used to.’
‘Of course it’s bloody not,’ I interrupted petulantly. ‘It’s this Sheila, isn’t it? Like the man said, when you’ve got them by the balls, their hearts and minds will follow. And there’s no doubting which part of Bill’s anatomy Sheila’s got a grip on.’
‘Doesn’t matter who’s behind it, the end result is the same,’ Shelley pointed out. ‘Bottom line is, Bill is not behaving like your friend, and in my book that absolves you from behaving like his friend.’
‘And?’
‘You own thirty-five per cent of the business, don’t you?’
I nodded. ‘Free and clear.’
‘So you put your share on the market. Either as an independent entity, or as part of the whole package.’
I frowned. ‘But that would devalue the business quite a lot. It’s a different kettle of fish buying into an established agency where one of the partners is staying on to maintain the existing clients and another thing altogether to go for something that’s nothing more really than a name and a bunch of office equipment.’
‘My point exactly,’ Shelley said.
‘But I’d lose a lot of the money I’ve put in,’ I said.
‘But Bill would stand to lose a hell of a lot more,’ Shelley said. ‘And he needs the cash a lot more than you do right now. What it would do is buy you a bit of time and a lot of say-so on the deal. It gives you a bargaining chip.’
Slowly, I nodded. ‘Shelley, you are one mean mother,’ I said, admiration in my voice. ‘And I thought Bill was your blue-eyed boy.’
Shelley’s lips tightened. I noticed that between her nose and mouth, a couple of creases were graduating to lines. ‘Listen, Kate, when I was growing up, I saw a lot of women doing the “my kids, right or wrong” routine with teachers, with cops. And I see their kids now, running drugs, living behind bars. I’ve seen the funerals when another one gets shot in some stupid gang war. I don’t like the end result of blind loyalty. Bill has been my friend and my boss a long time, but he’s behaving like an arsehole to us both, and that’s how he deserves to be treated.’
I admired her cold determination to get the best result for both of us. I just didn’t know if I could carry it through as ruthlessly as Shelley would doubtless demand. ‘You’re right,’ I said. ‘I’ll tell him I want to sell too.’
Shelley smiled. ‘I bet you feel better already,’ she said shrewdly. She wasn’t wrong. ‘So, haven’t you got any work to do?’
I told her about the previous evening’s adventures, and, predictably enough, she had a good laugh at my expense. ‘So now I need