The Consortium's Heir

Chapter 120 (Sterling Corporations, Capital City) The Chairman's office; 10:00 am · A man in hislate fifties sat behind a large mahogany desk in what appeared to be a slightly above average office.

to pieces. The document stated that if the loans were not paid in back in twenty four hours time, their company's assets would be seized and auctioned off. The requests from the loan companies and banks were simply outrageous. Hector had borrowed more than $200 million in total from the banks and loan companies as one of the means to boost his already declining company. Yet, who would have thought that his decision would backfire? Sterling Corporations was one of the below average companies in Capital City, with a net worth of over $20 million. However, they were one of the oldest companies founded in Capital City Usually, the companies who started at the same time with Sterling Corporations in Capital City now had their net worths in the hundreds of millions of dollars, but Sterling Corporation were far behind. This was because of the declining competence in the abilities of the previous chairmen of the company. At their current level, they were duly ignored by the bigwigs in Capital City. Hector Sterling, the current chairman of Sterling Corporations had tried his very best and exhausted all his means to build the company to a higher level, but his efforts were all futile. Not only did his business not develop as he had hoped, but they also experienced a decline that was even more severe than usual. The loans and debts the company incurred kept piling up, and their capital chain was severely affected. Hector knew that if there was no external aid to his company, it would only be a matter of time before Sterling Corporations went bankrupt. While Hector was at his wits end, a new company named West Atlantics Int'l was founded in Capital City. Normally, Hector rarely paid attention to such companies, as new companies were founded everyday in Capital City. Besides, of all the multitude of companies founded, how many of them actually managed to remain standing? The answer was only few. After all, the resources in Capital City were already monopolized by the bigwigs, and new companies like West Atlantics Int'l would have nothing for themselves. A company with no resources could not possibly grow, so the only option was for them to leave and start over somewhere else. However, contrary to Hector's