Numbered Account by Christopher Reich

Author:Christopher Reich [Reich, Christopher]
Language: eng
Format: epub, mobi
Tags: Fiction, General, Romance, Adventure Fiction, Suspense, Thrillers, Banks and banking, Switzerland, International Finance, Banks and Banking - Switzerland, Banks & Banking, Business & Economics, Zurich (Switzerland)
ISBN: 9780440334057
Publisher: Dell
Published: 1998-01-02T00:00:00+00:00

CHAPTER

35

The office was dark, except for a halo of light focused on a stack of papers in the center of his desk. The building was quiet. No footsteps scurried through the hallways. Only the hushed electronic breathing of the computer disturbed the pall of silence that surrounded him like a fertile cocoon.

Wolfgang Kaiser was alone.

The bank once again belonged to him.

Kaiser stood with his cheek pressed against the glass, staring out the arched window behind his desk. The object of his attention was a stout gray building fifty yards up the Bahnhofstrasse: the Adler Bank. No lights glowed from behind its shuttered windows. Squat and ominous it sat, eyes closed for the night. The predator, like its prey, was asleep.

Kaiser peeled his cheek from the cold window and circled his desk. For twelve months he had been aware that the Adler Bank was accumulating USB’s shares. A thousand here, five thousand there. Never enough to upset the average daily volume. Never enough to bid up the price. Just small blocks. Slow and steady. He had guessed Konig’s intentions, if not his means. In response, he had conceived a modest plan to permanently cement his own position as Chairman of the United Swiss Bank.

Twelve months earlier the bank had celebrated its one hundred twenty-fifth birthday. A celebratory dinner was given at the Hotel Baur au Lac. The collected members of the board of directors and their ladies were invited. Toasts were made, achievements recognized, and perhaps a tear was shed, but only by one of the pensioned board members. Kaiser’s active colleagues remained far too concerned with the evening’s final announcement to praise the labors of their predecessors. Their hearts were on money. Specifically, on how much of it they’d get their grubby hands on before the evening was over.

Kaiser recalled the greedy glow that lit those ratlike faces that evening. When he had announced that each member of the board was to receive an anniversary bonus of one hundred thousand francs, he was greeted by silence. His guests were incapacitated, man and woman alike. For several seconds, they sat as still as the dead, perched on the edge of their seats. The pressure from a lone mouse’s fart would have sent them sprawling onto the dining room floor. And then came the applause. A thunderous barrage of hand clapping. A standing ovation. Cries of “Long live USB!” and of “To the Chairman!”

How could he have doubted that the board was comfortably in his pocket?

Kaiser allowed himself a self-pitying laugh. Less than a year later, many of the executives so content to pocket a cool hundred grand had joined Klaus Konig’s snarling wolf pack, eager to denounce his own “antiquated” management strategies. The future lay with the Adler Bank, they argued, with aggressive trading in options and derivatives, with controlling stakes in unrelated companies, with leveraged wagers on the directions of foreign currencies.

The future, Kaiser summarized, lay with the inflated value of USB shares a takeover by the Adler Bank would bring.

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