Chapter 16 - KELLER HERITAGE AFTER KATHERINE
We did not rename the company immediately.
Employees voted through surveys.
Most wanted stability.
Keller Heritage Living remained.
Grace Nolan became interim CEO.
Then permanent CEO after a national search.
I did not apply.
Owning controlling equity did not make me qualified to run hotels and furniture manufacturing.
Richard called that cowardice.
I called it governance.
Florida was sold to another developer at a loss.
Two small event venues closed.
Headquarters shrank.
Forty-nine positions were eliminated.
Those employees had done nothing wrong.
Marroway funded enhanced severance from part of its restructuring reserve.
Investors complained.
Not loudly enough to stop us.
Clara’s reserve recovered $400,000 in the first year.
Another $500,000 over three years.
The final amount came later with interest adjustment.
Full principal recovery.
No windfall.
Her account returned to diversified assets.
Katherine’s children’s reserves were reviewed too.
Their parents had also allowed small related-party loans.
Those were repaid.
May you like
We did not punish children because their mother harmed mine.
That line mattered.
