Chapter 19 - Ethan’s father finds another message

Graham’s special committee turned over something damaging to Ethan and helpful to everyone else.
A draft presentation on Ethan’s laptop.
Title:
Vale Entry Strategy — Distressed Pricing Scenario
One slide modeled:
10% valuation decline.
15%.
20%.
Cross ownership percentage under each scenario.
Another slide listed potential catalysts:
Client churn.
Press criticism.
Product vulnerability.
Insurance concerns.
No explicit crime.
Then speaker notes:
Three visible failures likely sufficient if timed closely.
And:
Avoid catastrophic event—goal is repricing, not destruction.
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That destroyed his claim that the conversations were merely abstract.
The sabotage was economically modeled.