Chapter 21 - Cole Event Development survives

Thayer’s company did not collapse.
One project was sold.
Another refinanced.
His ownership diluted after outside investors injected capital.
He lost control.
Not everything.
Employees kept jobs.
Vendors got paid under restructuring.
One lender pursued a personal guarantee and settled.
The business consequences were painful but not cinematic annihilation.
Gwendolyn said:
“I hate that he’ll still be wealthy.”
I answered:
“Consequences aren’t required to make someone poor.”
She knew.
May you like
Still hated it.
Fair.