Chapter 9 Institutional Collapse

593 Words

The morning after the Gala, *Vogue Global* published one paragraph from Madam Vivienne. Chloe Lane and Hale Group were blacklisted from industry events indefinitely for "an unprecedented and fraudulent display that fundamentally disrespects the art of design." Hale's planned IPO stopped. A consortium of investors who had attended the Gala filed a multi-million-dollar suit for gross negligence and fraud. The stock lost the value Derrick had spent months building into the offering. Suppliers demanded guarantees, and the exclusive materials he had purchased could not cover the cash he had liquidated. The board called an emergency meeting. By noon, Derrick Hale had been removed as CEO, with the company's debts still attached to his name. I read the notice once and closed it. There was no r

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