Chapter 13 - Victor suspends Seraphine
Victor did not wait for criminal proceedings.
Knox Harbor’s board suspended Seraphine from all governance-related roles.
Not because she locked Liora away.
That was personal and criminal.
The board acted because she had represented unauthorized succession plans as settled.
Independent counsel reviewed.
Her job at Knox Harbor was:
Senior vice president for strategic partnerships.
$310,000 base and bonus potential.
Significant.
She had genuine skill.
Investor relationships.
Development.
Negotiations.
The board found she had crossed authority boundaries.
She resigned under a negotiated agreement rather than be terminated for cause.
She retained vested retirement benefits.
Lost unvested incentive units.
No entire-life destruction.
Victor did not disinherit her.
People expected him to.
He said:
“My estate plan is not a criminal sentence.”
Good.
He did remove her as nominated successor trustee on two family trusts.
Governance consequence.
May you like
Specific.
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