kiss.'
'Gord, listen to me—'
'I want to know how I could have been blindsided. How I could leave myself open to having somebody try and grab UpLink right out from under my nose.'
Kirby drained his scotch, lowered the glass, and rattled the melting ice cubes inside it.
'You want me to sit here watching you bash away at yourself?' he said. 'I wasn't aware that was part of our professional arrangement, though I can check with my partners to be absolutely certain.'
'Could you really?'
Kirby frowned at his sarcasm.
'Look,' Gordian said. 'I've established my organization in dozens of countries, placed my employees at extreme risk in some of them, lost good people in others. If I can't learn my lessons, can't compete when the stakes are high, I shouldn't be fooling around in the big leagues.'
Kirby sighed. Granted, they were looking at a very serious problem, but Gordian ordinarily wasn't the sort of man to let self-pity and defeatism through the door no matter how hard they tried shoving their way in. What the hell was wrong with him? Could this be a kind of delayed reaction to the encryption-tech controversy… a case of the psychological bends after finally coming up from leagues underneath it?
Kirby thought about it a moment, and supposed that might be the case, considering how long it had dragged on and the flak Gordian had taken because of his public stance against the new government export policies. Maybe the operative factor here was exhaustion, and Gord was simply tapped out from waging too many battles on too many fronts at once. Maybe. And yet he couldn't help but feel that something else was eating away at him, as well.
'I won't deny you were vulnerable, but why blame it on recklessness?' he said. 'You've had a lot of strains on your financial resources lately, ranging from some outlays that were merely unavoidable, to others that you couldn't have anticipated without a crystal ball.'
Gordian's peremptory look told Kirby he didn't need to be further reminded. In that way the two men were alike: They made their points with a minimum of words. And besides, both of them had done the arithmetic many times over. There had been the huge price tag of manufacturing, launching, and insuring the constellation of low- earth-orbit, Ka-band satellites needed for UpLink's orbital telecommunications network, the multimillion dollar cost of rebuilding the Russian ground station after it was nearly leveled by a terrorist attack the previous January, and the simultaneous expenses of getting the ground stations in Africa and Malaysia fully operational.
An ambitious program of corporate initiatives, to be sure. But Gordian's diversification from the defense technology that had earned him his fortune, while to some extent spurred by military downsizing, was not essentially profit-motivated — and that had always impressed the hell out of Kirby. Gord was not an ego-driven person. Nor was he an acquisitive one. Having made enough money to last him ten lifetimes, he could have done what a lot of fabulously rich men did and rested on his laurels, gone on long cruises to warm places, turned to breaking Guinness world records, whatever.
More than anything, though, Gordian had a heartfelt desire to help create a better world, and believed to his core that the problem of eliminating global tyranny and oppression required communication-based solutions. Having grown up in an era of Berlin Walls and Iron Curtains, he was convinced that nothing — neither military buildups, nor leadership summits, nor treaties — had done as much to bring those Cold War barriers down as information seeping through their cracks. Information, he believed, was the ultimate key to personal and political freedom. His goal, his vision, was to provide that key to the broadest number of people he could imagine… which, Kirby supposed, made him a pragmatic idealist. Or was that oxy moronic?
Now Gordian began to speak again, leaning forward, his elbows on his knees, his hands clasped together.
'Make no mistake, Chuck, I'm not second-guessing my business decisions with regard to the company's expansion,' he said. 'But I do fault myself for not preparing a defensive strategy against a shark attack. And it isn't as if I haven't had good counsel. You've advised me time and again to implement staggered terms of office on the board of directors. My friend Dan Parker, the congressman, tried to persuade me to lobby more forcefully for specific anti-takeover legislation in this state. I did neither.'
'Gord—'
Gordian raised a hand to silence him.
'Hear me out, please. As I said, this isn't just a mea culpa,' he went on. 'A minute ago, you said something about my needing a crystal ball to predict what's happened. Well, in a way, I had one. I don't think Spartus putting its stake on the market comes as a total shock to either of us. Look at the articles in the Wall Street Journal The endless commentaries on those CNN and CNBC financial programs. Every aspect of my company's operations has been subjected to criticism and ridicule, a great deal of it originating from a single source. Is it any wonder the value of our stock has gone into the sewer?'
'For the record, my comment related to your expenses, not the devaluation of UpLink shares,' Kirby said. 'But I agree that the great and exalted financial prophet Reynold Armitage has done a trash-and-burn number on you in the media. If he's the source you're talking about, that is.'
'None other.' Gordian folded his hands on his knees again. 'Spartus panicked, and though I figured I'd be able to settle their fears when I called them, they can't really be blamed for not buying my reassurances. Tell me the truth, Chuck. Have you ever seen anything like Armitage microanalyzing our 10-K information on the air? And then putting such an incredibly negative spin on it? Because I find it damned curious.'
Kirby didn't say anything, just shook his head. Yes, Armitage was an expert securities analyst, able to sniff the wind for market indicators better than almost any of his peers. What did it matter to the general financial community that he was also a pompous, mean-spirited son of a bitch? Some sons of bitches got listened to without being liked very much — and when Armitage spoke, investors large and small perked their ears.
Which was understandable, Kirby thought. Since becoming a constant presence on the money shows, Armitage had helped many, many stockholders to better understand the market and choose successful ventures. But he had also occasionally hurt struggling firms with imprudent calls, skewing figures to suit his predictions, baiting corporate leaders, seeming to relish making them look foolish. As Gordian had pointed out, you had to be ready to take your knocks when you were playing in the big leagues. And despite his sudden attack of self-doubt, he was a player.. one of the best. However, what had raised Armitage's campaign against UpLink — and campaign seemed the only appropriate word for it — to an inexplicable level of viciousness was the timing of his disclosures.
The very day UpLink had released its yearly report to stockholders, Armitage had gone on Moneyline with the firm's 10-K and charged that there were critical discrepancies between the two statements. That had been untrue. Certainly, the reports presented their data in different lights, but annual reports were traditionally intended to emphasize a company's strengths and future goals, while the 10-K form was a dry listing of financial statistics prepared for the Securities and Exchange Commission as a matter of law. By presenting those stats out of context— failing to weigh temporary debts and liabilities against projected venture profits, for instance — one could easily give the impression that a business had gotten into much worse shape than was actually the case. And Armitage had gone a giant step beyond that, exaggerating the significance of every expense, minimizing every gain, and analyzing profit-loss ratios in the worst possible light to depict a company on the verge of ruin.
Damned curious indeed.
Still without speaking, Kirby rose, went over to the wet bar in the opposite corner of the room, and refilled his glass with scotch, leaving out the soda this time. As usual, Gordian's mind was hitting on all its well-oiled cylinders. Why the constant attacks from Armitage? As far as he knew, Gordian had never stepped on his toes, never even met the man. Why, then? The question had been buzzing around Kirby's own head for weeks like a nettlesome wasp, and the only answer that came to him amounted to nothing more than a suspicion. It was one he'd hesitated to share with Gordian, feeling it would be rash to do so without any substantiation.
'Hope you don't mind me helping myself to more of the expensive stuff,' he said, turning to Gordian.
'Get it while it lasts,' Gordian said with a grim smile, downing what was left of his own drink, then holding it out toward Kirby.
Kirby stepped over with Gordian's own favorite Beefeater — and splashed a healthy measure into Gordian's glass.
Their eyes met then, the look that passed between them lasting only a brief moment. Yet it was significant