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He pulled into the driveway of Margie’s house, and she came out of the house right away. She was wearing a pleated skirt, dark colored, and a blouse. He got out and held the door for her. ‘Foster!’ she said greeting him with an outstretched hand but a suspicious look on her face. ‘Hi, Margie!’ he said, and his obvious friendliness calmed her down immediately. She didn’t know why he had that kind of effect on her but he did. ‘Love your car!’ she said, sliding into the sports car. ‘It’s my run around,’ he said. ‘We need to talk,’ she said. He held up at hand, ‘Can it wait until we can sit face to face and do it? I not trying to avoid anything, I just think it would be more pleasant that way.’ ‘Of course it will,’ she said, sitting back and just enjoying the beauty of the lovely car. He drove her to one of the large hotels. They went into the cocktail lounge, where he was greeted by name. They were seated in a darker corner at a round table. ‘Sorry about the name,’ he said, ‘I come. An independent speculative oil man.”“That’s as good a definition as I’ve heard. Anyway, Papa hit it big and founded the company. The lawyers convinced him to put his stock in a perpetual trust. I get current income, but I can’t touch the stock. What I can touch are the proxy certificates which allow me to vote the stock. Of course Papa didn’t own all of the stock, but the trust still has the largest single block with forty percent of it.”The now enlightened Kathleen says, “So he’s the CEO of a company you basically control, but can’t own. He makes a big salary because he generates sizable dividends to you and all the other stockholders. Thus, in a mercenary sense, you put up with his affairs because he generates a large income for you.”“It’s not quite that cut and dried, nor that cold and calculating. There are some other reasons I can’t discuss.”“But what about your daughters? I can tell you’re nothing like you describe them.”“We’re almost to the hotel. I’ll explain more later, but.
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