Chapter 20 - Carter Holdings Without RichardCarter Holdings improved after Richard stepped down.
That hurt him.
And helped him.
Independent governance.
Audit committee.
Related-party transaction policy.
No family emergency overrides.
Richard initially called it bureaucracy.
Then admitted profit margins improved.
“Apparently rules work.”
I smiled.
“Grandma tried telling you.”
“Your grandmother enjoyed rules too much.”
“True.”
Preston’s former subsidiary was sold.
Part of proceeds repaid obligations.
He started consulting for a mid-sized developer.
Not owner.
Employee.
He had a boss.
Sophie found that hilarious.
“Can boss tell him no?”
“Yes.”
“Good.”
Richard almost choked on coffee.
Preston actually became good at the job.
According to publicly available results and his occasional stories, he focused on design strategy.
Less finance.
Probably wise.
He lived within salary plus trust income.
No enormous projects.
No flashy car.
Not ruined.
Recalibrated.
That mattered to me.
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Consequences did not have to destroy a person to work.
Sometimes they simply returned scale.
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