4: Paragraph 31 By January Abbes was trying to get me to quit, and
he started removing my titles and duties, and under the corporate bylaws
he didn't have the authority to do that without a vote of the board of
directors. In February I gave Hutton's inside lawyers an ultimatum
offering them their choice of three alternatives: One, Hutton could
straighten out Hutton Trust and let us start handling the trusts the way
we were supposed to, so no one would get into trouble with the
authorities. Two, Hutton could pay me $500,000 and give me a release,
saying I wasn't responsible for what had been going on there, and I'd
resign and stop talking to the press and anybody else except under
subpoena; I thought that was enough to support me until I lived down
having worked at Hutton Trust and found another job. Three, I'd sue
Hutton and get the court to rule I wasn't responsible for the
illegalities at Hutton Trust.
4: Paragraph 32 Then at the beginning of March the bank examiners
showed up for their annual audit. On Wednesday, 5 March, John Smith,
who was the examiner heading the audit and one I knew from earlier
audits, told me they'd want to talk to me the next day; about 2:30 the
next afternoon, he phoned me to come to our glass-walled conference
room, and I went. I'd hardly sat down and given my name and job title
when Hitchcock, who was skittering up and down the hall watching what
was going on in the conference room, stuck his head in the door and
asked me to step out in the hall; he told me I was not allowed to talk
to the examiners without him, and he was too busy to be present that day
-- yeah, too busy not letting anyone talk to the examiners.
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