Don Cruickshank and Trevor Abbott is the name of the managing director and finance specialist hired to reorganize Virgin to take it public. Don is hired by Richard to organize the company financing when Coutts Bank refuses to fund the Virgin Atlantic overdraft. Don hires Trevor Abbott, who plays a significant role in assuring Virgin's continuing finance. For example, Trevor secures the Bank of Nova Scotia commitment to fund $25 million with an $11 million down payment at closing. When the bank reneges, Trevor goes over the London banker's head to see Bruce Birmingham, vice-chairman in Toronto's Nova Scotia Bank. Trevor arrives in Toronto at 3:00 in the afternoon and at the bank just before close of business. Trevor and Bruce call Richard from the bank dining room on speakerphone to discus the situation. Bruce sends a bank draft for $11 million to the Beverly Hills meeting at 5:00 in the afternoon, where Ken Berry and Janet Jackson sign the contract. Trevor and Robert sell the Sega games contract in Japan for 33 million pounds that bankers refuse to recognize as having any value.
FOLLOW BOOKRAGS:
