Thursday, March 23, 2006

The Queen's Cunning

Ever heard the story of a farmer who found out that someone had been stealing watermelons from his garden? He couldn't catch the wily thief, so one day, he put up a sign that said "one of these melons is poisoned".

What goes for watermelons apparently also goes for due diligence reports.

Yesterday, one of the partners sent Wahbert to ask the Queen for a due diligence report that she had prepared for a client, despite allegations that he had stolen the client from the Queen. This other partner was going to use the Queen's report and just update it, rather than doing the work from scratch. He gets to do this to the Queen because the poor Queen has inadvertently incurred the wrath of the Master of the Universe, Supreme Ruler of WoW.

The Queen was in a truly precarious position. There is a charge of treason hanging above her head and the King all but has a knife at her throat. With her hands tied, the Queen was in no position to refuse handing over the report. But the Queen did not become Queen by being easily cowed. She looked at Wahbert calmly and said, "You can have it, but the minute you open it, you will be subject to a higher standard of care because you may find all sorts of things in the report that you would not otherwise have."

The result? The other partner will be doing his own due diligence without using the Queen's report and the Queen cannot be said to have refused to cooperate. Long live the Queen!

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