A faint, almost imperceptible smile touched Josiah’s lips before vanishing. He sighed, his face a mask of deep regret. “Cedric Watson was a subordinate who had been with my father for over a decade. My father trusted him immensely, which is why he was appointed as the project manager for the Sloan Group’s subsidiary.”
He paused, shaking his head with a look of shame. “But none of us ever imagined he would betray the company. This was, admittedly, a failure on our part.”
By taking a step back and admitting a degree of fault, Josiah’s narrative skillfully shifted the primary blame while explaining the circumstances. After all, a company couldn't predict when one of its own employees would commit a crime and flee.
Following the female reporter's question, another journalist pressed on. “I recall the protesting workers saying that not only were they denied compensation, but they were also owed three months of back wages. Why would headquarters be unaware of such a large outstanding sum? Isn't this just an excuse you’ve fabricated to evade responsibility?”
Faced with their skepticism, Josiah remained remarkably composed. “The subsidiaries under the Sloan Group are audited on a quarterly basis. These past few days were precisely when the subsidiary was due for its financial audit with headquarters. Mr. Watson likely timed his actions perfectly. By the time we discovered the discrepancies, he had already siphoned off most of the assets and fled the country, leaving behind a pile of falsified financial statements and bank records.”
Josiah gave a wry smile. “I know that no matter what we say, it cannot undo the harm done to the workers. Regardless, it is a fact that our headquarters’ supervision was inadequate in this instance. However, we are taking immediate steps to rectify the situation. Our company has already formed a special task force dedicated to handling the compensation plans for everyone affected by this incident.”
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