It’s drizzling. Nick and Olivia hardly notice.

“Most of you already know all about Humboldt Timber. For those who don’t, they were a family business for almost a century. They ran the last progressive company town in the state and paid incredible benefits. Their pension system was overfunded. They took care of their own and rarely hired gypos. Best of all, they cut selectively, for a yield they might have sustained forever.

“Because they cut the old stuff slowly, they still had several billion board feet of the best softwood on the planet, long after their competitors all along the coast shot their bolts. Two hundred thousand acres—forty percent of the area’s remaining old growth. But HT’s stock price lagged compared to those companies out there maximizing profits. Which, by the rules of capitalism, meant somebody had to come in and show the old-timers how to run a business. You remember Henry Hanson, the Junk Bond King? The guy who went to jail last year for racketeering? He set up the deal. A raider buddy of his pulled off the steal, all the way from Wall Street. Ingenious, really: you pour junk-raised cash into a hostile takeover and sell the debt to your savings and loan, which the public ultimately must bail out. Then you mortgage the company to the hilt to pay off the funny money, loot the pension fund, run through the reserves, sell off everything of value, and dispose of the remaining bankrupt husk for whatever you can get. Magic! Loot that pays you extra to plunder it.
“Right now they’re in that second-to-the-last stage: cashing out every salable scrap of timber in the inventory. Which in this case means lots of seven- and eight-hundred-year-old trees. Trees wider than your dreams are going into Mill B and coming out as planks. Humboldt is cutting at four times the industry rate. And they’re speeding up, before legislation can catch up with them.”

Nick turns to Olivia. The girl is years younger than he is, but he has begun to look to her for explanations. Her face stiffens and her eyes close in pain. Tears roll down her cheekbones.

“Obviously, we can’t wait for legislation. The new, efficient Humboldt Timber will have killed all the giants by the time the law catches up with them. So this is the question I ask each of you. What can you bring to the effort? We’ll take anything you can give. Time. Effort. Cash. Cash is surprisingly helpful!”