My Ceo Husband Sat Me At Table 47 While He Thanked His Mistress For “His” Success. He Didn’t Realize I Own Every Single One Of His Company’s Patents. Who Is The “Housewife” Now?
“I—what?” I asked. Catherine continued, “Your case has generated quite a bit of discussion in the legal community. We think your perspective would be valuable, particularly for young women entering the field. Would you be interested?”
I thought about that—about standing on a stage, talking about my work. Not as Derek’s wife, not as Derek’s former attorney.
As Elena Torres, patent lawyer. “Yes,” I said, “I’d be interested.”
Reclaiming the Throne
That night, Emma and I made pizza from scratch in Rachel’s kitchen. It was something we used to do every Friday before Derek decided our kitchen needed to be showroom-ready at all times for potential investor visits.
“Mom,” Emma said, shredding mozzarella cheese, “Are you and Dad getting divorced?”
I’d been dreading this question. “Yes, baby, we are.”
She nodded slowly. “Because of Sophia?”
My head snapped up. “You knew?”
“Mom, I’m fourteen, not stupid. I’ve seen the way they text each other, and he’s been gone every weekend for business trips for, like, two years.” Emma said.
She paused. “I was kind of waiting for you to figure it out.”
I didn’t know whether to laugh or cry. “Are you okay?” I asked.
Emma shrugged. “I mean, it sucks. But also, Dad’s kind of been a jerk lately. He forgot my birthday last month.”
He had. He’d been in San Francisco for a crucial investor meeting that turned out to be Sophia’s birthday dinner.
I’d seen the Instagram post. “I’m sorry, Em. It’s not your fault.”
She looked at me seriously. “Is it true you’re taking away his patents?”
“Not exactly. I’m taking back my patents. I wrote them. I filed them. They were always mine.” I told her.
“Good,” Emma said fiercely, “He acted like he did everything himself. It was annoying.”
I hugged her then, getting flour in her hair. “We’re going to be okay,” I told her.
“I know,” She said, “You’re, like, really smart, Mom. You’ll figure it out.”
The board meeting was scheduled for the following Tuesday. Metatech’s board of directors had requested an emergency session to discuss the IP situation.
I wasn’t technically required to attend. I wasn’t on the board, after all.
But James had negotiated my presence as the representative of Torres Patent Holdings LLC. Derek fought it, obviously, but the board overruled him.
Without the patents, the company was worthless. They needed to hear my terms.
I wore my favorite suit: Navy Armani, purchased with my own salary back when I had a real career. I’d had it tailored last week; it fit perfectly.
The Metatech offices were in a gleaming building in Kendall Square. I’d been there exactly twice before.
Once for the grand opening five years ago, and once for the Series B celebration party where Derek forgot to introduce me to the investors. The receptionist’s eyes widened when I walked in.
“Mrs. Torres, they’re waiting for you in the executive boardroom, tenth floor,” she said. I took the elevator up, watching the numbers climb.
My heart was pounding, but my hands were steady. The boardroom was all glass and steel, with a view of the Charles River.
Eight people sat around the table: the five board members, Derek, Sophia—why was she here?—and Metatech’s general counsel.
Derek stood when I entered. “You have no right to be here!”
“Sit down, Derek,” said Margaret Chow, the lead investor from Sequoia Capital, “Ms. Torres was invited by the board.”
I took a seat at the head of the table, the one usually reserved for Derek. “Let’s make this quick,” Margaret said, “Ms. Torres, we’ve reviewed your termination notice and your proposed new licensing terms. The board would like to understand your position.”
“My position is simple,” I said, “Torres Patent Holdings LLC owns all seventeen patents that cover the portable dialysis technology. For the past seven years, those patents have been licensed to Metatech Solutions under an agreement that I now choose to terminate.”
“You can’t do that!” Derek said, “Those patents were developed using company resources.”
“Actually, they weren’t.” I pulled out a folder. “I have documented every hour I worked on those patents. All work was performed during personal time using personal equipment. The patents are mine.”
Sophia leaned forward. “But Derek invented the technology. You just filed the paperwork.”
I looked at her, really looked at her. She was younger than me, prettier probably, but she was also afraid; I could see it in the way her fingers gripped her pen.
“Ms. Reeves,” I said calmly, “I’m a registered patent attorney with seventeen years of experience in medical device IP. Derek has a business degree and a talent for raising money.”
“Tell me, which of us do you think actually understands the technology well enough to draft claim language that covers forty-three different embodiments and survived USPTO examination?” Silence.
“The patents are mine,” I repeated, “The question is whether Metatech wants to continue licensing them.”
“At what terms?” asked Michael Brennan, another board member.
“Fifty percent equity in Metatech Solutions transferred to Torres Patent Holdings LLC, a seat on this board, and a personal apology from Mr. Torres, delivered in writing, acknowledging my contributions to this company.” I said.
Derek laughed—actually laughed. “You’re insane. I’m not giving you fifty percent of my company.”
“It’s not your company, Derek. It’s the investors’ company. And without my patents, it’s worth nothing.” I said.
I looked at Margaret Chow. “I believe you put in forty-five million dollars in the Series B round.”
Margaret’s expression was carefully neutral. “That’s correct.”
“And that investment was based on a valuation model that assumed Metatech owned or had perpetual license to the dialysis pump patents?” I asked.
“Yes,” Margaret said. “Then I’m sure you can calculate what that investment is worth without patent rights,” I replied. The number hung in the air, unspoken but understood: Zero.
The Final Term
“This is extortion,” Derek said.
“No,” I replied, “This is business. I own an asset. You want to use that asset. These are my terms.”
“The board needs to discuss this privately,” Margaret said, “Ms. Torres, would you mind stepping out for a moment?”
I left the boardroom and waited in the hallway. Through the glass walls, I could see Derek gesticulating, his face red.
Sophia sat beside him, looking smaller than before. Twenty minutes later, the general counsel opened the door.
“We’d like to make a counteroffer,” he said. I went back inside.
“Forty percent equity,” Margaret said, “plus a board seat and a formal title: Chief IP Officer, with compensation commensurate with a C-level executive.”
“Derek retains the CEO position but reports to the board.” She continued. I considered this. It was less than I’d asked for, but it was more than I’d expected to get.
“And the apology in writing?” I asked. The general counsel confirmed it would be included in the settlement agreement.
