A firm has days to live. You are in the crisis room. Diagnose the exposure, scramble for cash, decide who takes the loss.
Inside the headquarters of Ashford & Crane, a position has gone bad and the firm's lenders are refusing to roll over their funding. You are an executive in the crisis room — not a famous financier, but an original character with a role to play and a firm to save.
You will diagnose the firm's true exposure, weigh leverage against liquidity, and choose among hard options: sell into a falling market, raise capital, find a buyer, or seek a backstop. Every path forces a loss onto someone — and your table must decide who.
The chief executive who owns the crisis — rallying the room, throwing the firm's weight behind one decisive course, and answering for it all.
The chief financial officer who finds the cash — restoring the firm's standing with hard numbers and keeping a funding line open turn after turn.
The chief risk officer who saw it coming — punishing every overreach, shielding the firm from a reckless move, and exposing the danger hidden in a plan.
The head trader on the firm's front line — concentrating hard pressure on a single counterparty and grinding their position down over time.
The general counsel who holds the line — using rules and procedure to lock down a rival, derail an opposing push, and hold the firm to safe ground.
The head of communications who steadies the firm — hardening the whole room against panic, rescuing a faltering colleague, and absorbing the market's pressure.
The executives of Ashford & Crane fighting to keep the firm alive — the CEO, the CFO, the risk officer, the markets desk, and the legal and communications leads. They share one goal, the survival of the firm, but disagree sharply over how much loss to accept, how much to disclose, and how fast to act.. The survival of the firm.
The firm's board of directors and its shareholders, whose capital is first in line to absorb the loss. They press the crisis room for answers, weigh the executives' competence, and resist any plan — a deep capital raise, a fire-sale acquisition — that wipes out the value of their stake.. Protecting the value of the firm's equity.
The financial regulator and the central bank. They ask whether Ashford & Crane threatens the wider system, whether its failure would spread, and whether public money or emergency lending should ever be at risk to save a private firm. They guard the system, not the firm, and they weigh moral hazard against contagion.. The stability of the financial system.
The counterparties, creditors, short-sellers, and the financial press — the forces that reprice the firm by the hour. Creditors decide whether to keep funding it; counterparties decide whether to keep trading with it; short-sellers bet on its fall; the press tells the story that shapes everyone's confidence.. Pricing the firm's risk and acting on it.
Gather 3-6 executives. The crisis room convenes on Discord. Analyze the exposure, negotiate for survival, and decide who bears the loss.