Free The Cookbook Collector by Allegra Goodman Page A

jagged peaks from eighteen dollars a share to thirty-six and then eighty-nine. Applause again. Wait. One hundred and three. One hundred and three dollars a share!
    Emily held her cup of coffee in two hands and watched Veritech, flying high. Thousands were trading Veritech stock, thousands were paying thousands to buy. A company that had been a couple of rooms and cast-off office furniture was shooting into the stratosphere. Emily knew that Veritech was still a fledgling. She knew her company was not profitable, nowhere near profitable. She knew her start-up floated on millions of dollars of venture capital. She knew all this. She was a sensible young woman. And yet she gazed at the projection on the screen and the numbers were hypnotic. She told herself to look away, but she could not. She felt the first stirrings of a notion strange but compelling: that Veritech’s skyrocketing value reflected the company’s real worth. Emily had never looked at a graph and felt this way before. Although she enjoyed math, her pulse had never quickened at the sight of numbers. Now her heart was racing. Her creation had a price, and then a better price, and then a new price better still. Each number shone brighter than the one before, and she who had always been so rational watched Veritech’s ascent and began to fall in love.
    The programmers were cheering like sports fans, like NASA officials at a shuttle launch. High fives. Hugs. Emily and Milton told each other how relieved they were. Yes, relief was the word that felt permissible. Relief after the long, complicated filing and the brief, torturous delays. All along, Alex had worried that the wave might crest before Veritech arrived. Now here they were in November 1999, and the wave was bigger than any of them had imagined. One hundred nineteen dollars a share. They were on track for listing in the top ten IPOs of the year.
    Other emotions remained unspoken. While the group rejoiced in its collective fortune, a private calculus commenced. As one of the three company cofounders, with three million shares, Emily had come into a personal fortune on paper of $357 million. Emily’s assistant, Laura, as employee four, owned half a million shares. As of that morning, she had $59.5 million. And so on down the line, for each of Veritech’s 156 employees, from the oldest, with over two years’ seniority, to the newest, who had signed on to work for options. True, everyone’s stock was locked up for six months, after which—who knew? The shares were volatile. Theoretically the whole industry could go up in flames, but on-screen, Veritech continued to rise, breaking new ground, etching a new social order. Newly minted millionaires like company chef, Charlie, gazed with awe and quiet jealousy at Veritech’s cofounders, now fabulously wealthy. Newly comfortable Miguel, the cleaning engineer, gazed quietly at Charlie. And Veritech, which had been a team where everybody was so free and easy, first names only, could no longer pretend to be a classless society.
    “All right,” said Alex, after giant cookies had been delivered and more coffee served. “All right, you guys.”
    Despite the early hour, the others followed him upstairs to work. No one knew the precise etiquette for becoming wealthy in an instant, but it felt wrong to sit and watch the stock price for more than thirty minutes as a group. From now on the programmers would check Veritech’s progress every thirty seconds on their desktops.

PART TWO
    Light Trading
    Thanksgiving Week 1999

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    G eorge was courting a collection. He wasn’t sure how many books there were. One hundred? One thousand? He had seen only two. The seller was secretive. She said she had inherited a collection of rare books from her uncle, and George assumed the volumes had sentimental value. The two she brought George were intriguing. The first, an 1861 Mrs. Beeton, was not rare by any means, but it was in exceptionally good condition. Beeton’s Book of Household